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We are delighted to announce the official opening of our latest branch office in the Republic of Ireland.

We are actively assisting multiple clients in Dublin right now across both Summit and Sophis, covering everything from specialist projects to fully managed application support services.

We are excited to announce that Tony Coppellotti has joined Phi this month as COO.  In parallel, Helen Saunders is appointed as Chief Marketing Officer.   These changes provide a strengthening and focus within our leadership team as part of our growth strategy for 2020.

Tony brings a wealth of experience to Phi Partners with a strong background in Trading and Risk technology across cash and derivatives.  He joins us following a number of leadership positions at large multi-national financial services companies such as London Stock Exchange Group, Deutsche Bank, and NatWest Markets as well as suppliers to Financial Services organisations.  Tony was the CTO at QuiC Financial (now IHS Markit) responsible for setting QuIC’s product and technical strategy. During his time at Finastra, Tony set-up their risk division following the acquisition of Turaz and Misys by Vista Equity Partners and was instrumental in defining their agile practices.

We are delighted to welcome Tony to the team!

Hard work and commitment always pay off, and as ski season 2018/2019 ended, Molly Butler added more achievements to the well-deserved existing ones.

Through determination and dedication, Molly succeeded in winning all three events at the British Schoolgirls U14 races in Flaine France, occupied the English Champs Podium with a Giant Slalom third place in Bormio and was also awarded the Megeve trophy in Mont Blanc region, occupying the third place in the U14 Giant Slalom.

The training never stops, especially now that Molly has been selected for the British Junior Team. Congratulations Molly! We are proud to sponsor such a talented athlete and we wish you all the best for next season!

PuriPhi, our industry leading online data archiving solution for Summit, is now live for the international investment banking arm of one of the top banking groups in France.

In the words of the Summit system owner:

“PuriPhi is on the way to take away one third of our current data and reunite ten years of archived database snapshots. It allows us to rethink our view of historical data and it will greatly improve our daily testing environment and regular audit requests”

Context: Our client has a 1.6Tb Summit database, replicated across 30 environments for production, test and development. The existing infrastructure was unable to support the future growth of the database. Previous purging of the production database had resulted in multiple historical snapshot copies being maintained, with an inability to easily combine the data for reporting.

Goal: To reduce the live database size and present all data (live, newly archived AND previously deleted data) in a single Summit environment, compatible with data model updates. Maintain the live database at a reduced size according to specific archiving requirements.

Solution: PuriPhi was installed and configured to archive matured and cancelled trades and historical market data more than 415 days old. Even without considering any of the other data types that PuriPhi supports, 500Gb of data was removed from the production database. The PuriPhi solution presented the archived and production data, seamlessly combined with no loss of functionality through the usual and familiar Summit GUI.

Benefits:

– Live database is reduced by 500Gb
– Space savings are multiplied over 30 environments
– Performance of the live system is improved
– Infrastructure supports future growth of database
– Increased number of dev/test environments supported
– Improved dump/load times
– Aggregated view of ALL data for the first time
– Compatible with future data model changes

 

We were delighted to recognise the outstanding contribution during 2018 of Phi’s amazing experts at last Friday’s “PhiNomenals” awards.

You deliver with passion and enthusiasm, and we thank you for your hard work and commitment to excellence.

Congratulations to all the nominees, and special mention of this year’s winners:

Client Focus Award:  Alexandra Stinga

Excellence Award – Vlad Morosanu

Person of the Year Award – Raluca Gheorghe

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 info@phipartners.com