MUREX Platform Expertise - Your Gateway to Comprehensive Capital Markets Solutions
As an official partner of MUREX, we specialize in providing end-to-end solutions on the MX.3 platform, tailored to meet the intricate demands of the capital markets sector. We offer diverse and high-quality expertise at an affordable cost with an unmatched depth of experience in product expertise, solution architecture, client implementations as well as functional and technical support.
Murex MX.3 Platform
MX.3 is the leading capital markets technology solution. Techvitis founders have played key roles in the Murex organization and at the service of its clients for decades, and have created our company with a large background of Murex architecture and product expertise as well as hundreds of capital market system selections leading to challenging but successful change and run cycles in multiple clients contexts all over the world.
As a Murex partner, our organization gathers and develops an important practice and capability to service both Murex and its clientele by providing high quality services tailored to each institution needs. These services encompass functional and technical expertise, addressing the needs of both Business and IT strategies of our clients. So whether you are looking for advisory and support on areas like Business solution architects & analysts, Change and Run the bank, Business advisory and Regulatory Compliance or Environment, configuration and Infra management, Techvitis brings to you all the experience of its core team in these domains to assist you in getting a high quality solution while controlling your TCO.
TECHVITIS CATALOGUE OF MUREX SERVICES
Diverse and High-quality expertise at an affordable cost
Business solution architect & analysts
Our senior solution architects can help you translating Business and IT needs into system requirements and evaluate system capabilities corresponding to those needs.
Whether you want to guarantee the success of a ongoing MX.3 project or you want to simplify and optimize a legacy implementation to cope with most updated best practices and technologies, our experienced business and technical architect can advise you and help you in the execution.
Project management
Our core team has run multiple MX.3 implementations over the past two decades. Techvitis Program Management practice can help you managing your projects, whether they consit into small increments or large transformation programs.
We can help you running your projects in agile way, fostering the continuous delivery of value to the business and IT (and avoiding the long tunnel effect that is common in such size of projects) while keeping a high quality and predictability on your timelines and costs.
Business advisory & Regulatory Compliance
In a constantly evolving landscape in terms of financial regulations and best practices, Techvitis experts can help in the evolution of the business model, operating model and IT/systems
architecture/landscape.
For example, we can assist with the regulatory interpretation and reporting requirements, related to risk management and capital computations and lead the solution implementation and maintain it.
Change and Run the bank
Do you need to streamline your change and run the bank, transforming them into a frequent delivery of planned values and upgrades at a controlled cost? Our expertise on MX.3 topics related to continuous delivery and frequent upgrades capabilities and technique while relying on the most updated technologies and DevOps practices can boot your capacities to realize such objective.
Product management & Development
Our development agile squads at Techvitis coupled with our product experts can work with your teams to design, develop and test the needed artifacts. APIs, interfaces, reports and tools that are needed to incorporate MX.3 in your architecture landscape can be managed this way as products and maintained over time with the help of our product management practice.
Environment, configuration and Infra management
Our core team experience in setting up operations centers and managed services can accelerate your technology transformation journey on SaaS and cloud deployments.
Techvitis operations centers can directly help your IT teams in managing the infrastructure support, the applications monitoring and troubleshooting while reducing your running costs on these activities.
Customized Training for Advanced Requirements
Understanding that the landscape of financial technologies is ever-evolving, we have established a comprehensive internal and dynamic academy, capable of adapting to the unique and advanced needs of our clients.
When specialized training is required, we collaborate closely with clients and technology vendors to integrate new programs. This flexibility allows us to provide targeted training, ensuring our consultants are equipped to handle the specific challenges and technologies relevant to your organization.
Team Expertise and Business Cases
Our approach is collaborative and client-focused. We understand that each client has unique Business and IT requirements. Our methodology involves working closely with you to design, implement, support, and evolve your Murex platform in a way that aligns perfectly with your business objectives. This partnership ethos ensures that the solutions we deliver are not just effective but also tailored to drive your business forward.
Reimplementation of Market risk VaR in MX.3 in addition to the FRTB extension for one of the regional banks in EU region.
There was a big need for advisory when it comes to historical data preparation for VaR scenarios and to the interpretation and understanding of FRTB regulation.
During the early phases of implementing new regulations, banks appreciate the help that combines business knowledge, regulatory understanding, and implementation advisory ensuring the completeness of the end solution.
The role required a thorough understanding of the bank activity, books organization and the specificities of their internal PL management processes.
The delivery was on time after which the client needed our lead on the validation with their internal team after delivering the required trainings.
The client had some questions around the need of creating a new XVA desk responsible of the XVA pricing quotation in addition to managing the XVA PL risk that could lead to official PL fluctuations.
A related question was about the methodology to adopt for the XVA capital calculations between the Basic approach and FRTB-CVA approach.
The two needs were very interrelated with a disclaimer that having a new desk has many considerations to reflect on.
FRTB-CVA is still not clear how much it would impact the capital calculations given there are no much data or studies on it yet.
A POC was conducted on a sample portfolio showing the benefit of FRTB-CVA vs BA-CVA which demonstrated two things: the capital reduction which could justify the need for an XVA desk and at the same time showing the scale of PL fluctuations when looking at sensitivities.
System replacement for both treasury and core banking activities in a big bang go-live approach.
This required continuous check and alignment especially when it comes to business integration between the two systems given both were new to the bank.
The treasury activity was standard, but the challenge was to understand the new core banking system capabilities ensuring that what will be delivered on Murex can be integrated from technical and business perspectives.
It was a two-variables project which required the extra mile effort to help the client in having a workable and complete solution on the day 1 after the go-live target date.
The help was highly appreciated for the advisory role deployed over the whole project lifecycle.
Large re-platforming program at a leading European bank where tens of legacy systems needed to be replaced progressively by the Murex platform in a major effort to simplify the architecture, optimize the business and reduce the costs.
The program had started running but the client find out soon that the complexity was high and therefore put in place a senior QA committee to assist the program management and design authority.
Participated in the senior QA committee as a permanent member and advised about the program management methodologies, resources and expertise management.
This mobilization resulted in rectifying the course of the ongoing phase which was very large in terms of scope. The program delivered and the re-platforming was able to achieve a big milestone of value to the business and IT.
A major European Bank Migration towards DevOps and Frequent Upgrades
This major European bank wanted to transform completely its technologies department to adopt agile ways of working following DevOps and Continuous Integration practices in order to:
Inject continuously high-quality increments that bring value to their business and IT users and avoid long projects with tunnel-effect.
Upgrade frequently their platforms to remain on the latest software product release and keep benefiting from the latest innovations.
Automate their entire development and deployment chain to avoid redundant work and reduce the errors ratio.
Control their technology TCO and manage their budgets in a much more predictable and controlled manner.
To assist this bank in this ambitious transformation, our senior experts were involved directly with the bank teams in order to design the approach to follow progressively, to assist in the change management activities and train the teams on the new ways of working and new agile mindset, and technically implement the pre-requisites and tools suite to allow this full automation and new working methods deployment. This transformation was delivered and had a huge success and currently this Tier1 bank has attained the objectives listed above in terms of higher platforms quality and stability, frequent value increments delivered to the business and IT teams using these platforms and a much better controlled and predictable TCO.