Our approach applies the best technology expertise to each of our client’s unique situations, drawing on our deep experience while avoiding one size fits all solutions. We solve complex problems without over-promising at the outset. And we never make general assumptions about specific issues. Our Business Consulting Practice consists of some 30 experts working in London, Paris and Frankfurt, as well as more than 70 additional practitioners based in our Bucharest delivery centre. Our experience spans both Business (Business Analyst, Quant Analyst & Developer) and IT (Integration Development, QA, Release & Deployment).
Our Practice supports our clients in the optimisation of everything from their complex FO Models to integration of their downstream trading applications into centralised risk management solutions. Our experience allows us to support both vendor based and home grown solutions, assisting in eliminating weaknesses in current implementations and providing direction to maximise the benefits of investments. Where vendor platforms (link to Vendor Technology Practice) are involved, we leverage our market leading expertise and experience.
Our core skills lie within the area of Quantitative Integration, where we work on bespoke internal platforms using a proprietary library, or within Fusion CM (Summit, Sophis) and Murex. As financial markets business technologists, we regularly work with innovative technology approaches inspired by the latest DevOps (link to Our DevOps Approach – Overview) thinking and other leading edge practices.
Our goal in every situation is to overcome technology obstacles permanently and productively, solving previously intractable problems with sustainable solutions. We aim to enable our clients to make best use of their most specialised and costly resources, including their quant teams. We do this by devising and delivering technology that works robustly across asset classes and internal silos, without the need for constant and costly re-integrations.
The Phi Partners Business Consulting Practice has developed a series of bespoke Business and IT solutions to help meet the needs of our clients as they deal with the impact of key market drivers.
Based on consolidation of our own methods and tooling to carry out pricing integration and testing, we have introduced two products. These have have delivered significant added value and proved to be critically important to clients: ‘PersisTables™ ‘ is a Quantitative Messaging Layer – QML. It isolates the innovation required by ever changing Quantitative models from the stability needed within core banking technology systems. ‘ClariPhi™’ is a reconciliation tool that enables automation of valuation results and flow management for user numbers ranging from one to a few hundred.
‘PersisTables™ enables users to prototype their data requirements within an environment they are familiar with (Excel) and translate that into the technology space with no added cost. ‘PersisTables™ is already available within Summit to extract trade and market data.
We are currently developing ‘ClariPhi™’ with one of our major clients to enable valuation testing from the early stage of modelling to the latest UAT phases, using either files or ‘No SQL’ Data Lake with the same analysis. ‘ClariPhi™’ also supports output to OLAP cubes (ActiveViam or Excel), tracking exceptions across releases and exporting or interpreting results to test cases.
From initial advisory engagements to complex full delivery programmes, the Phi Partners’ Business Consulting Practice is making a positive and ongoing impact on the key Risk, Pricing and related challenges faced by our clients. With our vendor technology expertise we have achieved significant transformations of MiSys-based infrastructure, leading to further engagement in related risk areas. With upcoming regulatory impacts to risk management frameworks, we currently support Tier 1 Investment Banks in an advisory capacity, looking at major change across both the IT & Business domains in the context of FRTB requirements. And we are the principal delivery partner for new pricing solutions for two major Tier 1 banks. These solutions are centralised across asset class, with real-time risk and PnL capabilities that fully meet current pricing requirements while preparing for Basel III – FRTB transformation.