Volksbank and Murex complete SaaS migration project
14 March 2023 Austria
Image: AI Farm/stock.adobe.com
Volksbank Wien (Volksbank), the central entity of an association of Austrian banks, has successfully migrated client-server application MX.3 from bank premises to Murex’s software-as-a-service (SaaS) private cloud. Following the ‘lift-and-shift’ project, Murex now manages the bank’s MX.3 hosting and infrastructure services.
According to Murex, the move allows Volksbank to focus on its core business, reduce time to market and rationalise IT infrastructure. By upgrading to the most recent MX.3 release, the bank benefits from new collateral and risk management modules and ISO 20022 compatibility.
Additional benefits include compliance with SaaS architecture and security, ecosystem integration and reporting adaptation, Murex says.
Volksbank plans to roll out the service offering to smaller banks within its association.
Patrick Zima, programme manager at Volksbank, comments: “Adopting an ‘SaaS-first’ approach will allow Volksbank to take advantage of the MX.3 frequent innovations. Shifting management of MX.3 to the Murex SaaS team has freed up in-house expertise and resources. This is just the latest collaborative evolution in a continuing long-term partnership with Murex.”
Philippe Helou, co-founder and managing partner at Murex, adds: “Continuous and proactive project management and close collaboration were key to our success in accomplishing this SaaS migration.”
According to Murex, the move allows Volksbank to focus on its core business, reduce time to market and rationalise IT infrastructure. By upgrading to the most recent MX.3 release, the bank benefits from new collateral and risk management modules and ISO 20022 compatibility.
Additional benefits include compliance with SaaS architecture and security, ecosystem integration and reporting adaptation, Murex says.
Volksbank plans to roll out the service offering to smaller banks within its association.
Patrick Zima, programme manager at Volksbank, comments: “Adopting an ‘SaaS-first’ approach will allow Volksbank to take advantage of the MX.3 frequent innovations. Shifting management of MX.3 to the Murex SaaS team has freed up in-house expertise and resources. This is just the latest collaborative evolution in a continuing long-term partnership with Murex.”
Philippe Helou, co-founder and managing partner at Murex, adds: “Continuous and proactive project management and close collaboration were key to our success in accomplishing this SaaS migration.”
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