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Commerzbank ties up with Infosys & Murex to upgrade trading ecosystem

By Gloria Methri

May 28, 2024

  • Commerzbank
  • Digital Transformation
  • equities
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Commerzbank, FX, FX Derivatives, Equities,  Commodities, Murex, MX.3 Platform, FinTech, Germany, EuropeInfosys has collaborated with Germany’s Commerzbank and Murex on a successful go-live of a consolidated, unified trading platform that streamlines the bank’s business processes and IT landscape.

This joint project enables Commerzbank to migrate its FX, FX derivatives, equity, and commodities onto Murex’s integrated MX.3 platform, thereby simplifying its operations, cutting costs, speeding up time to market, and preparing for future challenges.

Within the project, Infosys supported Commerzbank in optimizing the utilization of Murex’s comprehensive suite of solutions and services. Through this collaboration, Commerzbank’s trading operations saw substantial improvements. It also helped simplify their technology landscape while reducing the cost of managing multiple servers and platforms, ultimately laying the foundation for business growth and scale.

Sebastian Kauck, CIO of Corporate Clients, Commerzbank, said, “The successful platform consolidation is a major achievement after three years of hard work. Throughout this project, the collaboration of our internal teams with Murex, Infosys and other external partners has always been an integral part of its success. The new setup enables Commerzbank to enhance process efficiency and simultaneously reduce costs significantly. Additionally, it lays the foundation for future business growth as adapting to market changes can be done more swiftly.”

“Murex is proud to support Commerzbank in this model simplification journey,” said Luc Testud, Murex Managing Director, Central Europe. “This creates the opportunity for future expansion through an integrated cross-asset platform, accelerating time to market to innovate and enabling further steps of digitalization.”

Dennis Gada, Executive Vice President and Global Head of Banking and Financial Services at Infosys said, “We are delighted to collaborate with Commerzbank on their digital transformation journey towards a unified Murex platform for multiple asset classes. This consolidation has empowered Commerzbank to improve time to market, streamline operations, simplify the current technology landscape, promote standardization, and effectively manage regulatory changes while cultivating sustainable growth. This transformation has paved the way for future modernization and digitization of the bank.”

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