Infosys, a global leader in next-generation digital services and consulting, recently collaborated with Commerzbank, a leading German bank, and Murex, the global leader in trading, risk management, and processing solutions for capital markets. Together, they achieved a successful go-live of a consolidated, unified trading platform that streamlines Commerzbank's business processes and IT landscape.
Commerzbank consolidated FX, FX derivatives, equity, and commodities onto Murex's integrated MX.3 platform. This move simplifies operations, cuts costs, speeds up time to market, and prepares the bank for future challenges. Infosys' Role in this is to support Commerzbank by optimizing the utilization of Murex's comprehensive suite of solutions and services. Infosys handled development, integration, testing, migration, go-live, and aftercare support.
The platform consolidation significantly enhances process efficiency and benefits Commerzbank. It simplifies the technology landscape, reducing the cost of managing multiple servers and platforms.
The transformation lays the foundation for future business growth and scale.
Sebastian Kauck, CIO Corporate Clients at Commerzbank, emphasized the collaboration's success. He stated that the new setup enables Commerzbank to enhance process efficiency while simultaneously reducing costs. It also positions the bank for future business growth and swift adaptation to market changes.
Luc Testud, Murex Managing Director for Central Europe, expressed pride in supporting Commerzbank's model simplification journey. The integrated cross-asset platform accelerates innovation and enables further steps in digitalization².
Dennis Gada, Executive Vice President and Global Head of Banking & Financial Services at Infosys, expressed delight in collaborating with Commerzbank. The consolidation empowers Commerzbank to improve time to market, streamline operations, promote standardization, and effectively manage regulatory changes while fostering sustainable growth.
This transformation paves the way for future modernization and digitization of Commerzbank's trading ecosystem.
Advertisements