Calypso’s Project Simplify

Cuts costs and adds business value

Table of contents

The clock is ticking — plan your Calypso upgrade now 03

Project Simplify 04

Upgrade your Calypso experience 05

The Luxoft Project Simplify accelerator 06

Four success stories 08

Calypso’s Project Simplify | luxoft.com 2

The clock is ticking —
plan your Calypso upgrade now
Calypso technology is used by more than 35,000 professionals in around
180 financial institutions and over 60 countries. Keeping your version
of this mission-critical software updated helps you maintain your
operational efficiency.

What’s holding you back? Partner with Luxoft — the Calypso

experts
To a certain extent, this is understandable because
upgrading disrupts day-to-day business and can be a Luxoft is a global Calypso Alliance Partner and market
real headache — you need a full team to run the project, leader for the implementation, integration, upgrade
reinstall and retest everything, coordinate with users, and support of Calypso applications. Our talented
etc. Also, sophisticated platforms like Calypso are highly consultants and engineers have been executing Calypso
customizable — they have to be, to cater for complex projects for more than 9 years, providing the full
financial products like derivatives and so on. And the spectrum of solutions and services for developed and
more customized the platform, the more complex, emerging financial markets. We have an enviable track
time-consuming and resource-heavy the upgrade. record:
The fact is, regardless of whether Calypso clients are
working with a standard legacy version or a highly • 80,000 man-days of Calypso implementations
customized one, failing to upgrade is rocketing the cost delivered
of ownership for the majority of users.
• 85+ seasoned Calypso professionals
It’s also worth being aware that Calypso may move away
from supporting old versions in the future, meaning • 8+ years average Calypso experience of our
some clients could find themselves having to manage consultants
expensive, end-of-life software.
Our Calypso clients include investment banks, clearing
houses, hedge funds, insurance firms, brokerage firms
Upgrade your business potential with and corporate treasuries.
Calypso’s Project Simplify

Fortunately, Calypso has introduced Project Simplify.

And, to help you become fully Project Simplify
compatible, Luxoft has developed an accelerator
framework and robust toolkit. Now you can afford to
get back to operating a state-of-the-art Calypso platform
at full capacity, with maximum functionality and a
minimum of fuss.

Calypso’s Project Simplify | luxoft.com 3

Project Simplify
Project Simplify reinvents the way Calypso delivers version-management model provides a monthly cycle of
important security patches, software enhancements small releases, plus a major new version every 2 years.
and major technological innovations. Now your teams can benefit from working with the
very latest Calypso developments via more agile, more
Following a one-off upgrade to a Project Simplify frequent and less costly software upgrades.
compatible version, the company’s new

A simplified way of upgrading Calypso

Change and impact assessment largely automated

Smaller and more frequent upgrades

Automation across the breadth of the development lifecycle

Custom code — best practice adoption

New functionality adoption

Support for evergreening of the platform

What if you choose not to adopt Look what you’d be missing

Project Simplify?
For instance, let’s say you’re on Version 15. In the 4 years
If you decide not to upgrade with Project Simplify, since you deployed, Calypso has added reams of new
you may find yourself in a position where you need to functionalities, accelerated performance and taken
negotiate extended support agreements should Calypso the user experience to another level altogether. Going
withdraw support for old versions down the track. forward, with Project Simplify you’ll get all the benefits of
the software vendor’s ongoing technological investment,
as standard.

Calypso’s Project Simplify | luxoft.com 4

Upgrade your Calypso experience

Previous customer experience Previous Calypso experience

Bespoke deliveries Multiple versions

Long upgrades Old and unique code

Missing Calypso evolutions Duplication efforts

Software risk

Customer’s Simplify experience

TCO reduction opportunities

Improved software quality

Improved agility

Reduced risk

Evergreen Calypso platform

Calypso’s Project Simplify | luxoft.com 5

The Luxoft Project Simplify accelerator
Luxoft has already delivered several Calypso upgrade projects, including
upgrades to v16+ (aka the “Project Simplify compatible version”). Over
time, we’ve gained deep knowledge of the platform and developed best
practices for migration across different versions. Having embedded the
methodology, we’ve established a framework and toolkit to help you
along your three-step Project Simplify journey.

