Nasdaq GlobeNewswire

Synechron signs a Calypso implementation deal with SIX Group, the financial services provider and Swiss Stock Exchange infrastructure operator


PARIS, LONDON, AMSTERDAM, the Netherlands, NEW YORK and PUNE, India, July 19, 2017 (GLOBE NEWSWIRE) -- Synechron, a global financial services consulting and technology services provider, has signed a Calypso implementation agreement with the SIX Group Ltd., a financial services provider and Swiss Stock Exchange operator. Synechron was selected as systems integrator for the implementation of Calypso v15, the SFR (Securities Finance Renewal) Program, in collaboration with Calypso. The objective of the program is to update SIX's post-trade services where it acts as a contractual Triparty agent for its clients to enhance its Triparty collateral management services.

This innovative project is the first implementation where Calypso is being used to manage contractual Triparty agent activities. The project has been divided into two phases with the first to launch in January 2017. It is scheduled to last two years and will employ a total of forty staff from SIX, Calypso, and Synechron in 2017-2018.

"Synechron is a certified Calypso partner, which gives us access to considerable expertise and concrete Calypso implementation experience. Furthermore, Synechron already is working with Calypso in Switzerland, notably on collateral management implementation, which gives them highly relevant subject matter expertise," said Robert Bornträger, Division CEO of SIX IT who is responsible for the development and operation of SIX's IT Services since 2008.

Project scope and production support

The first team of twelve Synechron consultants was deployed on the SIX project during the first quarter of 2017. A portion of the team works on site while the rest is based at Synechron's European Delivery Centre in Serbia. Synechron's team of onsite and Serbia-based consultants have joined forces with staff from SIX and consultants from Calypso to work together to manage the project, integrate Calypso into SIX's systems, and build a testing and a production support team. Moreover, Synechron will play an important role in providing SIX staff with training covering the technical and functional aspects of Calypso. The project also includes a significant digital services offering which gives SIX clients access to the functionalities of the SFR project through their own infrastructures. 
A strategic and cultural fit

Synechron was chosen by SIX among four companies following a competitive call for vendors during 2016. "We are extremely pleased to participate in this ambitious and innovative SFR project together with SIX and with the support of our partner Calypso. This project consolidates all the knowledge we have built up over the past few years in terms of financial software integration including our expertise in collateral management," added Pascal Rellier, Managing Director, Synechron.

In addition to being a Calypso Alliance Partner, one of Synechron's key assets is the existence and strength of its Calypso Centre of Excellence with more than 50 Calypso experts in Europe able to provide in-house training with the Calypso Campus program. The Centre of Excellence was created in 2015. 

Furthermore, SIX has found a strategic partner in Synechron: "One of SIX's fundamental values is to foster working relationships with its suppliers that are based on trust. Synechron has shown its commitment to building a long-term partnership with us," added Roger Oehen, in charge of the SFR project at SIX.

About SIX

SIX operates the infrastructure underpinning the Swiss financial sector and offers a comprehensive range of services around the world in the fields of securities trading and settlement, financial information and payment transactions. The company is owned by its users (approximately 130 banks of various orientation and size). Its workforce of over 4,000 employees and presence in 25 countries throughout the world generated operating income of CHF 1.8 billion and a Group net profit of CHF 221.1 million in 2016.

About Synechron

Synechron is a global consulting and technology organization providing innovative solutions to the financial services industry through its three main business focus areas: digital, business consulting, and technology. Based in New York, the company has 18 offices around the globe, with over 8,000 employees producing more than $500M in annual revenue. If you would like to find out more about the company, please visit the website or our LinkedIn community.

For any further information please contact: 

SIX Group Contact 
Jürg Schneider
Deputy Head Media Relations
Tel.:+41 58 399 2129

Synechron USA
Diana Kearns-Manolatos
Senior Director, Marketing
m: +1 347-721-8223

Synechron Europe 
Karin Bendayan
Marketing Director
Tel: + 33 1 42 65 92 54

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Synechron via Globenewswire

Om Nasdaq GlobeNewswire

Nasdaq GlobeNewswire
Nasdaq GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

+1 212 401 8700

NASDAQ (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents.

Følg saker fra Nasdaq GlobeNewswire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Nasdaq GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Nasdaq GlobeNewswire

Nitinat Provides Update on the Carscallen Gold Property19.3.2018 21:30Pressemelding

TORONTO, March 19, 2018 (GLOBE NEWSWIRE) -- Further to its press release dated March 12, 2018 whereby Nitinat Minerals Corp. (the "Corporation") (TSX-V:NZZ) (Frankfurt:04U1) announced its option to acquire four (4) additional claims (collectively, the "Claims") abutting the western boundaries of the Corporation's current mining claims in Carscallen Township, Ontario (the "Carscallen Gold Property"), the Corporation is pleased to provide additional information pertaining to the Claims. The Corporation intends to implement an exploration program for the Claims to fully explore the potential of the Claims. The "preliminary technical appraisal" provided herein, along with the geophysics that the Corporation intends to undertake, will identify potential drill targets. The property encompassing the Claims is of particular interest in that surface exploration to date on the Claims has shown the existence of historic surface mining and sampling. The Corporation is currently assessing the most

