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Over time, your Summit database continues to grow and grow – this results not only in ever-increasing storage costs (multiplied over all your test and development database copies), but also in a general slowing-down of the system both for users and batch processes. User experience degrades, your operational risk increases, and your ability to deliver change projects – especially upgrades – is affected.

With PuriPhi you can manage your data archiving strategy and keep your production database at a fraction of its current size – while simultaneously keeping access to all your data (retained and archived), online and seamlessly combined, should you need it. No matter how you have extended Summit or what platform or version you are on, all this is managed within a framework which is generic, flexible, robust, secure, and – above all – completely safe.

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Phi presented a prototype for our Summit Libor-replacement quantitative impact solution at the European Summit User Group on Friday 29th November.

Phi were awarded the opportunity to provide this tool as a Finastra partner product based on initial designs requested from us by the vendor in September.

Our solution – ModiPhi – provides an in-memory data simulation mechanism that is completely configurable for LIBOR replacement rules across the various markets, and with which absolutely any Summit process can be run:   trades that are simulated according to user-defined post-LIBOR rules can be viewed on the usual Summit screens, and run with any process (core, in-house, external; GUI, batch or interface).   In other words, results with post-LIBOR simulation can be produced in exactly the usual way, with the same process, giving results in the same format, without any data migration or updates to the database.

ModiPhi was also presented by Finastra as a partner product, and as a necessary component of their wider LIBOR-replacement journey for Summit.

Are you ready to assess the impact of benchmark reform on your Summit portfolio?  Please contact us for more details of our simulation tool or to arrange a demo.