Consolidation on a unified Murex platform
helps the bank accelerate its digital transformation journey by
driving system efficiency and cost effectiveness
BENGALURU, India, May 28, 2024 /PRNewswire/
-- Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a
global leader in next-generation digital services and consulting,
today announced that it collaborated with Commerzbank, a leading
German bank, and Murex, the global leader in trading, risk
management and processing solutions for capital markets, on a
successful go-live of a consolidated, unified trading platform that
streamlines the bank's business processes and IT landscape. This
joint project has enabled Commerzbank to consolidate FX, FX
derivatives, equity, and commodities onto Murex's integrated MX.3
platform, thereby simplifying its operations, cutting costs,
speeding up time to market, and preparing for future
challenges.
Within the project, Infosys supported Commerzbank in optimizing
utilization of Murex's comprehensive suite of solutions and
services and carried out development, integration, testing &
migration, alongside go-live and aftercare support. Through this
collaboration, Commerzbank's trading operations saw substantial
improvements. It also helped in the simplification of their
technology landscape, while reducing the cost of managing multiple
servers and platforms, ultimately laying the foundation for
business growth and scale.
Sebastian Kauck, CIO 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 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."
"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
consolidation has empowered Commerzbank to improve time to market,
streamline operations, simplify the current technology landscape,
promote standardization, and effectively manage regulatory changes
while cultivating sustainable growth. This transformation has paved
the way for future modernization and digitization of the bank."
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. Over 300,000 of our people work to amplify human
potential and create the next opportunity for people, businesses
and communities. We enable clients in more than 56 countries to
navigate their digital transformation. With over four decades of
experience in managing the systems and workings of global
enterprises, we expertly steer clients, as they navigate their
digital transformation powered by cloud and AI. We enable them with
an AI-first core, empower the business with agile digital at scale
and drive continuous improvement with always-on learning through
the transfer of digital skills, expertise, and ideas from our
innovation ecosystem. We are deeply committed to being a
well-governed, environmentally sustainable organization where
diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY)
can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, or our future financial or operating performance, are
forward-looking statements intended to qualify for the 'safe
harbor' under the Private Securities Litigation Reform Act of 1995,
which involve a number of risks and uncertainties that could cause
actual results or outcomes to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and
uncertainties regarding the execution of our business strategy, our
ability to attract and retain personnel, our transition to hybrid
work model, economic uncertainties, technological innovations such
as Generative AI, the complex and evolving regulatory landscape
including immigration regulation changes, our ESG vision, our
capital allocation policy and expectations concerning our market
position, future operations, margins, profitability, liquidity,
capital resources, our corporate actions including acquisitions,
and cybersecurity matters. Important factors that may cause actual
results or outcomes to differ from those implied by the
forward-looking statements are discussed in more detail in our US
Securities and Exchange Commission filings including our Annual
Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at
www.sec.gov. Infosys may, from time to time, make additional
written and oral forward-looking statements, including statements
contained in the Company's filings with the Securities and Exchange
Commission and our reports to shareholders. The Company does not
undertake to update any forward-looking statements that may be made
from time to time by or on behalf of the Company unless it is
required by law.
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