Bankdata uses Murex’s MX.3 to implement capital markets platform across Danish banks

Danish fintech Bankdata has recently implemented a shared capital markets platform for eight Danish banks. This is the culmination of a partnership that began in 2016 with Synechron to provide a shared platform for Bankdata to rationalize treasury management and capital markets activities. Regulatory compliance was a key driver for implementing Murex’s MX.3 platform.

“It is probably four or five times larger than anything else we have delivered. It has been a strategic program for Bankdata,” said Christian Wiese, executive team member and director of Capital Markets and Business Development at Bankdata, in a statement. “We have developed a platform which enables our customers to make individual decisions and develop further according to their specific business needs.”

Each bank in the consortium has the optionality to select the exact functionality its business requires. Additionally, the cross-asset platform is able to continuously adapt to regulatory reform. The platform features MX.3 for FRTB, which meets the intense calculation demands of Fundamental Review of the Trading Book compliance. There’s also MX.3 for IBOR Reform to help banks navigate the complicated, evolving and ongoing transition to risk-free rates.

Murex managing partner Jean-Gabriel Eddé said in a statement: “The value of an integrated platform that delivers real-time position management, integrated trading and risk management and straight-through processing capabilities can now be fully realized by Bankdata and its member banks. Furthermore, they are now well-equipped to better comply with future market and regulatory change.”

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