Bank of Valletta (BOV), Malta’s oldest and largest financial institution, has selected Profile Software to upgrade its portfolio management and investment services operations. Through this partnership, BOV will implement Profile Software’s Axia Suite, which follows the successful adoption of the solution by Jamaican asset management firm MoneyMasters in 2023. The Axia Suite is designed to enhance BOV’s investment services by offering advanced tools for client profiling, centralized portfolio management, and administrative support, positioning the bank to deliver more efficient and tailored investment services to its growing customer base.
The Axia Suite will enable BOV to manage investment transactions more effectively with features such as single and mass order bulking. This functionality will allow the bank to handle bulk investment transactions on behalf of its clients, reducing operational complexity and improving efficiency. Furthermore, Axia’s robust capabilities in risk management, portfolio modeling, and rebalancing will support BOV in providing comprehensive and dynamic investment management services. The solution’s advanced tools for fee calculations and performance tracking will enable the bank to offer detailed and accurate reporting, enhancing its service delivery to clients.
Founded in 1974, BOV has established itself as a key player in Malta’s financial landscape. It offers a wide range of services, including private banking, fund management, stockbroking, bancassurance, and investment banking, and operates through a network of 44 branches across the island. The bank’s strong presence in the financial sector has made it a trusted partner for individuals and businesses seeking innovative banking and investment solutions. With this new partnership with Profile Software, BOV aims to further solidify its position as a leading institution in the region.
This collaboration with Profile Software is part of BOV’s ongoing efforts to modernize and enhance its operations. Last year, the bank also collaborated with Resistant AI, a fintech company based in Prague, to strengthen its anti-money laundering (AML) framework. By integrating Resistant AI’s Transaction Forensics tool, BOV has taken steps to improve its ability to detect and prevent financial crimes such as money laundering and sanctions violations. This collaboration reflects BOV’s commitment to ensuring that its operations remain secure and compliant with the latest regulatory standards.
In addition to its efforts to improve its operational efficiency and security, BOV’s adoption of Axia Suite will help the bank meet the growing demands of its clients by providing advanced, customizable investment solutions. By leveraging Profile Software’s comprehensive suite of tools, BOV aims to deliver even greater value to its clients, reinforcing its commitment to innovation, customer satisfaction, and financial security in an increasingly complex global market.