Cassa Depositi e Prestiti migrates to Murex SaaS and expands its use of the MX.3 platform
One of Italy’s largest financial institution boosts performance, reduces costs and gains functionality with Murex’s Software as a Service (SaaS) offering
PARIS, 29 October 2019 — Murex, a global leader in trading, risk and back-office solutions for treasury and capital markets is pleased to announce that Cassa Depositi e Prestiti (CDP), the Italian National Promotional Institute with group assets in excess of €420 billion, has optimized its capital markets activities with Murex SaaS.
Playing a key role in Italy’s strategic investments and financing, CDP embarked on this project to modernize and outsource its capital markets IT to support new business and a changing company strategy. This decision was driven by a need to enhance its internal technology capabilities and quickly inject new functionality in a fast-evolving market.
CDP chose to partner with Murex because of its strong track record of successful project delivery and the functional depth of its MX.3 platform. Another deciding factor was the flexibility of Murex’s fully managed private SaaS solution, which now allows the bank to customize business processes, boost innovation and maximize resilience. CDP can also configure user preferences, which was another important requirement for internal teams.
With a full turnkey model, Murex takes ownership of the MX.3 platform for production management, maintenance, disaster recovery, deployment and monitoring as well as incident and change management. Murex also offers additional services for platform upgrades as part of the SaaS solution.
Already using the Murex platform in the front office, this move to SaaS will allow the company to quickly benefit from additional functionalities, including new financial products and risk monitoring tools, while keeping existing business customization.
In addition to adopting SaaS, CDP also decided to expand its use of the MX.3 platform, leveraging new products, as well as new solutions, such MX.3 for Risk Control and additional packaged and bespoke interfaces. Moreover, MX.3 is now being used by other entities of the CDP Group.
Paul-Alexandre Lourme, Head of SaaS Services at Murex adds, “We are delighted to be collaborating with CDP, helping them to simplify their system landscape while also reducing the total cost of ownership with our SaaS solution. By outsourcing the maintenance and day-to-day running of the software to Murex, the team at CDP can now focus on developing their core business, while benefiting from the full functionality of the MX.3 platform”.
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