Murex, the global leader in trading, risk and processing solutions for capital markets, is pleased to announce that its customer, National Bank of Canada (NBC), migrated its on-premises development and testing installations of MX.3 to Amazon Web Services (AWS).
In an industry pressured by costs, evolving business expectations, and the need for faster time-to-market, the shift to AWS enables NBC, Canada’s sixth-largest bank, to modernize and repurpose precious resources, aligning them to high-value projects.
MX.3, Murex’s front to back to risk cross-asset platform, is at the heart of NBC’s Capital Markets activities. With multiple Murex projects running in parallel, NBC wanted to optimize its infrastructure management and focus on innovation.
“We wanted to scale the infrastructure to provision environments to meet growing business needs. By using AWS, we can spin up MX.3 instances in minutes instead of months,” explains Sylvain Gagnon, software system specialist at NBC. “This is another world for us, and it has completely transformed how we do things. We could never have achieved this in our data center. For example, if the business needs 90 new MX.3 environments the same day as the request, we can now meet that request.”
“We are very pleased to see that, thanks to our certification of MX.3 on AWS, the adoption of AWS has allowed NBC to gain agility and scalability when deploying the MX.3 environment, along with a very granular monitoring and control on the total cost of ownership of its infrastructure,” adds Arnaud de Chavagnac, head of Cloud Marketing at Murex. “Now that NBC is running MX.3 in the cloud, we expect they will see productivity gains and be able to innovate more quickly.”
NBC uses AWS services to spin-up entirely new MX.3 instances on demand, so that every project team can create its own dedicated test environment in minutes without being bottlenecked by a finite number resources. When they are done testing, they simply shut down the environment. Further, because risk calculations can be run on as many machines as needed, testing time can be greatly reduced.
“The Murex and NBC relationship exemplifies how AWS is helping financial institutions differentiate today and innovate for tomorrow,” said Peter Williams, senior manager, partner solutions architect, financial services at AWS. “By migrating core systems to AWS, organizations can quickly build, test, and scale new solutions faster and at lower cost.”
To learn more about the benefits experienced by NBC with MX.3 on AWS, please download the case study.
To learn more about the Risk Management project of NBC with MX.3, please download the case study.