This month Phi celebrates our 15th birthday. Thank you for being part of our story!
A note from our CEO, Des Stockdale:
On Friday 18th October, Phi celebrated its 15th birthday.
From day one Phi has defied the odds and we continue to do so. Most companies fail in their first year due to lack of sales or lack of cash but Phi flew out of the blocks and was self funded within the first few months thanks to a healthy opportunity pipeline and enough capital to see us through.
We then made the transition from Summit recruitment agency to consultancy, hiring employees rather than working entirely with contractors. Working initially with Indian and Romanian experts but then extending to senior experts from the market who all bought into the vision of Phi becoming a 360 consultancy.
15 years on we have a products division, multiple managed service clients, a products partnership and a healthy services relationship with Finastra and we are the accepted European market leader across Summit and Sophis amongst clients, vendors and competitors!
This has all been possible because of the talented, hardworking and committed team we have at Phi, where our results speak for themselves and keep our clients continually returning to us for more. I am very proud of what we have achieved, who we are and what we stand for – and I am looking forward to our onward journey in 2020 and beyond!
More than a decade ago, Phi began considering a nearshore delivery capability from which to support the growing demands of our European client base for expert Summit services at an attractive price point. In 2008, the notion became an imperative, the choice of location became clear, and it all began for Phi Nearshore….
We followed in the footsteps of Quanto Financial Technology; an organisation founded by two former directors of Summit Financial Systems, both Romanian, to deliver Summit testing and development services from Bucharest to the Summit product centre in New York. Misys subsequently acquired Quanto, and the Bucharest Summit development centre grew, having created a local talent pool of around (at that time) 100 highly skilled Summit experts.
When Romania joined the EU in 2007, our choice was confirmed. Phi Partners, Bucharest, was born the following year, with initial hires of leading Summit technical experts.
From small beginnings, Phi Bucharest has gone from strength to strength and we are proud of our reputation for providing cost-effective niche consultancy services without any compromise on quality. We expect 2019 to be another significant growth year for our nearshore practices – but our growth will never be at the expense of hiring the very best talent that the local market has to offer.
The journey so far:
Scores of visits from clients, both old and new, and partner organisations. Successful passing of every client audit ever undertaken. Endless re-configuration of client secure areas. Ongoing R&D supporting client solutions and internal tools. Countless “share your knowledge” sessions presented and “FinTech Academy” training modules completed. Regular team building and social events, movie nights, games nights, table tennis championships and the annual PhiNomenals awards…. And, most importantly, dozens of clients supported with cost effective, expert, niche consulting services across vendor solutions and pricing & risk.
Do you represent an existing client or a financial institution looking for a new provider of specialist vendor technology services? We are just a 3 hour flight from most European financial centres and we would be delighted to show you around and demonstrate how we can help you. Come and visit us!
Are you motivated and talented technology or business specialist, looking for your first job in financial technology consulting? We are always looking for the right individuals to expand our teams at all levels of seniority – from graduates to partners! Phi will support you with relevant and structured training and will give you exposure to the world’s leading financial institutions, with excellent opportunities for travel all over Europe and beyond – all the while maintaining the much prized “small company” feel. Join our team!
Contact us now at firstname.lastname@example.org