Commerzbank has moved to simplify and streamline its cross-asset buying and selling with a migration onto Murex’s MX.3 platform.
The financial institution has migrated its foreign currency, commodities, derivatives, and equities onto the platform in a bid to simplify possibility and buying and selling.
Now finished, the pair mentioned the migration would lend a hand Commerzbank reach industry “growth, consolidation, modernisation, and digitalisation” via bettering velocity to marketplace and optimising efficiencies.
TeamTek and Infosys assisted within the migration.
“The a hit platform consolidation is a big fulfillment,” mentioned Sebastian Kauck, Commerzbank’s CIO for company shoppers.
“During this undertaking, the collaboration of our interior groups with Murex, TeamTek and Infosys has all the time been an integral a part of its luck. The brand new setup allows Commerzbank to seriously beef up procedure potency and concurrently scale back prices. Moreover, it lays the root for long term industry expansion as we will be able to extra hastily adapt to marketplace adjustments.”
Commerzbank showed it’s set to proceed to leverage Murex’s platform for long term expansion and strategic projects.
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