Risk management and processing solutions provider Murex will be running its MX.3 technology platform on the public cloud to help clients use more the applications it offers without having to increase physical infrastructure.
Philippe Helou, co-founder and managing partner at Murex, said the goal of the partnership with AWS is to bring up computing power for clients to run more Murex solutions.
“Our goal is to enable our clients to leverage the cloud to improve agility and to meet the ever-increasing demand for infrastructure,” Helou said in a statement. “Financial institutions are looking to the cloud for infrastructure elasticity and increased performance.”
Murex clients, the company said, are demanding increased computing capacity. In light of this, the company is working with AWS to support the deployment of Murex on the cloud including using the AWS cloud for bursting grid computing tasks to complete migration.
One client already using MX.3 on the cloud is DBS Bank with impressive results, Helou said.
DBS Bank group CIO and head of group technology and operations David Gledhill said in the statement the firm already expects a significant reduction in infrastructure costs.
“Murex is at the core of our treasury and markets technology platform and we are already reaping the benefits of AWS Cloud’s elasticity for our grid computing infrastructure,” he said. “In 2018, we expect a reduction of 70 percent of our Murex grid infrastructure cost, followed by a further reduction to 90 percent thereafter.”
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