The specialist bank worked with Publicis Sapient and Murex to transform its treasury platform.
Aldermore Bank, a specialist financial services provider based in the U.K., reports that it has been working with technology providers Publicis Sapient and Murex to transform its treasury platform, officials say.
The firm has gone live with a cloud-native implementation that leverages enterprise artificial intelligence (A.I.) capabilities and services from Publicis Sapient, and trading, risk, and processing solutions for capital markets from Murex, officials say. In fact, the bank has deployed Murex’s MX.3 front-to-back-to-risk platform for its treasury business.
“Aldermore set out to enhance treasury efficiency and provide more hedging options for risk management, replacing its legacy systems with an integrated, cloud-based treasury platform,” officials say. “Aldermore partnered with Publicis Sapient to blueprint the target operating model; define a resilient and future-proof SaaS-based architecture with assessment of the technology stack needed; and build an executable roadmap that unlocks significant business benefits.”
Aldermore chose MX.3 “because the bank was drawn by MX.3’s broad functional coverage, integrated architecture, and proven implementation success, making it an optimal technology solution for the bank’s evolving needs,” officials add.
Aldermore has also adopted MXGO, “the MX.3-packaged treasury and trading solution that answers the demands of local banks aiming to reduce total cost of ownership (TCO) and complexity,” officials say. “The Publicis Sapient-led treasury transformation is the first of its kind in the U.K., leveraging the MXGO delivery model across a large, front-to-back treasury function integrated with multiple internal and external systems, setting a new industry benchmark.”
“With the new treasury platform, we can significantly increase working efficiency through delivering a high level of automation along the entire value chain,” says Paul Gould, treasury chief operating officer (COO) at Aldermore, in a prepared statement.
Aldermore Group is part of FirstRand Group, the largest financial services group in Africa by market capitalization, officials say.
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