Hyperon (previously MPP - Parametric and Product Module) is a system, which when attached to any given architecture, takes over configuring its processes, algorithms, calculations or financial products. In financial institution it enables centralization of products’ management as well as performing financial simulations. The system will work exquisitely with any IT solution which will, thanks to Hyperon, be easier in its construction and be more flexible.
In financial and insurance sector the business has to react promptly, almost instantly, to the changes on the market which are not to be foreseen throughout the process of software creation.
The solution is managing business logic in a separate application where e.g. tariff and algorithm changes is only a few clicks which are being implemented in the system immediately, even though there is no modification in the source code. Thanks to that the process of implementing the change is shortened from weeks to only a few seconds.
Crucial for business logic management, thus product construction, is defining parameters which contain information concerning e.g. price engine or tariff. The word ‘parameter’ may refer not only to a single value but also to a complex function or data table of tens of thousands of records in which there are interdependencies.
Hyperon has a history of previous version which means that in case of any mistake it can be easily recovered. In addition, there is a simulation environment thanks to which it is possible to locally test the whole application with a new business logic before the change is officially introduced in production.
Hyperon can be used in many ways, however we recommend it to be used mostly when you are dealing with an advanced business logic which is constantly being changed. In such a situation the benefits of using the system are visible the most because not only the speed of changes counted in seconds is impressive but also decrease of costs of maintenance as well as the risk of errors in the code.
Thanks to intuitive graphic interface Hyperon system service is not only for programmers and IT employees. Parameters and logic management may be conducted successfully by business users responsible for product construction (e.g. by actuaries). The way of defining the product can be based on tables and scripts which reflect mathematical formulas.
Obviously there is an opportunity of much more complex configurations, where in business logic there may be hard-wired advanced scripts, score code of programming in the form of plug-in written in other languages as well as the method of communicating with other systems in a ‘black box’ model (e.g. through web-service).
Examples of use
In insurance business Hyperon may be used as a tool which task is to:
Benefits of the system
Hyperon relies on fast and easy management of a complex business logic, which it achieves thanks to following traits:
The greatest value of Hyperon system is its extensive flexibility and short time-to-market of implementing new products as well as minimum overhead on IT works, in many cases tested down to zero.
Hyperon cooperates very well with other systems because all configurations and calculations are disclosed in the form of services and third systems’ plugs.