Phi is excited to announce the addition of Nikos Terizakis to the company. Nikos joins us as the Head of Public Cloud Services and will be leading our Cloud Practice, developing our capability in providing cloud advisory, project and managed services, especially around our PaaS offering on Summit & Sophis.

Nikos joins us from HeleCloud, an AWS Premium partner, which was acquired by SoftwareONE in Sept 2021.  At HeleCloud, Nikos was the Chief Delivery Officer, responsible for building the delivery frameworks, the professional services team and the actual winning & delivery of several large and complex AWS transformation and migration programmes.

Nikos is an IT industry veteran, with a career that spans the last 30 years, mostly in the Professional Services sector.  The last 6 years he has focused on public cloud services and AWS.

Prior to HeleCloud, Nikos was the VP of the Telecoms Consulting practice of iGate (acquired by CapGemini), the Head of Business Consulting at TechMahindra and a Senior Manager with the eCRM practice at IBM Global Services.

Nikos is a British Computer Society (BCS) Chartered IT Professional (CITP) and a Certified AWS Solution Architect at Professional level.

According to Desmond Stockdale, Phi’s CEO, “We are really pleased to have Nikos on board. He brings with him a wealth of knowledge on the cloud market and will drive our client’s application transformations making sure they can extract value from the cloud.” 

Nikos Terizakis adds, “I am very excited for the opportunity to work with Des and the team in making Phi Partners a force to be reckoned with in the Financial Services public cloud space.  I am truly looking forward to developing and delivering innovative and industry-leading quality services that will establish Phi Partners as a leader in Summit and Sophis PaaS and a trusted partner of public cloud implementations to our customers.”

We are pleased to announce the opening of our new entity in Dubai, a new location that will help us to strengthen our global footprint and better serve our clients situated in the Middle East region.

“This move represents our continued global expansion into new markets, and we are happy to be able to serve our customers in yet another region.”

– Desmond Stockdale, CEO – 

Phi invited the teams from the Bucharest and Casablanca nearshore delivery hubs for weekend retreats filled with fun activities allowing them to celebrate the success they’ve had in 2022, reconnect with each other and meet the new graduates who joined the company in September.

The Bucharest team spent the days enjoying team building activities on the beach and the views from the hotel situated on the Black Sea coast as well as getting to party the evening away.

The Casablanca team were whisked off to spend a relaxing weekend painting next to the beautiful pool at Kasbah Agafay, taking in the beautiful sights of Marrakech as well as enjoying the evenings filled with live music and dancing.

We always celebrate our success and were thrilled to see everyone enjoying themselves.

If you’re looking for a company that rewards the hard work you do, please visit our careers page and hopefully you can join the team on the next retreat.



London, May 12, 2022 

ActiveViam, a global software vendor in the financial services industry specialized in in-memory BI analytics solutions, and Phi Partners, a capital markets technology consultancy providing niche services and products to sell-side and buy-side clients, are glad to share the news of the extension of their partnership.

ActiveViam and Phi have been partners for several years and in that time Phi has been able to establish a center of expertise on ActivePivot and Atoti+. Chris Horril, Global Head of Partnerships and Resellers for ActiveViam adds: “Phi has collaborated with ActiveViam and our customers on several strategic implementations of Atoti+ for our customers and brings together a strong team of technologists and business experts.  By renewing and extending the partnership we will be working together more closely to explore and develop new use cases and opportunities for Atoti+ and also to broaden the relationship beyond EMEA in North America and APAC”.

Desmond Stockdale, CEO and CRO of Phi Partners confirms:  “We have been following the phenomenal success of ActiveViam’s ActivePivot product over the last decade.  ActivePivot – together with innovative accelerators to solve specific market problems such has FRTB – has secured its position as product-of-choice for data analytics and aggregation across pricing, market and credit risk.   The deepening of Phi’s partnership with ActiveViam, in particular for Atoti+, allows Phi to further leverage the convergence of our ActivePivot line of business with our quantitative technology and EAI services.  In turn this will allow our joint clients to further exploit the limitless opportunities around data analytics within financial markets”.

About Phi Partners

Phi Partners is a capital markets technology consultancy providing niche services and products to sell-side and buy-side clients since 2004. We specialize in specific vendor solutions, including ActiveViam’s, with a particular focus on front office, pricing and risk. We thrive on complexity and have a reputation for successful delivery. We are trusted by more than 60 financial institutions worldwide to drive their capital markets technology transformation projects.

