{"id":11105,"date":"2025-06-25T14:38:49","date_gmt":"2025-06-25T14:38:49","guid":{"rendered":"https:\/\/fintech.global\/regtech100\/?p=11105"},"modified":"2025-06-25T14:39:27","modified_gmt":"2025-06-25T14:39:27","slug":"from-aircraft-leasing-to-managing-bank-risk-profiles-the-almis-story","status":"publish","type":"post","link":"https:\/\/fintech.global\/regtech100\/from-aircraft-leasing-to-managing-bank-risk-profiles-the-almis-story\/","title":{"rendered":"From aircraft leasing to managing bank risk profiles: The ALMIS story"},"content":{"rendered":"<p><strong>Founded in 1992 and headquartered in Edinburgh,\u00a0<a href=\"https:\/\/www.almisinternational.com\/\">ALMIS International<\/a>\u00a0empowers banks and building societies to manage, monitor, and report on their financial risk profiles. Its solutions provide executives and boards with meaningful insights into both current positions and future projections, helping them make proactive, informed decisions.<\/strong><\/p>\n<p><strong>Origins: A realisation in risk<\/strong><\/p>\n<p>In the late 1980s and early 1990s, Joe DiRollo, founder of ALMIS, was working with Price Waterhouse consultants on a project for an aircraft leasing company. The company needed to lease aircraft on long-term, fixed-rate contracts while funding itself through short-term, variable-rate deposits. There was no off-the-shelf solution to manage the interest rate risk caused by this mismatch.<\/p>\n<p>This experience revealed a wider problem: effectively managing interest rate risk required complex, bespoke systems that were both costly and time-consuming. Around the same time, the UK mortgage market saw a rise in fixed-rate mortgages, while banks remained largely funded by variable-rate deposits. As interest rates climbed, profit margins were squeezed; a systemic interest rate risk challenge became apparent.<\/p>\n<p>\u201cThere was a recognition of a broader market need within the banking sector,\u201d says Luke DiRollo, now CEO of ALMIS. Joe and his team collaborated with early adopters to develop a standardised data model that banks and building societies could use to manage their sensitivity to changes in interest rates, using consistent inputs from loans, deposits, and derivatives.<\/p>\n<p><strong>Evolution through regulation and crisis<\/strong><\/p>\n<p>Since its founding, ALMIS has continued to adapt to the shifting demands of the financial sector. In 2005, the introduction of IAS 39 hedge accounting standards prompted ALMIS to extend its system to support compliance using the same core data and models.<\/p>\n<p>Following the 2008 financial crisis, the need for standardised regulatory reporting intensified. ALMIS responded by further enhancing its platform to help clients assess risks and report to regulators efficiently.<\/p>\n<p>\u201cWe are very specifically focused on the banking sector,\u201d says Luke DiRollo. \u201cWe work with over 65 UK banks and building societies, as well as a growing number internationally, and we\u2019ve evolved from our original offering into a platform that supports finance and treasury departments comprehensively.\u201d<\/p>\n<p><strong>The ALMIS Technology Platform<\/strong><\/p>\n<p>ALMIS provides a modular, all-in-one platform tailored to the banking sector. Its Treasury Management System (TMS) handles the booking and lifecycle management of interest rate derivatives and other treasury instruments, including accruals, valuations, and limit monitoring.<\/p>\n<p>A Regulatory Reporting module sits at the top of the ALMIS data warehouse, generating automated XBRL\/XML reports. The suite also includes dedicated modules for Asset Liability Management (ALM) and Hedge Accounting, supporting both internal prudential risk management and external compliance.<\/p>\n<p>\u201cIt\u2019s all designed to be cloud-optimised,\u201d says DiRollo. \u201cBut it\u2019s also important that we support on-premise deployments, particularly in certain jurisdictions. Wherever possible, we leverage open-source technology, develop low\/no-code functions, and ensure compatibility with 3<sup>rd<\/sup>\u00a0party tools.\u201d<\/p>\n<p><strong>Solving data complexity for banks<\/strong><\/p>\n<p>What problem does ALMIS solve for its customers? \u201cIn essence, we take vast, ever-evolving data across an institution\u2019s balance sheet, including daily transactional data, and convert it into actionable insights,\u201d says DiRollo. \u201cThis enables complex internal decision-making and simplifies external reporting.