• We are Center for Investments and Finance
  • Since 2003. we are the cutting edge
  • in risk consulting and software development
  • in South-East Europe

About Us

About Us

Introduction to CIF


Center for Investments and Finance (CIF), is a leading provider of software solutions for risk management, credit rating and scoring as well as regulatory reporting in South-East Europe.

CIF has a proven track record of developing and implementing projects in large international commercial banks, insurance companies, pension funds, fintech start-ups, investment funds, central banks, ministries of finance and supervisory agencies. Our key expertise is compliance reporting, risk assessment, stress testing procedures, credit rating and scoring models, and collateral management and optimization.


CIF products are software solutions focused on regulatory reporting and risk management. Through a modular approach, we cover all types of risk and related reporting.

In addition to software development, we have provided bespoke risk consulting, together or separately to our software implementations.

We have been developing for web, with on premise implementations, and we plan to add mobile platforms and cloud based infrastructure.


Our software products have been implemented successfully in leading European banks in Serbia and South-Eastern Europe. Our local bank clients account for 60% of the total Serbian banking balance sheet, with respect to all three of our business lines (consulting, software and training). Our clients range from systemically important banks, such as Unicredit Bank Serbia, to boutique consultancies and start-ups, such as Osterus or Japan Macro Advisors. We aim to expand geographically and across product lines.

Our fully in-house developed software solutions include:


AccuRate is a software solution for development, validation and automated selection of optimal credit
rating and scoring models using state-of-the-art AI/Machine Learning and econometric methods.
Modeling in the process is fully aligned with regulatory requirements, and it can be used to transition
from standardized to internal ratings-based approach in calculating RWA in Basel III framework.

Fast and FastPlus

Fast and FastPlus are lightning quick applications for rating credit applications. Designed to seamlessly
integrate with our Accurate, it can be used within Bank (Fast*) and externally (FastPlus*) for near-
instant loan approval.
The applications are currently in beta.


RiskGuard 3.0 is a software solution for risk management, enabling Basel III Pillar 1 and II
calculations, as well as fulfilling regulatory and financial reporting standards. In addition to offering
streamlined calculation of key indicators, the solution includes compliance reporting based on COREP
templates, fully localizable. Powerful routines used in calculations are optimized for working with large
banking and trading books.


Select-9 is a powerful, flexible, easy to use and transparent software for calculating credit impairment
based on International Financial Reporting Standard (IFRS) 9. In addition to its key calculations, Select-
9 offers reporting based on FINREP guidelines.

CIF SW Clients, by % of Total Serbian Banking Balance Sheet
CIF SW, Consulting and Training Clients, by % of Total Serbian Banking Balance Sheet
years of existence
What We Do

What We Do

Our Clients

Our Clients



Call Us (+381) 60 662 60 85 Monday–Friday | 9am–5pm (GMT +1)

Visit Us Majke Jevrosime 47, Belgrade

e-mail office@cif.co.rs