Insights and innovations in Luxoft's Murex practice

Welcome to our quarterly insights from the Trading and Risk team at Luxoft. Our goal is to share updates about the changing requirements of the industry and how to effectively build capabilities to meet these demands. So read on to know all the happenings at Luxoft’s Murex practice

In this edition, we’ll talk about how we assist banks in their transformation journey towards simpler, more agile, and effective trading and risk management systems.

Our partnerships

First, we have established an ecosystem of partnerships with leading software solutions covering the front to back-office processes of a bank, complemented by bespoke development capabilities. This allows us to address a wider scope of business processes, achieving more synergies and mutualization.

CI/CD frameworks

Second, we’ve invested in implementing CI/CD frameworks while aligning with the banks’ business strategy to achieve incremental and continuous business value. CI/CD is not just about technical tools and processes; it’s about aligning technology teams with their business counterparts to achieve common goals. By unifying business processes, from engagement and requirements gathering to testing and deployment, banks can take full advantage of the power and agility of CI/CD. This has unlocked another important area for banks, making it easier to upgrade software, faster, cheaper and more frequently.

Investing in the right assets

Cloud is another strategic area where we excel thanks to the solid assets of our parent company DXC. In today's regulatory space, delivering cloud solutions requires not only technical expertise, but also the ability to comply with data protection, business continuity and security regulations. It takes years and a lot of money and effort to build such frameworks, and being part of DXC has helped us leverage existing and well-established solutions, providing our clients with immediate operational and cost benefits round the clock.

Agile methodology

Finally, having the right project management methodology is a key success factor. At Luxoft, we prioritize multi-party aligned implementation models where all parties move in the same direction. This derisks projects and achieves greater value and cost saving. From a planning perspective, it’s important to cut programs into manageable phases. A phased approach, aligned with funding strategies, allows for quick returns on investment. By reallocating cost savings from one phase to the next, banks can achieve business value at the same cost, fostering a sustainable and cost-effective transformation journey.

Talent building

Talent has been a primary focus for us. We’ve launched initiatives promoting knowledge sharing, cross-skilling and upskilling with 688 participants over 28 brown bag sessions in the past 12 months. We facilitated about 200 rotations between projects and strengthened international exposure with 75 relocations. We’ve invested in trainings and junior academies, as well as innovative learning channels. This has shaped more confident and capable teams, able to deliver long and complex programs.

Murex Academy at Luxoft

At Luxoft, we strive to develop and nurture the talent and skills of Murex enthusiasts. You can find the details of our most recent academy round ups on our LinkedIn page here:? Luxoft's Murex academies

We recognize the importance of doing more for our people and clients. Creating an environment conducive to learning and growth remains a top priority as we navigate the evolving landscape of the banking industry.

?Stay tuned.

Ihyeeddine Elfeki

Global Head

Luxoft BCM Trading and Risk

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