\u201d He adds: \u201cThe real pain point is managing big data in real time. Our platform enables banks to demonstrate they\u2019re operating within their risk appetite while ensuring consistency and efficiency in reporting to varying stakeholders.<\/p>\n<p><strong>A unique value proposition<\/strong><\/p>\n<p><strong>\u00a0<\/strong>In a crowded and competitive RegTech market, ALMIS stands out.<\/p>\n<p>\u201cWe\u2019re unique in offering the breadth of functionality we do,\u201d explains DiRollo. \u201cWhile the system is modular, most of our clients use it as a single suite. One consistent data uplift provides insights across treasury, ALM, regulatory reporting, and ad hoc finance functions.\u201d\u00a0 The platform is designed to be turnkey, minimising custom development and enabling rapid onboarding. \u201cAnother key differentiator is our people. We invest heavily in training financial analysts across our domain and ensure they\u2019re fully certified,\u201d DiRollo adds. \u201cWe also maintain close, collaborative relationships with our clients. Their feedback has shaped every stage of our development over three decades.\u201d<\/p>\n<p>This approach creates a strong service ethos: \u201cIf you call ALMIS with a complex problem, you\u2019ll get a meaningful answer. That\u2019s core to our value.\u201d<\/p>\n<p><strong>Risk in the modern financial sector<\/strong><\/p>\n<p>Despite the evolution of technology, the underlying financial risks remain familiar.<\/p>\n<p>\u201cThere\u2019s intense competitive pressure, squeezed interest margins, and volatile rate scenarios,\u201d says DiRollo. \u201cBanks need clear oversight and insight into how and where they\u2019re making money and what their risk profiles look like.\u201d<\/p>\n<p>He also points to regulatory burden: \u201cPost-2008, we\u2019ve seen a wave of regulation that\u2019s helped ensure resilience. But much of it was introduced rapidly. Now regulators are looking to refine it, making it more proportionate for smaller institutions and more consistent overall.\u201d\u00a0 DiRollo notes that current frameworks often require substantial resources, diverting attention from core balance sheet management: \u201cThe overhead of standardised regulatory reporting means banks spend too much time on compliance and not enough on managing their unique risks. By integrating the two, along with other areas of bank finance, our customers recognise enormous synergies that are directly correlated with value for their institution.\u201d<\/p>\n<p><strong>Key RegTech trends<\/strong><\/p>\n<p>Among the most important developments in RegTech is the move toward a single, golden source of data. \u201cHistorically, regulatory systems and internal risk systems were completely separate,\u201d DiRollo explains. \u201cNow, there\u2019s a big push \u2013 especially from global regulators \u2013 to standardise data models and consolidate reporting frameworks.\u201d<\/p>\n<p>He sees this as central to ALMIS\u2019 mission. \u201cWe support both customisable internal and standardised external reporting. Clients value this dual capability; it\u2019s far more efficient and cost-effective than managing siloed systems.\u201d<\/p>\n<p><strong>ALMIS in 2025 and beyond<\/strong><\/p>\n<p>Around five years ago, ALMIS reached what DiRollo describes as \u201cextremely high market penetration\u201d in its core UK segment \u2013 tier two and tier three banks. \u201cOur focus now is scaling vertically into larger domestic institutions and horizontally into new international markets,\u201d he says. While the business is still primarily UK-based, it now serves clients in Europe and South America and is expanding coverage to meet regulatory needs across Europe and North America.<\/p>\n<p>Looking further ahead, ALMIS remains committed to its specialised focus: prudential risk, treasury, regulatory reporting, and hedge accounting for the banking sector. \u201cWe aim to expand our client base to include larger institutions in the UK and globally,\u201d says DiRollo. \u201cUltimately, we want ALMIS to be the go-to platform for tier two and tier three banks worldwide.