Our services span everything from standalone on-site quantitative developers to fully outsourced application management under a SaaS model. We have a strong presence in the major financial centres in EMEA and beyond. We also able to provide all services, including Active Pivot and Atoti+, from our ISO-certified nearshore center in Bucharest. This is a cost-effective option for our clients with no compromise on quality.

To discover more about our services, visit www.phipartners.com.

About ActiveViam

ActiveViam was founded in 2005 and has deployed analytical solutions to help financial services firms make instantaneous business decisions and meet operational challenges. With a comprehensive offering of analytics and data science products based on in-memory technology and expert-designed user interfaces, ActiveViam’s clients achieve a unique level of precision, speed, and adaptability.

ActiveViam’s software is used today by global banks, hedge funds, asset managers and derivatives exchanges for their most sensitive and intensive analytics needs. With offices in Paris, London, New York, Singapore and Hong Kong, our 40+ clients in more than a dozen countries include HSBC, Société Générale, Scotiabank, Mizuho, Nomura, CME Group and Tudor Funds.

For more information visit www.activeviam.com or www.atoti.io.

Phi is now a Finastra partner for Managed Services and Implementations for Summit.  We are very happy that Finastra have recognised our expertise in project work, AMS and SaaS.   As part of the partnership process, Phi has gained level 3 accreditation for Summit, the highest accreditation of any Summit partner.

Click here for more information



Euro Tower, home to Phi’s nearshore centre in Romania, is the first building in the country to be certified LEED Zero Carbon!

Euro Tower has been Phi’s home in Romania for more than 10 years.  We are proud to have been one of the first tenants, and delighted that our building has become the first LEED Zero Carbon development in Romania!  This comes more than a decade after being the first green-certified building in Romania and follows three successive years of net zero carbon, calculated including the Phi premises.


December 2021

Euro Tower office building becomes the first Net Zero Carbon development in Romania, after being also the first green-certified building in the country, a decade earlier, in 2009.

The project reached the level of carbon neutrality in 2019, as well as in 2020, according to a study realized by BuildGreen for the assessment of the building’s degree of CO2 emissions during that period.

Decarbonizing the carbon footprint of a building requires the use of all materials and technologies capable of ensuring energy efficiency and minimizing CO2 emissions, implementing the most efficient solutions for building construction and operation, as well as the offset of CO2 emissions that are impossible to eliminate or to control in the development process (e.g. generated by tenants through their normal activity, emissions generated by water supply and sewerage).

As a differentiating factor for Euro Tower in the decarbonization process, the offset included in addition to the building’s carbon footprint also the carbon dioxide emissions generated by the building’s Tenants, benefiting them directly.

Another differentiator is that all CO2 emissions are calculated and compensated in order to reach all 3 scopes, according to GHG Protocol (Greenhouse Gas Protocol) – Given that, globally, most companies are primarily concerned with scopes 1 and 2, scope 3 being the biggest challenge of the moment in all decarbonization strategies (CO2 emissions from suppliers of materials or services, or other sources difficult to control).

Euro Tower is one of the landmark office buildings for class A developments in Bucharest, Euro Tower obtained the BREEAM Very Good certification, becoming the first building in Romania to be officially confirmed as being Green according to global sustainable development methodologies.

Source: https://europaproperty.com/euro-tower-becomes-the-first-net-zero-carbon-building-in-romania/

We have expanded! We are pleased to announce the opening of our new legal entity and office in Morocco.

The new physical presence comes as we strengthen our regional footprint in the North-Western African region. The office will work as a satellite location for our Sophis, Murex and Quant Analytics expertise.

Desmond Stockdale, Phi Partners CEO, said: “Our proximity to our clients, and our ability to retain top regional talent, are both key in order to offer best-in-class consultancy services. This new office will enable us to strengthen some established relationships we have with customers in the French-speaking region. It represents the foundation of a long-term growth strategy in our key Sophis, Murex and Quant Analytics markets.”

For more information about our services, to discuss your business requirements with our experts, or if you are a candidate interested in opportunities in the region, please do not hesitate to contact us.

Your Summit database is continuing to grow, every single day. We can help you reduce your costs and improve the performance of your Summit system even as your trading volumes increase. Please take a look at the latest brochure for our PuriPhi Summit Archiving Solution and get in touch for your bespoke Summit data analysis report.

