SYNECHRON
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.
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.
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.
Commenting on the launch, Valerio Roncone, Head Future Business, Securities & Exchanges, SIX said:
« The collateral management process has – until now – been fragmented and unwieldly for many stakeholders. With our new Triparty Agent, we have created a hub that will harness the power of automation and intelligent data usage to give repo professionals, traders, treasury professionals, and other stakeholders full control over their collateral. Through this technology, manual tasks like monitoring and adjusting will no longer require attention, and professionals can focus on what matters: driving efficiency, accountability, and accuracy. »
Key success factors
One of the project’s key factors for success is the close collaboration between the three companies: SIX, Calypso and Synechron. Also, for the integrator and vendor, working hand in hand is crucial when it comes to solving problems that inevitably arise in such a major project.
Synechron’s Calypso Center of Excellence was also made available for essential training to onboard new starters. Regular short-distance trips between Zurich and Serbia and daily video-conferencing sessions with no time difference helped develop team spirit rapidly among all the participants.
« We, together with the Swiss Stock Exchange and backed by our partner Calypso, are very proud to have contributed to the success of this innovative and major project for the Swiss financial infrastructure. The project combines all our financial software implementation expertise acquired over the years. We are confident and excited about phase 2 of the project which has already begun » added François-Bernard Mizrahi, Managing Director of Synechron.
About SIX
SIX operates and develops infrastructure services in the Securities & Exchanges, Banking Services and Financial Information business units with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss financial center. The company is owned by its users (122 banks). With a workforce of some 2,600 employees and a presence in 20 countries, it generated operating income of CHF 1.13 billion and Group net profit of CHF 120.5 million in 2019.
About The Swiss Stock Exchange.
The Swiss Stock Exchange combines the dynamism of Europe’s 2nd biggest stock exchange* with the stability and reliability of one of the industry’s most respected post-trade service providers. Covering the entire securities value chain, The Swiss Stock Exchange is your single source for Listing, Trading and Post-Trade services, as well as the gateway to the future of value exchange with the SIX Digital Exchange.
It offers outstanding liquidity in trading of Swiss securities and connects companies from around the world with international investors and trading participants. The Swiss Stock Exchange blends the geographical advantages of the Swiss financial center with world-class services making it the ideal listing location for companies of every origin, size and sector.
The Swiss Stock Exchange offers comprehensive services in the areas of securities trading, clearing, settlement, Swiss & international custody, securities finance, collateral management and tax services. The Swiss Stock Exchange is part of SIX which also owns the Spanish BME and provides global financial information and Swiss banking services.
*By free float market cap as at 1 April 2020
About Synechron
Synechron is a leading Digital IT Consulting firm for financial services, Accelerating Digital for financial institutions by 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 over $500+M in annual revenue. For more information please visit the our LinkedIn community.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200630005068/en/
Link:
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
30 Peer-Reviewed Studies Highlight Statistically Significant Health Benefits of Almased16.7.2025 09:15:00 CEST | Press release
Two recent, peer-reviewed clinical studies have found that Almased, a high-protein, low-glycemic meal replacement, delivers significant health benefits ranging from weight loss and improved metabolic health to anti-aging effects and enhanced quality of life. Both reviews synthesize 30 peer-reviewed clinical studies across three decades of scientific research, confirming that Almased is effective and safe for weight reduction, preservation of lean muscle mass, and cardiovascular health. The 2025 review in the American Journal of Biomedical Science & Research highlighted Almased’s efficacy and safety for wide groups of people including individuals seeking weight loss, those with metabolic syndrome or fatty liver, older adults needing to preserve muscle mass, and athletes or healthy-weight individuals who require additional high-quality protein. This review also discusses how Almased’s patented fermentation process produces over 80 bioactive peptides, including 2 times the average daily i
