The bank contacted Capco because of our unique financial services consulting expertise, and 20+ year track-record in delivering Murex projects.
MUREX MX.3 USER MANUAL SOFTWARE
Many banks are making the move to MX.3, a multi-award-winning software platform by Murex that serves over 50,000 financial services users across businesses’ trading, hedging, funding, risk management and processing operations worldwide. On top of increasing liability of ownership, they must keep up with neobanks and fintechs, who are typically unencumbered by such challenges. Incumbent banks operating on costly and ageing infrastructure are particularly feeling the pressure.
The global financial landscape is constantly evolving, with new tech innovation, market entrants, customer and regulatory expectations. Today, we continue to support the bank as part of our Murex Factory Approach, which helps firms make regular changes and adjustments in the Murex system to reduce large development and testing costs. With our help, the bank was not only able to implement MX.3 but an organization-wide change-management program which significantly streamlined business activities while eradicating IT risks and work duplication and enabling significant cost savings. The client in question, a large German subsidiary bank, had been using Murex’s previous generation software, MxG2000 for many years and was looking to migrate to the company’s newest platform, MX.3.
Back in 2014, Capco embarked on one of the banking industry’s biggest MX.3 installations.
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