Investment Banking

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.

Infosys Solutions

Infosys developed a customized solution to address the client's challenges. Key components included automated functionalities for managing inquiries, controls, and uploads. The solution implemented end-to-end automation of settlement processes, such as intra-day balance, nomination control, obligation, settlement, and stock movement. Moreover, the solution incorporated straight-through processing (STP) protocols to ensure seamless data flow, along with migration of non-standard internal applications to cloud infrastructure. This comprehensive approach minimized manual interventions, improved STP rates, and ensured smooth compliance with T+1 regulations.

Business Benefits

The collaboration yielded significant results for the client, including:

• 80% reduction in manual efforts related to operational activities in the settlement process
• Streamlined trade processing architecture through standardized and automated processes, enhancing operational performance
• Seamless compliance with the T+1 deadline through the implementation of STP protocols and the migration of non-standard internal applications to the cloud

This success story demonstrates how Infosys and the client achieved transformative automation and compliance, boosting efficiency and meeting T+1 requirements.

Infosys Solutions

To address the client's requirements, Infosys implemented comprehensive derivatives reporting solutions, covering several global regulators. These included the Commodity Futures Trading Commission (CFTC) of the United States, the European Market Infrastructure Regulation (EMIR), the Hong Kong Monetary Authority (HKMA), Canada’s Money Market Statistical Reporting (MMSR), and the Australian Securities and Investments Commission (ASIC). A dedicated team of over 100 with expertise across asset classes and markets spearheaded the project.

Infosys took end-to-end ownership from requirements gathering and design to development, testing, and deployment. The solutions replaced the earlier asset-class, region, and instance-specific reporting with an advanced, unified rule engine and reporting system, ensuring efficiency and compliance.

Additionally, Infosys designed a management information system (MIS) for the regulatory operations team. The system provided eight real-time report tracking screens to effectively monitor responses from regulators, including acknowledgements (ACKs) and negative acknowledgments (NACKs), helping with seamless tracking.

Business Benefits

The transformation of the bank's derivatives reporting process led to streamlined operations, enhanced compliance, and improved performance. Key benefits included:

• 100% on-time compliance with regulatory requirements
• Near-100% accuracy in DTCC submissions
• Unified reporting engine providing a single view of transactions
• Re-used workflows and improved efficiency in handling higher submission volumes
• Significant reduction in the TCO through platform consolidation
• Improved exception management via the newly designed MIS