Home Insights “Textbook Perfect” Summit Upgrade delivered in less than 8 months

“Textbook Perfect” Summit Upgrade delivered in less than 8 months

Case Studies

Contact us for a full PDF version of this case study with a detailed upgrade defect analysis.

Delivered according to plan

  • Start date – 27th January 201
  • Go-Live – 22nd September 2019
  • Duration – <8 months (34 w)
  • 2 w of Post Go-Live Support

Delivered according to budget

  • Phi Partners €660k
  • Phi Travel/Expenses €108k
  • Total Phi price €768k
  • Estimated price with Finastra/RightClick €1m


  • Top 3 Bank in Israel
  • Summit V5.5 to V6.1 (V6.1.7.3 HF2)
  • Oracle 11.2 to Oracle 12.2
  • Windows Server 2008 to Windows Server 2016


Collaborative project team, as designed and recommended by Phi:

Phi team (5 FTE)

  • 1x Project Manager (on-site)
  • 1x Principal Technical Expert / Dev’r (on-site)
  • 1x Principal BA (on-site)
  • 1x Lead BA/QA (nearshore)
  • 1x Senior QA (nearshore)

Finastra team

  • 1x Part time project co-ordinator
  • 1x Full time developer (nearshore)

RightClick consultants for test automation.


  • Front Office, Back Office, Risk
  • IRD, FX, MM, Bonds/Repos, Inflation for Bonds and Swaps, Equity TRS
  • FX & Bond Position Monitors
  • Market Risk Server, MR Analytics, MR Monitor
  • Real Time Market Risk Limits
  • STP for Documents and Payents
  • Curve Server / Save Curve Server / Market Data Server for real-time pricing
  • 50 concurrent users
  • Around 15 inbound/outbound interfaces including customised real time interfaces, MQ
  • ~400 batch jobs
  • Around 120,000 lines of client code

Project Phases

  • V6.1 Build + Build Test +
  • Interfaces Smoke Test – 7w
  • TMS GUI Test Automation in 5.5 – 8w
  • TMS GUI Test Migration/Execution in 6.1 – 4w
  • System Test (Batch/GUI) – Cycle I – 8 w
  • System Test (Batch/GUI) – Cycle II – 6 w
  • System Test (Batch/GUI) – Cycle III – 4 w
  • System Test (Batch/GUI) – Cycle IV – 3 w
  • System Test (Batch/GUI) – Cycle V – 2 w
  • Interface Test – Cycle I – 6 w
  • Interface Test – Cycle II – 6 w
  • Pre-UAT (User Acceptance Testing) – 6 w
  • Final UAT (User Acceptance Testing) – 3 w
  • Post Go-Live Support – 2w

Success Factors

  • Project leadership capability with expert domain knowledge (in both Summit and Summit upgrades specifically) was essential to put in place a realistic plan to start with, and to then provide the agility to stick to this plan and achieve it absolutely.
  • Absolute knowledge of “what good looks like” from the Phi team, with respect to designing and staffing a successful upgrade project across multiple parties.
  • Expert test phase planning and execution designed to capture critical bugs as early as possible in the schedule and to allow time for fixes from the Vendor.
  • Good co-operation between all involved parties (Client, Phi Partners, Finastra and RightClick)
  • Excellent communication within the project by means of daily project meetings and ad-hoc video conferences.
  • Utilisation of near-shore resources kept costs down without compromising the quality of the team members
  • Very good tracking of defects using HP QC testing tool
  • Good overall quality of the core code, especially the Orbix replacement (DS, Summit Gateway, RT positions).
  • Expert defect analysis and investigation by Phi mean that the reliance on Finastra was minimised (reducing “false reporting” and providing technical client-side workarounds to core bugs wherever possible)
  • RightClick TMS GUI testing tool enabled us to execute a high number of test cases in each testing cycle.
  • Bringing a Finastra dedicated Summit API resource and part-time project coordinator helped us to reach a high momentum within Finastra. All critical issues (no-go) where no workaround could be provided by Phi were successfully resolved by Finastra during the project.
  • Provision of unofficial fixes by the Finastra developer for pre-testing by Phi reduced the impact of test blockers, and allowed earlier feedback of test results including knock-on problems.