endorsedOngoing

Custom Software Development for Private Bank

Services Covered:

Custom Software Development

Industry

Financial Services

Duration

103 months

Budget

200K - 999K

Start Date

1 January 2018

Team Size

1-5 Employees

Engagement Model

Nearshore

Project Capability Score (PCS)

75/100

Good

Project Capability Score (PCS) estimates how capable Profinit is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS

Client

M.M.Warburg & CO

Hamburg, Germany

Project Summary

Profinit is the custom software development partner for a large private bank in Hamburg, providing Java-based development teams and delivering pilot projects through recurring kickoff workshops and formal proposals with cost and effort estimates. The vendor supplies a fixed team (3–4 developers) led by a senior developer and can scale up when needed. The client reports state-of-the-art, scalable, and stable software delivered on time and within budget and intends to continue the long-term partnership.

Key Challenges

Need to develop customized back-office software when market solutions were unavailable
Avoid hiring in-house software developers and instead find an external partner
Ensure all development work was performed in the client's Java environment

Project Deliverables

Software solutions (custom applications)
Solution design
Specifications document with cost and effort estimations
Development and implementation
Kickoff workshops (1–2 day workshops in Hamburg)

Project Solution

Profinit supplied a dedicated team of Java developers to build custom back-office software. Engagements begin with a pilot and a kickoff workshop (often 1–2 days in Hamburg) where Profinit collects detailed requirements from business and IT stakeholders. The vendor produces solution designs and specifications including cost and effort estimates; approved projects proceed to development and ongoing delivery. The typical delivery team is a fixed group of 3–4 developers headed by a senior developer and can be expanded up to 10 people as needed.

Project Outcome

High-quality software that is state-of-the-art, scalable, and very stable
Fast response times with bug fixes often delivered within a day
Projects delivered within time and budget
Improved efficiency from having a fixed, familiar vendor team and ongoing positive business-side feedback
Ongoing long-term cooperation between client and vendor

Platforms

Tech Stack

Java

Client Endorsement

Overall Review Rating

4.63

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“Profinit delivers state-of-the-art, scalable, and stable software solutions for the client, garnering positive feedback from internal stakeholders. The team is well-organized and delivers on time and within the budget. Their reliability and trustworthiness make them an excellent long-term partner.”
Rainer Vorwerk
IT Manager
Date: 06/29/2022