\u201d<\/p>\n<p data-start=\"2232\" data-end=\"2366\">Keep up with all the latest RegTech news\u00a0<a class=\"\" href=\"https:\/\/regtechanalyst.com\/\" target=\"_new\" rel=\"noopener\" data-start=\"2275\" data-end=\"2328\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Founded in 1992 and headquartered in Edinburgh,\u00a0ALMIS International\u00a0empowers banks and building societies to manage, monitor, and report on their financial risk profiles. Its solutions provide executives and boards with meaningful insights into both current positions and future projections, helping them make proactive, informed decisions. Origins: A realisation in risk In the late 1980s and early [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":11106,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>From aircraft leasing to managing bank risk profiles: The ALMIS story - RegTech100<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fintech.global\/regtech100\/from-aircraft-leasing-to-managing-bank-risk-profiles-the-almis-story\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"From aircraft leasing to managing bank risk profiles: The ALMIS story - RegTech100\" \/>\n<meta property=\"og:description\" content=\"Founded in 1992 and headquartered in Edinburgh,\u00a0ALMIS International\u00a0empowers banks and building societies to manage, monitor, and report on their financial risk profiles. Its solutions provide executives and boards with meaningful insights into both current positions and future projections, helping them make proactive, informed decisions. Origins: A realisation in risk In the late 1980s and early [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fintech.global\/regtech100\/from-aircraft-leasing-to-managing-bank-risk-profiles-the-almis-story\/\" \/>\n<meta property=\"og:site_name\" content=\"RegTech100\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-25T14:38:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-25T14:39:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fintech.global\/regtech100\/wp-content\/uploads\/2025\/06\/Luke-DiRollo-CEO-e1750862360387.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"522\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"editorial\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"editorial\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fintech.global\/regtech100\/from-aircraft-leasing-to-managing-bank-risk-profiles-the-almis-story\/\",\"url\":\"https:\/\/fintech.global\/regtech100\/from-aircraft-leasing-to-managing-bank-risk-profiles-the-almis-story\/\",\"name\":\"From aircraft leasing to managing bank risk profiles: The ALMIS story - RegTech100\",\"isPartOf\":{\"@id\":\"https:\/\/fintech.global\/regtech100\/#website\"},\"datePublished\":\"2025-06-25T14:38:49+00:00\",\"dateModified\":\"2025-06-25T14:39:27+00:00\",\"author\":{\"@id\":\"https:\/\/fintech.global\/regtech100\/#\/schema\/person\/700e93a9f1ec1d00f1b7baf07636829d\"},\"breadcrumb\":{\"@id\":\"https:\/\/fintech.global\/regtech100\/from-aircraft-leasing-to-managing-bank-risk-profiles-the-almis-story\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fintech.global\/regtech100\/from-aircraft-leasing-to-managing-bank-risk-profiles-the-almis-story\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fintech.global\/regtech100\/from-aircraft-leasing-to-managing-bank-risk-profiles-the-almis-story\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fintech.global\/regtech100\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"From aircraft leasing to managing bank risk profiles: The ALMIS story\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fintech.global\/regtech100\/#website\",\"url\":\"https:\/\/fintech.global\/regtech100\/\",\"name\":\"RegTech100\",\"description\":\"The world\u2019s most innovative RegTech companies that every financial institution needs to know about\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fintech.global\/regtech100\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fintech.global\/regtech100\/#\/schema\/person\/700e93a9f1ec1d00f1b7baf07636829d\",\"name\":\"editorial\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fintech.global\/regtech100\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e25caf13ff74e4ec69c5895b17b6b1e0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e25caf13ff74e4ec69c5895b17b6b1e0?s=96&d=mm&r=g\",\"caption\":\"editorial\"},\"url\":\"https:\/\/fintech.global\/regtech100\/author\/editorial\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"From aircraft leasing to managing bank risk profiles: The ALMIS story - RegTech100","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fintech.global\/regtech100\/from-aircraft-leasing-to-managing-bank-risk-profiles-the-almis-story\/","og_locale":"en_US","og_type":"article","og_title":"From aircraft leasing to managing bank risk profiles: The ALMIS story - RegTech100","og_description":"Founded in 1992 and headquartered in Edinburgh,\u00a0ALMIS International\u00a0empowers banks and building societies to manage, monitor, and report on their financial risk profiles. Its solutions provide executives and boards with meaningful insights into both current positions and future projections, helping them make proactive, informed decisions. Origins: A realisation in risk In the late 1980s and early [&hellip;]","og_url":"https:\/\/fintech.global\/regtech100\/from-aircraft-leasing-to-managing-bank-risk-profiles-the-almis-story\/","og_site_name":"RegTech100","article_published_time":"2025-06-25T14:38:49+00:00","article_modified_time":"2025-06-25T14:39:27+00:00","og_image":[{"width":800,"height":522,"url":"https:\/\/fintech.global\/regtech100\/wp-content\/uploads\/2025\/06\/Luke-DiRollo-CEO-e1750862360387.jpg","type":"image\/jpeg"}],"author":"editorial","twitter_card":"summary_large_image","twitter_misc":{"Written by":"editorial","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fintech.global\/regtech100\/from-aircraft-leasing-to-managing-bank-risk-profiles-the-almis-story\/","url":"https:\/\/fintech.global\/regtech100\/from-aircraft-leasing-to-managing-bank-risk-profiles-the-almis-story\/","name":"From aircraft leasing to managing bank risk profiles: The ALMIS story - RegTech100","isPartOf":{"@id":"https:\/\/fintech.global\/regtech100\/#website"},"datePublished":"2025-06-25T14:38:49+00:00","dateModified":"2025-06-25T14:39:27+00:00","author":{"@id":"https:\/\/fintech.global\/regtech100\/#\/schema\/person\/700e93a9f1ec1d00f1b7baf07636829d"},"breadcrumb":{"@id":"https:\/\/fintech.global\/regtech100\/from-aircraft-leasing-to-managing-bank-risk-profiles-the-almis-story\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fintech.global\/regtech100\/from-aircraft-leasing-to-managing-bank-risk-profiles-the-almis-story\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fintech.global\/regtech100\/from-aircraft-leasing-to-managing-bank-risk-profiles-the-almis-story\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fintech.global\/regtech100\/"},{"@type":"ListItem","position":2,"name":"From aircraft leasing to managing bank risk profiles: The ALMIS story"}]},{"@type":"WebSite","@id":"https:\/\/fintech.global\/regtech100\/#website","url":"https:\/\/fintech.global\/regtech100\/","name":"RegTech100","description":"The world\u2019s most innovative RegTech companies that every financial institution needs to know about","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fintech.global\/regtech100\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fintech.global\/regtech100\/#\/schema\/person\/700e93a9f1ec1d00f1b7baf07636829d","name":"editorial","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fintech.global\/regtech100\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e25caf13ff74e4ec69c5895b17b6b1e0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e25caf13ff74e4ec69c5895b17b6b1e0?s=96&d=mm&r=g","caption":"editorial"},"url":"https:\/\/fintech.global\/regtech100\/author\/editorial\/"}]}},"_links":{"self":[{"href":"https:\/\/fintech.global\/regtech100\/wp-json\/wp\/v2\/posts\/11105"}],"collection":[{"href":"https:\/\/fintech.global\/regtech100\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fintech.global\/regtech100\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fintech.global\/regtech100\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/fintech.global\/regtech100\/wp-json\/wp\/v2\/comments?post=11105"}],"version-history":[{"count":3,"href":"https:\/\/fintech.global\/regtech100\/wp-json\/wp\/v2\/posts\/11105\/revisions"}],"predecessor-version":[{"id":11109,"href":"https:\/\/fintech.global\/regtech100\/wp-json\/wp\/v2\/posts\/11105\/revisions\/11109"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fintech.global\/regtech100\/wp-json\/wp\/v2\/media\/11106"}],"wp:attachment":[{"href":"https:\/\/fintech.global\/regtech100\/wp-json\/wp\/v2\/media?parent=11105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fintech.global\/regtech100\/wp-json\/wp\/v2\/categories?post=11105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fintech.global\/regtech100\/wp-json\/wp\/v2\/tags?post=11105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}