Indian digital services and consulting company Infosys has partnered with German lender Commerzbank and trading, risk management and processing solutions firm Murex to modernise the trading ecosystem for the bank.
The partnership allows a successful go-live of a consolidated, unified trading platform that optimises Commerzbank’s business processes and IT landscape.
According to the Indian company, the joint project has allowed the bank to unify foreign exchange (FX), FX derivatives, equity, and commodities onto Murex’s integrated MX.3 platform.
This will simplify Commerzbank’s operations as well as allow it to reduce costs, expedite time to market and prepare for future challenges.
In the project, Infosys assisted Commerzbank in streamlining the use of Murex’s extensive portfolio of solutions and services.
The digital services and consulting company handled development, integration, testing, and migration for the German bank. It also offered go-live and aftercare support.
Infosys executive vice president and banking and financial services global head Dennis Gada said: “This consolidation has empowered Commerzbank to improve time to market, streamline operations, simplify the current technology landscape, promote standardisation, and effectively manage regulatory changes while cultivating sustainable growth.
“This transformation has paved the way for future modernisation and digitisation of the bank.”
Infosys said that the partnership has significantly improved Commerzbank’s trading operations and simplified its technology landscape.
It has also cut the costs associated with managing multiple servers and platforms, laying a foundation for business growth and scalability.
Commerzbank corporate clients chief information officer Sebastian Kauck said: “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.”
