Transforming Trade Operations for a Leading Global Bank
Trade operations are becoming increasingly complex. Financial institutions face the challenge of navigating fragmented IT systems, evolving regulatory requirements, and market volatility while ensuring efficiency and cost-effectiveness. Most banks and financial institutions rely on disparate trading platforms for foreign exchange (FX), equities, and commodities. This often leads to operational issues and increased maintenance costs. To stay ahead of the game, banks seek ways to unify their fragmented trading infrastructure, streamline workflows, and future-proof their operations.
This case study describes how Infosys r evolutionized trade operations for a leading global financial institution. Leveraging Murex’s advanced trading and risk management suite, Infosys seamlessly integrated multiple trading platforms into a unified system. The case study also explores the challenges involved, the innovative solutions implemented, and the significant benefits achieved.
About the Client
The client is a leading European bank with a strong presence across international markets. It plays a key role in facilitating foreign trade and serves close to 30,000 customers. While it focuses on large corporations and institutional clients, it also serves private customers and small businesses.
Challenges
The client needed to streamline business processes and IT systems by integrating multiple trading platforms, including FX, equity, and commodities into a single, unified system. The objective was to:
- Lower operating costs associated with maintaining multiple servers and platforms
- Improve overall operational efficiency
- Build a scalable solution to adapt to future market changes
Infosys Solutions
Infosys leveraged Murex’s comprehensive trading and risk management suite to execute the project through well-structured development, integration, testing, and migration phases. Infosys provided continuous support before and after the go-live phase, ensuring a seamless transition to the unified platform. By simplifying the technology ecosystem, promoting standardization, and managing regulatory changes, Infosys helped meet the client’s requirements.
Business Benefits
Infosys' tech expertise and Murex’s advanced suite enhanced the client's resilience and streamlined trade operations. This case study showcases effective collaboration, resulting in several key benefits:
- Improved efficiency and cost reductions
- Simplified technology landscape
- Faster time to market
- Stronger foundation for growth and scalability
- Enhanced adaptability to market changes
- Increased modernization and digitalization
Client Testimonials
Sebastian Kauck, CIO of Corporate Clients at the client bank, praised the platform unification as a monumental achievement. He acknowledged the dedicated collaboration among internal teams, Murex, Infosys, and other partners. Kauck emphasized that the new system boosted efficiency, reduced costs, and laid a strong foundation for future business growth.
Luc Testud, Murex’s Managing Director for Central Europe, expressed pride in supporting the bank's model simplification journey. He highlighted how the integrated cross-asset platform fosters innovation and furthers digitalization.
Dennis Gada, Executive Vice President and Global Head of Banking and Financial Services at Infosys, underscored the project's success. He noted how the consolidation accelerated time to market, streamlined operations, and ensured regulatory compliance. He recognized the transformation as pivotal to the bank's future modernization and digitalization efforts.
Get in Touch
Ready to streamline your operations, enhance efficiency, and drive business transformation? Contact us today to discover how Infosys can help you achieve all this and more.
