Case Study: Bankdata achieves a single shared front-to-back-to-risk capital markets platform for 11 member banks with Murex MX.3

Bankdata and its 11 member banks select Murex MX.3 solution for its Front-to-Back-to-Risk IT transformation programme

Bankdata, the IT provider for 11 Danish member banks, faced rising regulatory complexity, duplicated capital markets front-office systems (with Sydbank on Murex and Jyske Bank on another platform) and an ageing in‑house back office that made it costly and slow to adapt. To modernize and reduce total cost of ownership, Bankdata selected Murex’s MX.3 as the third‑party front-to-back-to-risk solution for its consortium.

Murex implemented MX.3 using its MXpress methodology in a phased program launched April 2016 (FX derivatives planned live Q1 2017, OTC front‑to‑back early 2018, full cross‑asset completion targeted by end of 2019), delivering a single instance serving all 11 banks. The deployment consolidated capital markets functionality, enabled faster time‑to‑market, automated straight‑through processing, improved regulatory readiness and reduced operational risk and ownership costs — tangible benefits made possible by Murex’s MX.3 platform and implementation support.

Bankdata

Jesper Glogauer

Vice President