Finora Bank has completed the implementation of the OneSumX for Basel IV (RE5) platform in collaboration with regulatory technology partner Fintecor.
The new platform enhances the bank’s risk management and regulatory reporting capabilities in Lithuania and Estonia, ensuring full preparedness for the EU’s revised capital requirements regulation (CRR III), which comes into effect in 2025.
Implemented ahead of the regulatory deadline, the solution reflects Finora Bank’s commitment to responsible governance, transparency, and operational efficiency. It enables more accurate capital adequacy calculations, centralized risk data management, and streamlined regulatory reporting.
Basel IV-compliant reports have already been successfully submitted to supervisory authorities, confirming the bank’s readiness to operate under the evolving European regulatory environment.
This milestone supports Finora Bank’s broader strategy to build a modern, resilient, and future-ready banking model for business clients in the Baltic region. The collaboration with Fintecor played a key role in ensuring smooth and timely implementation.