CLOSEIT BLOG

In the heart of amazing software development, in the city Brno, we launched a blog to share our thoughts.

MGS to Databricks connector

The MGS team is now introducing a connector between MGS and Databricks. Teams governing the firm’s portfolio in MGS - definitely not only ML/AI models - get access to the details of model development and monitoring right at their fingertips. Teams using the Databricks platform can write code interacting with the inventory.

Is Databricks good for complex applications?

Can we use the Databricks as a runtime platform for complex applications using the standard development model with git, deployment pipelines and several independent modules / services?

Automated risk model operations at scale

The MRM methodology is relatively well-defined, including the concept of model monitoring for particular model types. But how can we take these mostly manual procedures and deploy them at scale for the entire portfolio?

Should we register our CRO's napkin?

End User Computing (EUC) items exist in every bigger organization and are a potential source of headaches and significant loses. So, what are EUCs and how do we save ourselves this trouble? Here’s my point of view based on our recent case.

Can you run it locally?

The software during the development cycle will go through many stages. It usually starts as a source code in IDE, different pars will be executed in unit tests, maybe even whole components will be tested. It’s somehow packaged (compiled) and deployed to some server (staging, production,…). That is a very rough lifecycle which is not applicable in all cases, but at least during my time in CloseIT, many projects followed it.

Starting AWS SAM folder structure (NodeJS)

When I started putting together my first AWS SAM project, I was confused with the project structure - as always, when I’m starting new project with new technology. You can easily make a bloated project where code is duplicated in each lambda function.

Remote Collaboration of Model Governance & Model Risk Management Teams

The current pandemic has revealed the importance of remote work. While this might be a seamless process for professions like programmers, with their setup already prepared for remote work, the situation may have been a bit different for professionals involved in model governance and model risk management.

CloseIT DevTips June 2020

Here we go again. The last day of June and you can read interesting topics from the development world that we have read this month.

CloseIT Hackathon #1

A few days ago, our first company hackathon finished successfully. But in order to define success, we have to define goals. With every new project, we evaluate what technologies to use.

CloseIT DevTips May 2020

The end of the month is marked by devtips recommended by developers from CloseIT. Look at interesting blog posts and website that we found during May.

CloseIT DevTips April 2020

In CloseIT, we have a channel on Slack where we share interesting development YouTube channels, blog posts, articles, etc. with each other. Here are our DevTips from last month.

Workflows in Model Governance – Farewell, Dear Excel

Models used by financial institutions (FIs) are not defined only by their source code, datasets, and documentation, but also by the entire model lifecycle, which can typically be broken down into a set of workflows. Therefore, FIs often acquire workflow management systems, typically standalone, or the processes are "defined and maintained" in good old Excel sheets. While this might have seemed like a sufficient solution, there are much more advanced approaches, with an incomparably higher value for the business.