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Profinit is one of the leading companies in Custom Software Development, AI &amp; Data Science, Consulting, and IT Outsourcing. IDC Research ranked Profinit as the 3rd largest custom application developer in the Czech Republic. We are part of Amdocs, a global leader in software and services for communications and media enterprises. This allows us to combine deep technical expertise with global resources and deliver innovative, tailor-made solutions that meet the specific needs of our clients.Key clients: Erste Group, O2, BNP Paribas, KBC Group, Vodafone, Deutsche Telekom, Raiffeisenbank, Allianz, Société Générale, Prague Airport, CEZ Group, VIG (Vienna Insurance Group), Edenred, ING, NN, Darag, M.M. Warburg, Amplifi Capital, Confirmo, Bottomline, Nord/LB, BerenbergProfinit's services:- Custom software development- IT Outsourcing &amp; Nearshore services- Application management outsourcing- BI/DWH design &amp; development- Data science &amp; AI- Enterprise integrationProfinit's primary clients include banking, insurance, pharmaceutical, and telecommunications companies in Central and Western Europe. The company also services a number of other private and public-sector organizations.Clients use Profinit's services and products in Germany, Austria, Benelux, the UK, and other countries, where Profinit operate in the nearshore mode.The company develops and maintains vital Internet banking systems and other bank applications, insurance policy management systems, B2B and B2C portals, EPM systems, fraud prevention solutions and even a mission-critical software system for an international airport.For more information visit the following websites:- https://profinit.eu- https://bigdataforbanking.com- https://systemsmodernization.com

Profinit

The UK fintech company My Community Finance, the most prominent lender in the UK credit union sector, was looking for a strategic partner in machine learning and data analytics.The first step to achieving the ultimate optimised underwriting process with a personalised offer was to build a behavioural model to predict the probability of acceptance of each client quote with the given parameters.Profinit accepted a request for proposal (RFP) by My Community Finance in the form of a contest to get the best prediction results from an anonymised dataset. Our data science team successfully tackled the challenge and delivered the best model out of all the competing vendors within two weeks.

Increasing acceptance rate via machine learning

Profinit prepared the comprehensive plan including the minute-by-minute cutover plan for this first wave of the SOC project. We ensured its progress and the coordination of all 60 affected systems, we prepared and implemented data migrations from 10 discarded or modified applications to 7 newly running systems.

Migrating data to a new core systems

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 Profinit team covers the roles requested by Berenberg – Senior Full Stack Developer, Business Analyst, Application Architect and QA/Test Manager.The collaboration started with the Securities Workbench project which facilitates investment advisory services in securities. The project is about client classifications and investor profiles pursuant to the German Securities Trading Act (WpHG).Profinit brought their expert knowledge of full-stack development (Koltin, Spring, Angular in this case), 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 DevOps, and implemented new modules.

Nearshoring partner for application development

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