Business Problem

The business ask was Equity instance consolidation from Murex to Murex & Commodities migration and stand-up. Prior to this engagement, there was an existing 3-year vendor relationship with other incumbents but didn’t fulfill the client’s demands. We won the global RFP with an ask of complete ownership of Murex Equities Migration project with risk sharing approach and full mobilization of 25 Murex SMEs for delivering to the schedule committed to the businesses globally.

The Solutions

Bounteous x Accolite collaborated with Commerzbank, a leading German bank, and Murex, on a successful large-scale go-live of a consolidated, unified trading platform that streamlines the bank’s business processes and IT landscape. 

  • We hand-picked and mobilized a complementary and balanced team built with the client by bringing together internal Commerzbank employees and our multi-skilled SMEs.
  • The team was split between Onshore and Offshore to fit the client’s budget without reducing the quality of the delivery.
  • We scaled the team up and down depending on the client budget and the different project stages to keep lower TCO.
  • Our experts supported the bank for the FX Murex instance Upgrade by delivering the CI-CD and Testing Automation implementations.
  • We further supported the Commodities Migration project with key experts (Capacity 20+ Murex SMEs mobilized under 4 weeks).

Value Delivered

  • Full consolidation of all Murex instances into one
  • Testing automation implementations to the full end-to-end delivery of the equity migration project.
  • Consequent cost reduction due to the shutdown of the last legacy Murex instance (COM and EQD)
  • IT cost reduction in the UK and centralization in the Germany
  • Setting up the stage for additional technology innovation through Cloud, Postgres, Delphix and DevOps
  • Business enabled to grow more especially on Commodities

Our deep Capital Markets and Murex expertise, proven track record of serving large Banking and Financial Services clients showcases our drive for excellence, and singular focus on delivering superior customer success. This recent accomplishment not only signifies our technical prowess but also underscores the strength of our partnership with CommerzBank and Murex built on trust and mutual respect.

– Ketan Somani, President, EMEA & APAC at Bounteous x Accolite