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At the European Summit User Group last Friday 29th November 2019, Finastra announced the products partnership with Phi that was recently signed in the context of making PuriPhi, our Summit data archiving solution, part of the Finastra partner product catalogue.

With official backing from the vendor, we are happy that a wider pool of Summit clients globally will be able to realise the benefits from reducing the live Summit database by up to 60% with no corresponding loss in functionality.

PuriPhi clients achieve significant storage cost savings across their entire Summit estate as well as seeing improved performance and faster database dump/load and conversion times, an imperative for the journey towards continuous delivery.

Please see our case studies or contact your Phi representative for further information on PuriPhi or to arrange a demo.

 

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.