Three steps to Calypso consistency

One-off upgrade to
Project Simplify compatible Step one:
Step 1 version. Test automation 3-9 months
preparation
The first big step takes you from where you are now
to a Project Simplify compatible version
(e.g., v14.0 to v16.1). Automatic installation
Project Simplify upgrade

This extensive upgrade is central to the project’s success Artifacts comparison

and requires a holistic approach to infrastructure,
custom-code refactoring, DevOps and test automation.
Custom code refactoring
It also prepares your business for rebasing. Luxoft has
the toolkit and expertise to reduce the complexity and
duration of this step. We use automation to complete a Hardware/software verification

comprehensive refactoring of the development lifecycle,

Step two:
providing a validated and automated regression test Automated validation and UAT 2-4 weeks
pack.

Automated regression

Step 2
Automated NFT

Now you can take small rebase steps

between major releases.

Once you‘re on a Project Simplify compatible version, The tools include thorough, automated functional
you’ll begin to benefit from Calypso’s monthly releases, testing, non-functional testing (often overlooked) and
should you choose to do so. Upgrades can take as little help with building rebase practices’ new agile model.
as 5–6 days (depending on your testing automation
and DevOps maturity levels) assuming you employ
the extensive range of Luxoft tools which cover the
application and technical environment.

Calypso’s Project Simplify | luxoft.com 6

Step 3

The final step upgrades your Calypso application

to a major new version every 2 years.

Regular rebasing leveraging Calypso’s monthly release

cycle makes it much quicker and easier to upgrade to
future, major new versions.

Luxoft Project Simplify accelerator building blocks

Target version Infra and system Calypso Custom

16.1.0.35 config release code
Installed? comparison notes analysis

System Functional Non-functional

test regression test
test

Calypso’s Project Simplify | luxoft.com 7

Four success stories
Calypso upgrade from v14.2 to v16.1 Calypso upgrade from
v14 to v16 — treasury and investments
Challenge:
A major ANZ bank was running a heavily customized Challenge:
system to meet market and regulatory requirements. A large Eastern European investment bank had
Use of the hedge accounting system and a collateral decentralized teams running more than 10 parallel
management module further complicated the upgrade. Calypso projects to implement multiple financial products.
They needed end-to-end testing and a test automation
Solution: framework driven by the customer, plus greater access for
Luxoft’s experienced Calypso consultants engaged with business users and product implementation teams.
users and the in-house IT team to secure a smooth
transition. Also, they helped implement the Calypso Solution:
Automated Testing Tool (CATT) which was used widely Luxoft provided the testing requirements aligned
to automate trade scenarios and compare EOD with Calypso specifics, detailed test scenarios library
outputs. preparation (HP, ALM, JIRA). We established CI/CD
processes and full documentation.
Benefits:
• Best-practice advice Benefits:
• Trusted delivery partner with skills and expertise • 25% annual cost savings for manual resources
• Increased stability, predictability and scalability for • Single test library and full documentation for delivered
the project and production instance processes
• CI/CD processes established

Calypso upgrade from v11.0 to v14.4 Back-office consolidation, collateral

management and IOSCO regulation
Challenge:
A multinational aerospace corporation with a highly Challenge:
complex and customized Calypso version — including A major multinational bank needed to redesign their
some unusable elements — needed upgrading within end-to-end collateral process, sunset legacy applications
a tight time frame. and consolidate the application stack. Also, delivery of
the collateral management module (supporting their
Solution: strategic change initiative) on a fixed cost basis, plus
Luxoft’s expert consultants (experienced in Calypso connectivity to industry utilities.
development, upgrades and testing) worked with the
in-house IT team to ensure a smooth transition to the Solution:
new operational version. Luxoft implemented the simplified target state for
collateral management. This involved delivering the
Benefits: collateral module on Calypso v14.4 and integrating it
• Best-practice advice with AcadiaSoft’s MarginSphere.
• Trusted delivery partner with skills and expertise
• Increased stability, predictability and scalability Benefits:
from inception to project and production • Added skills and expertise to optimize the collateral
deployment management implementation
• Faster time to market for the implementation project
• Reduced TCO
• Increased testing coverage and automation

Calypso’s Project Simplify | luxoft.com 8

About the author
Ihyeeddine Elfeki
Global Lead, Trading and Risk Solutions

Ihyeeddine has 20 years’ international experience

delivering technology and business solutions to Capital
Markets and Financial Services, with proven success and
a track record of delivering optimal results in high-growth
environments through initiatives that exceed operational
performance targets and yield measurable outcomes.

In 2016, he joined Luxoft’s London office to lead the Trading

and Risk Solutions practice, first in EMEA and then globally.
He has led several deals with banks, asset managers,
treasury and commodity businesses, playing a key role in
guiding their transformation journeys.

luxoft.com/partners/adenza
linkedin.com/company/luxoft

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