Infosys announced today that it collaborated with Commerzbank, a German bank, and Murex, a trading and finance software company, to create a new system for transforming the trades ecosystem.
This new system integrates different types of trades, such as currency, stocks, and commodities, onto one platform, making it easier and cheaper for the bank to manage its business.
Infosys helped Commerzbank use Murex’s software more effectively. They developed the system, tested it, and ensured it worked well after launch.
Commerzbank consolidates FX, FX derivatives, equity, and commodities onto Murex’s integrated MX.3 platform, simplifying its operations, cutting costs, speeding up time to market, and preparing for future challenges.
Through this collaboration, Commerzbank can do its trading more efficiently, saving time and money.
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.”
“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 & 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 transformation has paved the way for future modernization and digitization of the bank.”
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