Have you maximised the performance of your Fusion Summit system?

Are you paying up to 80% too much for your Summit data storage? 

Do you have best practice data governance processes in place?


Click here to discover more


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.

Click here to download our latest brochure


We are very pleased to announce that the opening of our new branch in Dublin has been closely followed by our new entity in Switzerland to support clients old and new, and a growing local employee base.

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.

At the European Summit User Group last Friday 29th November 2019, Finastra announced the products partnership with Phi Partners 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 Partners representative for further information on PuriPhi or to arrange a demo.


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

Phi Partners 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.

This month Phi Partners celebrates our 15th birthday. Thank you for being part of our story!

A note from our CEO, Des Stockdale:

On Friday 18th October, Phi Partners celebrated its 15th birthday.

From day one Phi Partners 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 Partners 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 Partners, 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!


Phi Partners was delighted to be a Silver Sponsor of Finastra’s Global Sales Kickoff 2020 in Gothemberg last week.

The focus at Finastra is very much on “platformification” and the FusionFabricDotCloud framework, with not just a clarity of vision and strategy, but also some concrete advances in this space: delivering tangible benefit to clients in the US.  There is a strong emphasis on partner collaboration, which we are always happy to hear!

In between the scheduled presentations there was a good buzz around our products partnership for PuriPhi, our online Summit data archiving platform.

Our COO, Helen Saunders, and Head of Product Development, Joerg Lipinski, will be spending more time over the next few weeks with the relevant teams at Finastra to explore FFDC collaboration and extending our PuriPhi services to North America and APAC.   Watch this space!

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.


– 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


More than a decade ago, Phi Partners 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 Parnters 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 a 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

Phi Partners was pleased to once again participate in the European Summit User Group on 15th-16th November in London.

As usual, upgrades were a hot topic. We were delighted to present our most recent upgrade experience and to discuss Phi Partners’s proven methodology for Summit upgrade projects. Phi Partners participated in a plenum session as representatives of a major Swedish bank for whom we are delivering an upgrade to V6.1 together with a Linux conversion, as well as having the opportunity to discuss Europe’s first successful V6.1 upgrade delivered for a specialist German bank with major support from Phi experts.

Further topics were the new V6.1 deployment model, the Summit Roadmap, in-depth presentations on FusionRisk, FusionCapital Regulatory Reporting, and Security Finance Workstation on FusionInsight, as well as round tables on Summit Test Automation, MiFID Reporting, Pricing & Risk, and Summit Upgrades.

We are happy to announce that the quality of our facility, infrastructure and procedures in our nearshore delivery centre in Bucharest is now officially recognised.  Our service portfolio including software development and consultancy is now certified under ISO 9001:2015 and ISO 27001:2018.

Phi Partners are pleased to add to their substantial Summit Training catalogue with three brand new courses for 2018:

Summit V6.x – the Delta (Technical)

All changed technical aspects of your new 6.x version compared to your previous version, including architecture Changes (CORBA to JMS), configuration and operations.

For Developers and Technical staff.

Summit V6.x – the Delta (Functional)

What’s functionally new in your 6.x version compared to your previous version, front-to-back.

After review of your specific functional focus we will customise our course material to train you in all changed features (both for functionality you use, and functionality now available to you).

For Business Users and Summit IT staff.

Technical Concepts for non-Developers

A slimmed down set of our technical training modules for non-technical staff, providing an overview of technical setup and Summit extendibility – focusing on what’s possible and explaining the principles of development without a requirement for programming expertise.

– Summit Infrastructure Overview
– Navigating the Technical / Development Environment
– Navigating the Database
– Simple scripting for BA’s
– What’s possible with API development
– Concept of Metadata and data model Extension Process
– Technical view of STP and STP Extension Concepts
– What’s possible with GUI Development
– Concepts of Product Integration
– Overview of State Transition Diagram and Extension Process

Phi Partners have been providing functional and technical Summit training for more than 10 years.  We have a comprehensive training catalogue but our material is ALWAYS customised to your business workflows and your client Summit environment.  Contact us for more information on our unique approach to Summit training – we don’t expect to be beaten on quality or price!

Phi is delighted to have completed the first ever installation of Summit 6.0 in Europe together with service-partner IBM. Comments Phi Partners’ Head of Vendor Technology Consulting, Dirk Apel: “Our on- and nearshore expert team have delivered a flawless Summit 6.0 implementation, for an important German financial institution.”