Case Study: IKB Deutsche Industriebank achieves a future-proof integrated capital markets platform with Murex MX.3

Murex equips IKB with a future-proof release of its integrated solution

IKB Deutsche Industriebank, a German mid‑market bank with €20.7 billion in assets, needed to restructure its capital markets IT to reduce complexity and costs while meeting volatile market conditions and tightening regulatory reporting. The bank had already standardised on Murex MX.3 and in 2015 elected to upgrade to the latest MX.3 release to support negative rates, advanced analytics and enhanced data quality for compliance.

Murex executed the MX.3 upgrade using its proven upgrade methodology and the MX.3 Testing solution, automating test cases and enabling collaborative testing; the project completed in five months with go‑live in July 2016. The result was a single front‑to‑back platform for 190 users, decommissioning of legacy systems, faster testing (1.5 million rows compared in 43 minutes), improved pricing and volatility models, HPC‑optimised computations and stronger regulatory data management — delivered on time and on budget by Murex.

IKB Deutsche Industriebank

Axel Harms

Head of Operations