TORONTO and NEW YORK, Oct. 17,
2019 /CNW/ - Accenture (NYSE: ACN) has helped National Bank
of Canada upgrade its trading
platform as part of the bank's initiative to improve its front- and
back-office trading processes and increase the efficiency and
effectiveness of its capital markets business.
Accenture and National Bank of Canada joined forces to migrate and
consolidate 500 reports and 40 interfaces from the bank's ecosystem
to one of the latest versions of the Murex MX.3 platform, which
provides financial services firms with software for trading,
treasury, risk and post-trade operations.
The project will also help the bank prepare for regulatory
projects such as the Fundamental Review of the Trading Book (FRTB),
an initiative of the Basel Committee on Banking Supervision
designed to overhaul trading book capital rules.
Accenture's involvement included project management, business
case development, design, building/testing and post go-live
support. Accenture delivered the services using local teams in
Montreal as well as teams based
within its global delivery network.
"Transforming front- and back-office processes is a complex and
challenging task; having a partner that can bring Murex expertise
is highly valuable," said Alain
Desmarais, vice-president, IT Delivery Management, Financial
Markets at National Bank of Canada. "Thanks to Accenture's Murex
expertise, we were able to upgrade our trading platform while
completing the project on time and on budget. We also gained the
framework to support upcoming capital markets projects."
Robert Vokes, a senior managing
director in Accenture's Financial Services practice, said, "We're
excited to have been able to use our experience as a major global
Murex partner to help National Bank of Canada transform its capital markets
landscape. The bank can now take advantage of new Murex features,
such as those pertaining to managing enterprise risk. We look
forward to continuing our longstanding partnership with National
Bank of Canada as it continues its
transformation and cultural evolution."
About Accenture
Accenture is a leading global
professional services company, providing a broad range of services
and solutions in strategy, consulting, digital, technology and
operations. Combining unmatched experience and specialized skills
across more than 40 industries and all business
functions—underpinned by the world's largest delivery
network—Accenture works at the intersection of business and
technology to help clients improve their performance and create
sustainable value for their stakeholders. With 492,000 people
serving clients in more than 120 countries, Accenture drives
innovation to improve the way the world works and lives. Visit us
at www.accenture.com.
SOURCE Accenture