Infosys collaborates with Commerzbank to transform its trading ecosystem
Infosys on Tuesday announced that it has collaborated with German-based lender, Commerzbank, and Murex, which provides trading, risk management and processing solutions for capital markets to digitally transform the bank’s business processes and IT landscape
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Bengaluru, 28 May: Infosys on Tuesday announced that it has collaborated with German-based lender, Commerzbank, and Murex, which provides trading, risk management and processing solutions for capital markets to digitally transform the bank’s business processes and IT landscape.
The company in a release said the joint project has enabled Commerzbank to consolidate FX, FX derivatives, equity, and commodities onto Murex’s integrated MX.3 platform. Post its implementation, operations are simplified, cutting costs, and speeding up time to market.
Within the project, Infosys supported Commerzbank in optimizing utilization of Murex's comprehensive suite of solutions and services and carried out development, integration, testing & migration, alongside go-live and aftercare support.
Post this collaboration, Commerzbank’s trading operations saw substantial improvements. It also helped in the simplification of their technology landscape, while reducing the cost.
Commenting on the collaboration, Sebastian Kauck, CIO Corporate Clients of 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 to its success. The new setup enables Commerzbank to significantly enhance process efficiency and simultaneously reduce costs. Additionally, it lays the foundation for future business growth as adapting to market changes can be done more swiftly.”
“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,” Dennis Gada, Executive Vice President, and Global Head of Banking & Financial Services at Infosys.
