Synechron is proud to share in the success of the launch of the brand new Calypso implementation for SIX, the Swiss financial services provider that also operates the Swiss Stock Exchange. Synechron was chosen as systems integrator in collaboration with Calypso for the Swiss Stock Exchange’s SFR (Securities Finance Renewal) project which aims to modernize the post-trade services process that the exchange, as a triparty agent, offers its clients.
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This innovative project (the first Calypso implementation to manage a triparty agent activity) is divided into two phases and delivery on 15 June 2020 marks the end of phase 1.
The project includes teams from SIX, Calypso and Synechron working in close collaboration and with Synechron notably using its European Delivery Center in Novi Sad (Serbia) to provide some of the team members.
« As a certified Calypso partner, Synechron gave us access to its considerable expertise and knowledge of Calypso’s methodologies and best practices and a strong working relationship with the vendor, which was a key success factor for this extremely important project » explained Nerin Demir, Head of Securities Finance & Market Data at SIX.
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A full and innovative implementation
From the outset, Synechron and Calypso consultants were present at all stages of the project: development, implementation, test campaigns with clients, launch and production support. This teamwork made agile delivery of the Calypso implementation possible, using development and configuration best practices to ensure easy maintenance of the platform for SIX.
In addition to the development and configuration teams, Synechron also set up a dedicated quality team in Serbia, allowing the other consultants to focus on the project’s business aspects. Synechron also participated in some front-end web development for external users.
