Íø±¬³Ô¹Ï

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
≔ Menu
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Technology news
  3. Norddeutsche Landesbank goes live with new version of Murex’s MX.3
Technology news

Norddeutsche Landesbank goes live with new version of Murex’s MX.3


05 September 2023 Germany
Reporter: Jenna Lomax

Generic business image for news article
Image: Gorodenkoff/stock.adobe.com
German bank Norddeutsche Landesbank (NORD/LB) has gone live with a new version of Murex’s MX.3 platform.

NORD/LB capital markets activity relies on the MX.3 platform for back-office services, including collateral and accounting.

It also utilises the Murex's front-office capabilities which include enterprise risk management for limit control, credit risk and stress testing.

By upgrading its MX.3 installation, NORD/LB sought to primarily protect itself against technical deprecation and issues related to third-party components.

NORD/LB says that utilising MX.3’s platform reduces time-to-market for new products or regulations, removes operational risk related to IT manual and repetitive tasks, and maximises velocity with predictability and traceability.

NORD/LB’s adoption of the newest MX.3 version is also part of an effort to improve operations resiliency concerning the DORA regulation.

NORD/LB’s financial markets programme manager Joachim Grimme says: “The implementation of the continuous integration is a major milestone for the NORD/LB financial markets platform and supports our business strategy and related Murex projects.â€

Hadi Abi-Tayeh, project director at Murex, says: “Using the Murex continuous integration toolchain allowed NORD/LB to automate the conversion activities required for the upgrade and eliminated operational risks. It is a big success for the bank and validates the strategic decision to progressively adopt continuous integration tools and methodology.â€
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ Murex

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →