Bankdata has partnered with Murex to move eight Danish banks onto a shared front-to-back-to-risk platform.
Built by Bankdata, and through utilisation of Murex’s MX.3 platform, the eight Danish banks will benefit from a multi-asset risk platform with support for their regulatory compliance requirements.
The platform has been designed to lower the total cost of ownership of supporting IT, while increasing efficiency through IT resource consolidation.
IT company Synechron has provided Bankdata with testing services for the new platform, which aims to help the banks, which are each Bankdata shareholders, comply with Fundamental Review of the Trading Book, the Interbank Offered Rates reform, as well as other regulations.
Christian Wiese, executive team member and director of capital markets and business development at Bankdata, says: “We have developed a platform which enables our customers to make individual decisions and develop further according to their specific business needs.”
Jean-Gabriel Eddé, managing partner at Murex, comments: “The value of an integrated platform that delivers real-time position management, integrated trading and risk management and straight-through processing capabilities can now be fully realised by Bankdata and its member banks. Furthermore, they are now well-equipped to better comply with future market and regulatory change.”
