Growing Turkish financial institution benefits from accelerated delivery methodology
Anadolubank, a respected and strong structured bank among Turkish financial institutions, has successfully gone live on Murex’s MX.3 platform using MXGO, a prepackaged, fit-for-purpose and cost-effective treasury and trading solution designed for fast-growing local banks.
Anadolubank targeted a robust, scalable front-to-middle office platform across multiple asset classes—including FX, FXD, MM, FI, IRD and SecFin—to grow its treasury and capital markets activity. The bank selected MXGO to optimize time to market and total cost of ownership while upscaling its pricing, risk-monitoring and position-keeping capacities and laying solid foundations for future evolutions.
MXGO is a modular front-to-back-to-risk business solution based on the MX.3 cross-asset platform. It is packaged based on decades of Murex experience from over 180 successful treasury implementations worldwide. The solution features a set of parameters that can be modified to meet specific bank requirements following Murex guidelines. MXGO is delivered via an accelerated methodology to optimize project timelines and reduce implementation costs. MXGO can be deployed on-premises, on the cloud or via a fully managed SaaS approach.
“It was strategic for us to realize the business value of MX.3 through a fast and efficient implementation,” said Anadolubank CIO Tunç Bergsan. “By adopting an out-of-the-box solution and adjusting some predefined parameters, we meet our requirements while following best practices.”
“Adopters of MXGO like Anadolubank benefit from an accelerated first phase of their transformation journey,” said Alain Samaha, EMEA regional co-head, client services, at Murex. “These clients can harness the full power of MX.3 as needed in the future.”
“We were encouraged by the pace—we have gone live in a very short time-to-market with a multi-asset class platform that has real-time portfolio management,” said Anadolubank Deputy General Manager Murat Ural. “Our users are very satisfied with the financial products’ pricing accuracy and capacity of MX.3.”
With more than 110 branches in Turkey and over 1,650 employees, Anadolubank provides a wide range of services to its retail and corporate client base, and SMEs. Anadolubank also has a subsidiary in the Netherlands since 2007 and continues to deliver its services with the vision of being an indispensable financial partner of its customers.
