We present an implementation of a truncated unity parquet solver (TUPS) which solves the parquet equations using a truncated form-factor basis for the fermionic momenta. This way fluctuations from different scattering channels are treated on an equal footing. The essentially linear scaling of computational costs in the number of untruncated bosonic momenta allows us to treat system sizes of up to 76x76 discrete lattice momenta, unprecedented by previous unbiased methods that include the frequency dependence of the vertex. With TUPS, we provide the first numerical evidence that the parquet approximation might indeed respect the Mermin-Wagner theorem and further systematically analyze the convergence with respect to the number of form factors. Using a single form factor seems to qualitatively describe the physics of the half-filled Hubbard model correctly, including the pseudogap behaviour. Quantitatively, using a single or a few form factors only is not sufficient at lower temperatures or stronger coupling.

19 pages, 20 figures