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.

What We Do

Data Engineering & Business Intelligence

We 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.

Risk Model Governance

Explore 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.

Model Governance Suite

With 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.

Case Studies

Discover several successful solutions we have implemented that showcase our expertise and ability to deliver impactful results.

Credit Risk Stress Testing Framework

We 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.

IFRS9 Provisions Plausibility Engine

In 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.