Large-Scale Murex Implementation for a Global Bank​​

First Derivative were selected as System Integrator by our client, a European Bank, in this multi-year modernisation of the Markets & Treasury business, centred around a greenfield implementation of the Murex MX.3 Treasury platform. The business operating model was complex and carried high levels of operational risk with mission critical services heavily reliant on legacy technology and manual processing. The bank set out to implement a simplified operating model by migrating front to bank Treasury activities from Summit and other legacy apps to Murex.

• First Derivative fully accountable for integration, reporting and migration. Supporting in all other areas of implementation – data, testing & environment management.​
• Integration of MX.3 to 20+ internal and external data sources.
• Migration and transformation of static, market and trade data from legacy systems to MX.3 using custom built automation.
• Design & implementation of the business target reporting framework, removing 100s of legacy manual reporting tasks.
• Delivered in CI mode utilising Murex toolsets/processes (MxConfig, MxPipeline, MxTest) and automated test build out of regression test packs.

• Efficiency: c. 80% reduction in legacy reporting landscape
• Accuracy: Single source of truth through consolidation of customer/static data
• Resilience: A move away from T+1 to real time risk analysis