In the heart of software development, in the city Brno, we launched a blog about IT.
In early 2018, a new methodology for the calculation of provisions for Expected Credit Losses (or ECL) under IFRS9 for the banking sector came into force. Our team was tasked with implementing a solution for the retail credit exposures of Raiffeisen Bank International (RBI). The calculation is used to check the plausibility of results provided by each RBI subsidiary bank.
Internal workflows are often defined very strictly, but not supported by appropriate tools. Data and documents are distributed via emails or shared folders, where there is clearly no single-source-of-truth. Keeping the deadlines between the teams is complicated because it creates ambiguities in which state the workflow is actually located and who is responsible for it.