CloseIT is an innovative software studio that specializes in developing tailored software and business solutions. Our mission is to empower clients to concentrate on their business objectives while we handle the complexities of software development.
\n\nWe assist customers in establishing comprehensive data engineering solutions that ensure data is delivered to the right place, in the right format, and can be analyzed effectively. This enables organizations to derive valuable insights from their data.
\n\nExplore our advanced model governance platform, designed to transform model governance from a challenging task into a valuable asset. This framework is particularly beneficial for banks, insurance companies, and other financial institutions that manage numerous predictive models.
\n\nWith extensive experience in the banking and insurance sectors, we have developed a robust platform that allows organizations to efficiently manage and monitor risk models, ensuring compliance and enhancing decision-making processes.
\n\nDiscover several successful solutions we have implemented that showcase our expertise and ability to deliver impactful results.
\n\nWe designed a unique solution for Raiffeisen Bank International to facilitate recurring stress tests in credit risk. This framework allows users to define custom test scenarios for simulating portfolio developments and calculating individual Risk Parameters such as RWA or ECL. Our application was utilized for the EBA stress tests in 2018 and remains a vital tool for ongoing stress testing by internal and regulatory controllers.
\n\nIn response to the new methodology for calculating provisions for Expected Credit Losses (ECL) under IFRS9 introduced in early 2018, our team developed a solution specifically for retail credit exposures. This tool enhances the accuracy and reliability of ECL calculations, meeting the evolving needs of the banking sector.
","product_details_plain_text":"CloseIT is an innovative software studio that specializes in developing tailored software and business solutions. Our mission is to empower clients to concentrate on their business objectives while we handle the complexities of software development.\nWhat We Do\nData Engineering & Business Intelligence\nWe assist customers in establishing comprehensive data engineering solutions that ensure data is delivered to the right place, in the right format, and can be analyzed effectively. This enables organizations to derive valuable insights from their data.\nRisk Model Governance\nExplore our advanced model governance platform, designed to transform model governance from a challenging task into a valuable asset. This framework is particularly beneficial for banks, insurance companies, and other financial institutions that manage numerous predictive models.\nModel Governance Suite\nWith extensive experience in the banking and insurance sectors, we have developed a robust platform that allows organizations to efficiently manage and monitor risk models, ensuring compliance and enhancing decision-making processes.\nCase Studies\nDiscover several successful solutions we have implemented that showcase our expertise and ability to deliver impactful results.\nCredit Risk Stress Testing Framework\nWe designed a unique solution for Raiffeisen Bank International to facilitate recurring stress tests in credit risk. This framework allows users to define custom test scenarios for simulating portfolio developments and calculating individual Risk Parameters such as RWA or ECL. Our application was utilized for the EBA stress tests in 2018 and remains a vital tool for ongoing stress testing by internal and regulatory controllers.\nIFRS9 Provisions Plausibility Engine\nIn response to the new methodology for calculating provisions for Expected Credit Losses (ECL) under IFRS9 introduced in early 2018, our team developed a solution specifically for retail credit exposures. This tool enhances the accuracy and reliability of ECL calculations, meeting the evolving needs of the banking sector.","impressions":719,"monthlyImpressions":716,"weeklyImpressions":716,"faq":[{"question":"How does CloseIT's AI agentic systems work?","answer":"CloseIT's AI agentic systems utilize advanced technologies to manage entire workflows, automating processes and enhancing operational efficiency.","_id":"68d2cb781426192f77460f2f"},{"question":"What is CloseIT's model governance platform for?","answer":"CloseIT's model governance platform is designed to help banks and financial institutions effectively manage and monitor predictive models, ensuring compliance and efficiency.","_id":"68d2cb781426192f77460f30"},{"question":"Can CloseIT assist with credit risk stress testing?","answer":"Yes, CloseIT provides tailored solutions for credit risk stress testing, including defining test scenarios and calculating risk parameters like RWA and ECL.","_id":"68d2cb781426192f77460f31"},{"question":"Does CloseIT support integration with existing financial systems?","answer":"Yes, CloseIT's solutions are designed to integrate seamlessly with existing financial systems to enhance data management and workflow efficiency.","_id":"68d2cb781426192f77460f32"},{"question":"What are the pricing options for CloseIT's software solutions?","answer":"Pricing for CloseIT's software solutions varies based on the specific needs and scope of the project; it's best to contact them directly for a tailored quote.","_id":"68d2cb781426192f77460f33"}]}}