Infosys partners with Germany’s Commerzbank to transform its trading ecosystem

IT services major Infosys announced on Tuesday that it has collaborated with German-based lender, Commerzbank, and Murex, which provides trading, risk management and processing solutions for capital markets, to digitally transform the bank’s business processes and IT landscape, primarily its trading ecosystem.

The company in a statement said the joint project has enabled Commerzbank to consolidate FX, FX derivatives, equity, and commodities onto Murex’s integrated MX.3 platform. Post its implementation, operations are simplified, cutting costs, and speeding up time to market.

Within the project, Infosys supported Commerzbank in optimising the utilisation of Murex's comprehensive suite of solutions and services, carrying out development, integration, testing, migration, go-live, and aftercare support.

Sebastian Kauck, chief information officer (CIO) Corporate Clients at Commerzbank, said, "Throughout this project, the collaboration of our internal teams with Murex, Infosys, and other external partners has always been an integral part of its success. The new setup enables Commerzbank to significantly enhance process efficiency and simultaneously reduce costs, laying the foundation for future business growth and swift adaptation to market changes."

Luc Testud, Murex Managing Director, Central Europe, highlighted the opportunity for future expansion through an integrated cross-asset platform, accelerating time to market to innovate and enabling further steps of digitisation.

Dennis Gada, Executive Vice President and Global Head of Banking & Financial Services at Infosys, stated, “This consolidation has empowered Commerzbank to improve time to market, streamline operations, simplify the current technology landscape, promote standardisation, and effectively manage regulatory changes while cultivating sustainable growth."

In April, Infosys announced a definitive agreement to acquire in-tech, an Engineering R&D services provider focused on the German automotive industry. This strategic investment further strengthens Infosys’ Engineering R&D capabilities and reaffirms its commitment to global clients in navigating their digital engineering journey.

As revenue from the US hits a speed bump, Europe and Asia Pacific are coming to the rescue of the Indian IT sector. North America accounts for over 50% of the global $1.3 trillion tech services spend, but companies are cutting back on discretionary spends due to increasing economic and geopolitical uncertainty.

Infosys reported $18.6 billion in revenue in FY24, a 1.4% year-on-year growth. The company has a larger share of revenue (60%) from the US compared to TCS, which declined by 1.1% in the fiscal year. However, Infosys’ revenue from Europe and the rest of the world (APAC markets, MEA, etc.) grew by 6.3% and 3.9%, respectively.