Bankdata Expands Use of Murex’s Capital Markets Platform, MX.3
Bankdata, an IT service provider to the Danish banking industry, has recently gone live with another stage of its transformation program. Bankdata recently migrated interest rate and cross-currency swaps from its legacy systems to Murex’s MX.3 platform, the leading solution for trading, risk management and processing for the capital markets.
Simplification of system landscape with Murex’s platform, MX.3
Bankdata is currently implementing MX.3 for Jyske Bank and Sydbank and will soon extend to the rest of the member banks. This gives the banks the benefit of economies of scale in terms of support and daily operations. One of the major advantages of the Murex platform is that it allows the two banks to improve operational efficiency by retiring several legacy systems and manual work processes and migrating to a common shared platform that covers the whole trade lifecycle, from trading and risk management all the way through to accounting.
“Murex’s platform provides a coherent interface to our customers where we have all data – from pricing, to confirmation and posting – in one system”, says Pia Brink Andersen, department director from Customer, Interest and Currency in Sydbank. Pia adds “We have increased speed and flexibility in our trades and can now offer a much better service. We have greater transparency, which is a plus for both our customers and future regulatory requirements. Regulators are applying pressure on banks and in particular on their underlying settlement and clearing systems, which will be expected to move towards real time. By having all trades and functionalities in Murex’s MX.3 platform, the system already supports all processes in real time and thus secures the future of the bank”.
“With this milestone we part ways with outdated systems and manual processes. Concretely, MX.3 gives our employees better opportunities with one common system including faster pricing, shared data for market risk calculation and reporting, together with automatic settlement processes. We are implementing a capital markets platform that is secured for the future, and will be able to meet client and market demands as they arise. The Murex platform will play an important role in increasing client and trade volume”, says Lene Hjortshøj, Area Director in Capital Development in Jyske Bank.
Commenting on the project, Maroun Edde, CEO Murex said: “Murex and Bankdata in conjunction with Denmark’s leading banks, are carving out a new model in capital markets technology. Banks are under pressure to reduce costs, improve efficiency and customer service while complying with complex regulations. Their underlying technology is often the key to success or failure and Bankdata’s utility approach is an innovative and promising alternative to the traditional deployment model.”
"The capital markets are a very specialized sector and the MX.3 platform is purpose built to manage the complexity. We have a very close relationship with Murex and have benefitted greatly from the designated project organization they established, which supports the high degree of cooperation and flexiblity required." says Flemming Krath Engedal, CIO for Capital Markets and Finance in Bankdata.
An open capital markets platform that is ready for the future
This latest extension of the MX.3 platform is another step along the road towards one shared capital markets platform. Since Bankdata licensed MX.3 the company continues to extend its use to cover additional business lines. The platform is already used for FX options, interest rate and cross currency swaps and all derivatives, securities and fixed income desks will be migrated in the future.
The result will be a capital markets first. Bankdata will be able to offer banks highly advanced risk calculation, trading and settlement data centralized in the MX.3 platform and powered by Murex, a global leader in capital markets technology.
Bankdata is one of the biggest finance-IT companies in Denmark with 700 employees. Bankdata provides complete IT solutions for the financial sector, meaning all the IT a bank needs - including the development of network and mobile banking, credit and advisory tools, support and security. Bankdata is owned by 11 Danish banks, who are also Bankdata's customers. Bankdata takes pride in meeting the customers' needs for secure and reliable IT and provide innovative solutions, so they are fully competitive.
About Murex (www.murex.com)
For more than 30 years, Murex has been providing enterprise-wide, cross-asset financial technology solutions to capital markets players. Its cross-function platform, MX.3, supports trading, treasury, risk and post-trade operations, enabling clients to better meet regulatory requirements, manage enterprise-wide risk, and control IT costs. With more than 50,000 daily users in 60 countries, Murex has clients in many sectors, from banking and asset management to energy and commodities.
Murex is an independent company with over 2,000 employees across 17 countries. Murex is committed to providing cutting-edge technology, superior customer service, and unique product innovation.
