25 April 2018
visit www.ebaday.com

ATB Financial goes-live on Murex SaaS solution

16 October 2017  |  3198 views  |  0 Source: Murex

Murex, a global leader in trading, risk management and processing solutions, is pleased to announce the successful launch of the MX.3 SaaS solution at ATB Financial.

Murex SaaS is a managed services offering for the MX.3 platform, encompassing infrastructure and application management.
ATB pursued this initiative in order to create a simple yet comprehensive foreign exchange experience for their customers. In addition to the customer benefit, ATB was also able to rationalize their IT landscape, broaden the scope of financial instruments they provide on their digital platform, and prepare for a large volume increase in their trading activities. Due to the strength of the solution’s risk management capabilities, extensive asset class coverage, and the rapid and cost-effective implementation of its SaaS offering, Murex was an obvious partner for this initiative.

The first phase of the project was completed in under 10 months covering interest rate derivatives front-to-back-to-risk, including both market and credit risk as well as collateral management. ATB’s official go-live on Murex SaaS took place in August 2017.

Project implementation costs were significantly reduced compared with an on premise installation. Additionally, the Murex SaaS offering has enabled ATB to reduce ongoing IT costs through outsourcing all management, maintenance and upgrades of the solution to Murex.

Trading, risk and back office teams based in Calgary and Edmonton will use the Murex SaaS solution for managing interest rate derivatives from front-to-back. They will also use the system for risk management across credit risk, market risk and collateral.

ATB’s Chief Transformation Officer, Wellington Holbrook notes “ATB prides itself on being a leader in the assessment and adoption of new technologies that will benefit both our team and our customers. It was clear to us Murex’s award-winning solution was the best fit for our needs. The project was completed on time and on budget. After such a smooth collaboration, we’re keen to launch phase two of the project and extend the platform to include commodities and FX trading.”

Edouard Balliere, Head of Business Development for Murex Americas remarked, “We are extremely pleased with the successful implementation of Murex SaaS at ATB. The solution will help ATB rationalize and reduce IT overheads. We also proved SaaS deployments achieve significant professional services and maintenance cost reduction over well-defined initiatives such as the one ATB assigned to us. We look forward to working closely with ATB to support their growing business in the future.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

Murex

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
14904 views comments | 21 tweets | 28 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
11473 views comments | 18 tweets | 32 linkedin
'Fake data' will make banks vulnerable - Accenture'Fake data' will make banks vulnerable - A...
9826 views comments | 26 tweets | 36 linkedin
Irish central bank tunes in to fintechIrish central bank tunes in to fintech
8911 views comments | 20 tweets | 21 linkedin
Major card schemes zero in on single 'buy' button for online commerceMajor card schemes zero in on single 'buy'...
8838 views comments | 20 tweets | 36 linkedin

Featured job

to $120K base, 200K ote, benefits
New York City, NY - USA

Find your next job