New Elemica Trace Solution Delivers Shipment Risk Analysis for Digital Transformation19.3.2018 13:09Pressemelding

Real-Time Information Matched with GPS Locations Provides Accurate Delivery Information WAYNE, Pa., March 19, 2018 (GLOBE NEWSWIRE) -- Elemica, the leading Digital Supply Network for process manufacturing industries, introduces Elemica Trace, a solution that provides real-time shipment and risk visibility to customer service, transport planners, and supply chain managers, allowing them to monitor and proactively manage the movement of products to customers and inbound to manufacturing centers. "Shipment disruptions occur and teams can spend hours manually tracking down what is happening. What's worse, sometimes your customer complaint is the first indication you have of a late shipment," said Rich Katz, CTO of Elemica. "Trace eliminates the time and stress of tracking shipments and enables your teams to increase the positive interactions with your customers." Elemica Trace uses shipment data, carrier signals, a geo-location interface, and predictive algorithms to identify shipments in

Resverlogix Exceeds Full Enrollment for the Pivotal Phase 3 BETonMACE Clinical Trial19.3.2018 12:00Pressemelding

The BETonMACE trial has now surpassed 2,400 enrolled patients and topline data is expected around the end of 2018 CALGARY, Alberta, March 19, 2018 (GLOBE NEWSWIRE) -- Resverlogix Corp. ("Resverlogix" or the "Company") (TSX:RVX) announced today that it has successfully surpassed the planned enrollment target of over 2,400 patients in the ongoing Phase 3 BETonMACE trial. The trial's first patient was enrolled on November 11th, 2015. The goal of the trial is to confirm the effect of Resverlogix' lead drug, apabetalone, in Cardiovascular Disease (CVD) patients with type 2 Diabetes Mellitus (DM) and low high-density lipoproteins (HDL). The primary endpoint of the BETonMACE trial is designed to establish a relative risk reduction (RRR) of Major Adverse Cardiac Events (MACE), narrowly defined as a single composite endpoint of cardiovascular death, non-fatal myocardial infarction (MI) and stroke. Secondary pre-specified endpoints in the trial will also examine renal function and MACE in patien

SolarWinds Places Highest on the Ability to Execute Axis in 2018 Gartner Magic Quadrant for Network Performance Monitoring and Diagnostics19.3.2018 11:30Pressemelding

AUSTIN, Texas, March 19, 2018 (GLOBE NEWSWIRE) -- SolarWinds, a leading provider of powerful and affordable IT management software, placed highest on the ability to execute axis in the 2018 Gartner Magic Quadrant for Network Performance Monitoring and Diagnostics1. This Gartner report evaluated 22 suppliers of Network Performance Monitoring and Diagnostics products. The firm's evaluation criteria for ability to execute included the following: product or service, overall viability, sales execution and pricing, market responsiveness and record, marketing execution, customer experience, and operations. Of all the vendors evaluated in the report, SolarWinds placed highest on the ability to execute axis. "For three years in a row, Gartner has positioned us as highest on the ability to execute axis in the Magic Quadrant for Network Performance Monitoring and Diagnostics. In our view, this result confirms our commitment to helping our customers manage their network operations with a powerful

Record High Number of Toll Transactions Cleared in Ireland in 201719.3.2018 10:51Pressemelding

ISSY LES MOULINEAUX, France, March 19, 2018 (GLOBE NEWSWIRE) -- The number of transactions processed through emovis's toll interoperability cloud-based hub in Ireland has reached a record high with over 50 million transactions cleared in 2017. Thanks to its toll interoperability solution, emovis is contributing to the improved mobility of millions of Irish drivers, by allowing them to travel seamlessly with just one toll tag across the whole country. As of January 2018, over 650,000 toll transponders are in use. With this new success, emovis demonstrates its leadership in designing and operating innovative mobility solutions that offer the best levels of service for road users in Ireland and throughout the world. About emovis was awarded the contract for managing Ireland's toll interoperability hub by the National Roads Authority (now Transport Infrastructure Ireland) in June 2013 following a competitive tender. As part of this contract, emovis designed, developed and is curre

Phenom People Set to Attend UNLEASH London19.3.2018 09:00Pressemelding

Candidate Experience Software Pioneer Attends UK Conference HORSHAM, Pa., March 19, 2018 (GLOBE NEWSWIRE) -- Phenom People, the leader in Talent Relationship Marketing (TRM), announced today that it will attend UNLEASH Conference & Expo on March 20-21 at the ExCel London. "We are no stranger to UNLEASH's strong turnout of highly passionate and forward-thinking individuals who are ready for the next big thing in technology. The inspiration and exchange of new ideas from the world's greatest thought leaders UNLEASH draws in every year, is what we look forward to the most," said Mahe Bayireddi CEO at Phenom People. "Our presence at this year's UNLEASH is vitally important as we continue to emerge as a global TRM leader with a growing list of European clients." UNLEASH, formerly HR Tech World, is held around the globe and was created to enhance the Future of Work by marrying technology with efficient business practices. UNLEASH London's speaker line-up consists of many big-league names inc

I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.

Besøk vårt presserom