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.View Case Study
New Business Intelligence solution for VIG Re
For VIG RE zajišťovna, a.s.—the only reinsurance company in the Czech Republic—Profinit implemented a new Business Intelligence (BI) solution – Data Warehouse (DWH) and business reporting systems. Technologically, the delivery was based on an MS SQL Server database solution using the proprietary Profinit framework for efficient DWH construction. Reporting is implemented on the SAP Business Objects platform. With the introduction of the BI solution, VIG Re has the right information at its disposal at the right time, to make sound decisions.
Increasing acceptance rate through machine learning
For the UK fintech company My Community Finance, the most prominent lender in the UK credit union sector, we delivered a behavioural model to optimise underwriting with a personalised offer in real-time with a minimal latency. The model predicts the probability of acceptance of each client quote based on hundreds of features incl. credit-bureau data. The number of loan offers accepted increased by 30% as a result of the individual offer for each customer.
Mobile and internet banking with 30% savings on development effort
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.
Big data technology stack for Raiffeisenbank
We have delivered a full big data stack based on Hadoop and Apache Spark for one of the largest European banks.
Instalment detector for Raiffeisenbank
The majority of the profit in modern retail banking comes from loan products. Unfortunately, not all of your clients borrow money from you. Our data science model is built to detect all payments going from the bank to other banks and financial institutions to pay for existing loans elsewhere. The whole instalment loan battlefield can be laid open in front of your eyes. This is a perfect opportunity to offer clients a loan transfer or consolidation through a bank. You find more about the use case at bigdataforbanking.com.
Household detector for a challenger bank
In telecommunications as well as banking, you have enough data to reconstruct family relationships between clients. Based on data concerning card payments, phone calls, and location, you can correlate people in time and space. If you add some simple demographics, you end up with a surprisingly precise data-science model that finds a person’s spouse, parents, siblings, etc. In some countries, this sort of data mining cannot be legally employed, but in others, regulations are not so strict. So, the bank can use this knowledge to improve a person’s risk score based on her family members. Thus a telecommunications operator or a bank can make a better-targeted marketing offer.
Interest rate optimiser for Equa bank
Setting interest rates is a complicated problem. If you set rates too low, you are cutting your profit. If you set them too high, your clients won’t accept them or will soon move on. The competition is very stiff, especially online. Most banks use risk-based pricing, assigning each class of clients interest rates according to the probability of default. This method can be improved by data-science algorithms. By giving clients who are more price sensitive a little bonus at the expense of clients who are less price sensitive while maintaining the average interest rate for all risk classes, we can improve acceptance, reduce turnover, and boost profit while still complying with strict banking regulations. Find more in the video or read about the use case at bigdataforbanking.com.
Key Business Intelligence partner for KB
Since 2005, Profinit has been cooperating in the field of Business Intelligence (BI) with Komerční banka (KB) (a member of the Société Générale international financial group), on a continuing basis. The projects we have implemented represent a wide portfolio of consulting services in BI & DWH solution development, but also in terms of infrastructure and operations. Key projects in recent years have been, for example, the migration and development of a management information system, and BI solutions for the bank’s risk management and distribution departments. The volume of services is on the order of several thousand MDs per year, the greater part of the work is contracted as fixed deliveries. Profinit has been a reliable long-term partner for KB in BI.
DevOps: Automated deployment on the cloud
For our client, My Community Finance, 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.
Due to growing interest in their services in the DACH region, Profinit has announced the establishment of a new entity, Profinit DE in Hamburg.