CASE STUDIES

Core system development and maintenance for 3 countries

The Cardif Shared Services Centre provides IT services to BNP Paribas Cardif in the Czech Republic, Slovakia and Austria. Profinit develops and maintains one of the core insurance systems that has been operated by the Shared Services Centre. Our services have consisted of a transparent and swift takeover phase, many software process optimisations and technical improvements resulting in a 50% increase in delivery effectiveness and allowing us to significantly shorten the time to market for new requirements. The core system is a stable and reliable pillar that supports the client’s business and enables BNP Paribas Cardif to stay ahead of the competition. Profinit has partnered BNP Paribas Cardif since 2011.

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Mobile and internet banking with 30% savings on development effort

Erste Digital (formerly sIT Solutions) is the IT solution provider for Erste Group and is responsible for the development, implementation and servicing of banking software operated by approximately 4,000 employees. For sIT Solutions in the Czech Republic, we provided the complete outsourcing of internet and mobile banking development, including system integration. Due to our process optimisation approach, we have realised 30% savings on the development effort.

Non-life insurance and very short time to market application management outsourcing

KBC Global Services NV is the IT solution provider for KBC Group (the Belgian based multi-channel bank), delivering IT solutions to finance companies within the group. ČSOB Pojišťovna is one of the group‘s banks to whom we have been providing software systems and application management outsourcing services since 1998. Within this time Profinit has developed many finance solutions and we continue to be a trusted service provider.

Receivables Monitoring System (REMOS)

Profinit delivered a strategic solution called REMOS (Receivables Monitoring System) for ČSOB, one of the largest commercial banks operating in the Czech Republic. The bespoke software development project consisted of specifying and implementing a system, which enables bank clients to file and deposit invoices in various electronic formats and through diverse channels without the need to physically visit a branch.

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DevOps: Automated deployment on the cloud

For our client, Amplifi Capital, the UK’s largest provider of consumer loans in the credit union sector, we fully automated the deployment pipeline creating the Infrastructure as Code (IaC). This solution now enables the deployment of new microservices with a single click. Learn more about this use case.

Development of the Coinmate cryptocurrency exchange

Between 2014 and 2023 we delivered a complete solution for one of the largest cryptocurrency exchanges in Central Europe – Coinmate. The platform’s development was iterative and after 6 months of development, in October 2014, the new cryptocurrency exchange was deployed into the production environment. During 2015 – 2023, Profinit consultants worked with the exchange’s internal team on numerous extensions and related integrations, such as client onboarding, trading and marketing. One of the project’s biggest challenges was to design and develop a trading kernel that would provide buy and sell order entry and matching. A specific challenge was also to understand the workings of each cryptocurrency and provide integration to their blockchain so that users could make deposits and withdrawals.

“Profinit’s team of experts created a cryptocurrency exchange for us based on our requirements from the ground up. They designed a comprehensive solution, which we successfully implemented, and helped us develop it further. Thanks to their experience in the banking environment, we were assured of the high security of the exchange. We also see Profinit’s consultants as important partners who helped us make key decisions to further develop our trading platform.”

Roman Valihrach, Founder of Coinmate

 

Nearshoring partner for internal application development

Berenberg, one of Europe’s leading private banks, was looking for a partner to outsource internal application development. Profinit provided a team to work together with a team from Berenberg to develop applications and fulfil their business needs. The collaboration started with the Securities Workbench project which facilitates investment advisory services in securities. Profinit brought their expert knowledge of full-stack development, project organisation and governance. Together with Berenberg we stabilised the Securities Workbench project, designed a modular architecture, migrated the project from on-premise to Azure Cloud, and implemented new modules.

“Our collaboration with Profinit on the Securities Workbench project exemplifies how distance is no barrier to achieving innovation and teamwork at its best. Together, we’ve crafted a scalable, future-proof platform that not only meets today’s needs but is ready for tomorrow’s challenges. The seamless integration of our teams and the expertly designed modular architecture forced us to establish a long-term cooperation with Profinit.”

Marcel Pochert, Head of Digital Transformation at Berenberg

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Custom decision engine platform helping Fintech to scale up

Amplifi Capital, 2024 Scale-up of the Year of Fintech Awards London winner, is one of the most successful near-prime loan providers in the United Kingdom. They identified that their current box-solution decision engine might not support future business needs. To support this growth and gain an advantage over competitors in the UK market, we delivered a no-code decision engine platform leveraging Machine Learning that simplified the decision logic, leading to cost savings on external services and improved response times for loan aggregators. With the new solution, Amplifi has grown from 1 million requests per month to more than 2 million requests per month without any performance issues. For more details, see the case study.

“Profinit delivered a flexible no-code decision engine platform that flawlessly replaced the legacy solution. Their experts helped to train our business analysts and testers how to use the platform and handed over the development and maintenance to our internal application team.”

Petr Luksan, COO & Member of the Board

Sustainable backbone solution for FinTech

Amplifi Capital is a FinTech London powerhouse. Their robust monolithic system reached a turning point. The main challenge was adapting Amplifi’s IT infrastructure to support evolving business needs while dealing with more difficult maintenance and increasing development speed for new products. Profinit focused on enhancing infrastructure scalability and delivered a scalable solution with easy maintenance. The upgraded solution facilitates the swift release of new products and functionalities. Automation of infrastructure management bolsters scalability, ensuring robustness, lower maintenance costs and developer efficiency. Amplifi teams managed to hand over and adopt the developed solution in 8 weeks. For more details, see the case study.

“Profinit provided us with a sustainable backbone solution for our growing business that we needed for our dynamic scale-up of new product offers and the increasing number of clients.”

Petr Luksan, COO & Member of the Board