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
AURAK Enters into a Memorandum of Understanding with Al-Farabi Kazakh National University22.7.2018 09:52 | Pressemelding
The American University of Ras Al Khaimah (AURAK) President, Professor Hassan Hamdan Al Alkim, and the Al-Farabi Kazakh National University (KazNU) Rector, Professor Galimkair Mutanov, of the Republic of Kazakhstan, signed a Memorandum of Understanding (MoU), agreeing to exchange students, faculty, and research. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180722005025/en/ The Al-Farabi Kazakh National University (KazNU) Rector, Professor Galimkair Mutanov, of the Republic of Kazakhstan and the American University of Ras Al Khaimah (AURAK) President, Professor Hassan Hamdan Al Alkim, exchange a gift to commemorate their universities uniting in an MoU agreement. (Photo: AETOSWire) In the spirit of fostering a close international relationship between the Republic of Kazakhstan and the United Arab Emirates, developing bilateral relations in educational and scientific fields, and wishing to make their own contributions to the
Philip Morris International Announces Non-Executive Board Chairman Louis Camilleri to Assume CEO Role at Ferrari S.p.A.21.7.2018 18:19 | Pressemelding
The board of directors of Philip Morris International (NYSE:PM) has its board member, Sergio Marchionne, and his family in our thoughts and prayers during this challenging time. We congratulate our board chairman, Louis Camilleri, as he assumes the role of CEO of Ferrari S.p.A. The long term relationship between our two companies is deep and meaningful and we look forward to continued business collaboration. Mr. Camilleri will continue to serve as non-executive chairman of the PMI board. Philip Morris International: Who We Are We are a leading international tobacco company engaged in the manufacture and sale of cigarettes and other nicotine-containing products in markets outside the United States of America. We’re building our future on smoke-free products. Through multidisciplinary capabilities in product development, state-of-the-art facilities and scientific substantiation, we aim to ensure that our smoke-free products meet adult consumer preferences and rigorous regulatory requirem
Loxam Announces a Conditional Agreement to Acquire UK Platforms20.7.2018 14:51 | Pressemelding
Loxam Group (“Loxam”) announces that its wholly-owned subsidiary Nationwide Platforms Limited (“Nationwide”) has entered into a conditional agreement with HSS Hire Group plc (“HSS”) with respect to the acquisition of UK Platforms Limited (“UKP”). UKP specializes in renting powered access equipment from its 12 branches located throughout the United Kingdom. The company has approximately 130 employees and operates a fleet of 3,000 units. UKP is controlled by HSS since 2013. As part of this transaction, Nationwide has entered into a commercial agreement with HSS to provide powered access equipment to complement HSS’ existing fleet. The closing of the transaction is subject to the approval by HSS’ shareholders and the confirmation that it will not be referred to the Competition and Mergers Authority. The transaction is expected to close before year end 2018. Don Kenny, CEO of Loxam’s Powered Access Division states: “I am delighted with the acquisition of UKP which will further reinforce NW
Schlumberger Announces Second-Quarter 2018 Results20.7.2018 11:00 | Pressemelding
Schlumberger Limited (NYSE: SLB) today reported results for the second quarter of 2018. (Stated in millions, except per share amounts) Three Months Ended Change Jun. 30, 2018 Mar. 31, 2018 Jun. 30, 2017 Sequential Year-on-year Revenue $8,303 $7,829 $7,462 6% 11% Pretax operating income $1,094 $974 $950 12% 15% Pretax operating margin 13.2% 12.4% 12.7% 75 bps 45 bps Net income - GAAP basis $430 $525 $(74) -18% n/m Net income, excluding charges & credits* $594 $525 $488 13% 22% Diluted EPS - GAAP basis $0.31 $0.38 $(0.05) -18% n/m Diluted EPS, excluding charges & credits* $0.43 $0.38 $0.35 13% 23% *These are non-GAAP financial measures. See section below entitled "Charges & Credits" for details. n/m = not meaningful Schlumberger Chairman and CEO Paal Kibsgaard commented, “The second quarter was both busy and exciting for Schlumberger as we completed a number of major milestones in preparation for the broad-based global activity upturn that is now emerging. We delivered solid top-line gro
H.I.G. Capital Announces the Sale of KidsFoundation19.7.2018 19:50 | Pressemelding
H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with more than €21 billion of equity capital under management, announced today that one of its affiliates has entered a definitive agreement to sell the KidsFoundation Group (“KidsFoundation”), the Dutch market leader in childcare services, to Onex Corporation (“Onex”)(TSX:ONEX). Terms were not disclosed. Headquartered in Almere, the Netherlands, KidsFoundation provides high-quality childcare to nearly 30,000 children between the ages of six weeks and 12 years. H.I.G. created KidsFoundation in 2014 through the acquisition of assets from the estate of Estro Group. During H.I.G.’s ownership, the company has developed strongly with significant capital invested by H.I.G. to create a high-quality childcare offering. H.I.G. worked with KidsFoundation management to optimise the footprint of the company by exiting loss-making locations, introduce new IT systems to drive operational improvement and develop an internal M&
SIG Combibloc Group Holdings S.à r.l.: 2018 Second Quarter Results19.7.2018 16:01 | Pressemelding
We are pleased to announce our quarterly conference call to discuss the results of SIG Combibloc Group Holdings S.à r.l. for the second quarter ended June 30, 2018. Date: Monday, July 23, 2018 Time: 15.00 CEST / 14.00 BST / 9.00 EDT The call information will be distributed on our secure site. If you would like access to our call, please contact email@example.com . Regards, SIG Combibloc Group Holdings S.à r.l. View source version on businesswire.com: https://www.businesswire.com/news/home/20180719005634/en/ Contact information SIG Combibloc Group Holdings S.à r.l. Jennifer Gough firstname.lastname@example.org