The Future of Connectivity Starts Here: Network X Returns to Paris October 14 - 1616.7.2025 09:00:00 CEST | Press release
Show Reconvenes at Paris Expo Porte de Versailles with Global Representation of Industry Leaders and Telco Experts Network X 2025 - the only event that brings the fixed and mobile markets together - returns to Paris Expo Porte de Versailles October 14 - 16. Built for telecom's top players, this annual show drives business model innovation and monetisation of next-generation fixed, mobile, satellite and transport networks through AI and cloud. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250716595903/en/ Speaker on Headliners Stage at Network X 2024 New to Network X in 2025 are specialty events designed to deliver expert insights on trending topics including Data Center World and two Expo Stages for Fixed-Line and Mobile. More than 5,500 telco network infrastructure professionals will gather alongside 1,500 telcos to learn from six program tracks highlighting the latest advancements in Fibre, Wi-Fi Networks and Services, IP
Skechers AERO Series Opens New Chapter of Technical Running Innovation16.7.2025 09:00:00 CEST | Press release
New Collection Features an Evolution in Design that Cuts Through the Wind for That Aerodynamic Feel on Every Run Skechers Performance opens a new chapter of running innovation with the arrival of the Skechers AERO series. Named for the aerodynamic feel of the design, Skechers AERO represents the latest evolution of technical running shoes from the brand. The collection is engineered to deliver an exhilarating blend of speed, style and comfort to help runners cut through the wind and push beyond their personal bests while logging miles. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250716754749/en/ Introducing the Skechers AERO Series of technical running shoes: Skechers AERO Burst, Skechers AERO Spark, and Skechers AERO Tempo (L-R). “Recently launched in North America and Asia, the AERO Series leverages innovative technologies to elevate our signature comfort that’s now available to runners in Europe,” said Ben Stewart, Vic
4Moving Biotech Enrolls First Patient in Phase 2a Trial of 4P004, a Potential First-in-Class GLP-1 Therapy for Knee Osteoarthritis16.7.2025 07:00:00 CEST | Press release
- First patient enrolled in INFLAM MOTION, a global randomized Phase 2a trial including 129 knee osteoarthritis patients - 4P004 to be evaluated over 3 months for dual efficacy: symptom relief and synovial health improvement via contrast-enhanced MRI - Topline results expected in the second half of 2026 4Moving Biotech (4MB), a spin-off of 4P-Pharma dedicated to developing first-in-class treatments that modify the natural course of knee osteoarthritis (OA), today announced that the first patient has been enrolled in Phase 2a clinical trial, INFLAM MOTION. The study will evaluate 4P004, an intra-articular GLP-1 analog, as a potential first-in-class therapeutic candidate for knee osteoarthritis. INFLAM MOTION is a multicenter, randomized, double-blind, placebo-controlled Phase 2a trial planned to be conducted across Europe, the United States, and Canada. A total of 129 patients worldwide diagnosed with knee OA will be enrolled to evaluate, for the first time in humans, the efficacy of 4P
Belkin Achieves Qi2.2 Certification for Its Upcoming Products, Unlocking the Future of 25W Wireless Charging15.7.2025 19:06:00 CEST | Press release
With Qi2.2 certification, Belkin reinforces its commitment to quality, safety, and performance for the next generation of wireless charging Belkin, a leading consumer electronics brand for over 40 years, today announced it has received official Qi2.2 certification from the Wireless Power Consortium (WPC) for its upcoming products. As one of the first accessory brands to deliver Qi2.2-certified devices, Belkin is helping bring the next generation of wireless charging to market – enabling faster wireless charging speeds, broader compatibility, and improved performance for consumers. Belkin’s close partnership with the WPC since 2015 has been instrumental in bringing these advancements to consumers. As an early adopter and long-time contributor to WPC standards, Belkin was selected as one of a small group of trusted manufacturers to test and certify Qi2.2 products ahead of the broader industry rollout. All Belkin products undergo rigorous safety, quality, and performance testing. The comp
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom