Company Research Report: parcIT GmbH

Company Overview

• Name: parcIT GmbH

• Mission of the Company: parcIT aims to set standards as a pioneer in bank steering, providing methods, software, and consulting services to streamline control areas in banking.

• Founded: 2009, through the spin-off of the ifb AG’s software division.

• Founders: The company emerged from the software division of the "ifb - Institut für betriebswirtschaftliche Beratung der Kreditwirtschaft, Horst Will & Partner".

• Key People:

• Patrick Yousefian (Co-Head of Management)

• Thomas Jagodzinsky (Co-Head of Management)

• Georg Utzel (Head of Methods and Product Management)

• Headquarters: Erftstraße 15, 50672 Köln, Germany

• Number of Employees: No information is available

• Revenue: No information is available

• What is the Company Known For: parcIT is known for its risk and performance-oriented bank steering software solutions and methods, servicing over 1,100 financial institutions worldwide.

Products

• Software Solutions:

• CBS: Comprehensive bank steering software focusing on performance and risk.

• DB III-PLANER: Tool for sales controlling and planning, enabling contribution margin accounting.

• KOS: Cost management and accounting software.

• KRM: Credit risk management software for handling credit value at risk.

• OPTIRIS: Optimizes strategic asset allocation and risk-return steering.

• ORM: Manages operational risks as per regulatory standards.

• SIMON: Monitors risk-bearing capacity, risk coverage, and aggregations.

• SOLVARIS: Manages regulatory capital requirements.

• ZIABRIS: Calculates and manages market and liquidity risks.

• ZIRIS: Focuses on interest rate and liquidity risk management.

• Key Features:

• Standardization and Customization: Software solutions are modular, allowing tailored configurations without extensive customizations.

• Data Integration: Utilizes a united data warehouse for comprehensive decision-making support.

• Regulatory Compliance: Ensures adherence to local and international financial regulations such as MaRisk.

• Scalability: Deployed in various banking scales, from small institutions to major banking groups and corporates globally.

Recent Developments

• Corporate Design Renewal: In celebration of its 15th anniversary, parcIT launched a new corporate design, including a refreshed logo and visual identity to reinforce its connection to the Atruvia Group.

• New Products and Features:

• okular MRM-ZRB Tool: A new complementing tool in the okular suite for period determination in market risk models, enhancing value fluctuations assessment.

• Strategic Partnerships and Collaborations: Continued collaboration with Atruvia AG, its parent company, benefits from synergies in IT and banking technology, ensuring comprehensive solution offerings.

• Milestones and Anniversaries: Celebrated 15 years of operations with over 400 employees, showcasing robust company spirit and a forward-looking agenda focusing on further innovation and customer collaboration.

This highly structured report provides a comprehensive overview of parcIT GmbH, focusing on its core mission, products, recent developments, and place in the competitive financial software landscape.