Press Release

*Note: Sapient Global Markets and Publicis.Sapient are now Publicis Sapient as of February 13, 2019.

London, UK—Sapient Global Markets, part of Publicis.Sapient, and a leading global provider of business technology and consulting services for the financial and commodity markets, and Murex a global leader in trading, risk and processing solutions for capital markets, today announced the successful go-live of Murex’s MX.3 front-to-back-to-risk platform for the treasury business at leading UK financial services provider, Nationwide Building Society.

More than ever there is a need to have the option to secure wider funding sources, review pricing rules and implement tighter risk, liquidity and collateral controls. Recognising this, Nationwide embarked on a project to replace its legacy system with an enterprise-wide treasury platform for their capital markets teams in the UK.

After reviewing the market, Nationwide selected Murex’s MX.3 to deliver an integrated solution to optimise liquidity management, provide advanced risk monitoring and enhance operational risk management. The solution’s comprehensive functional coverage coupled with the benefits of an integrated platform, a robust implementation offer and a proven track record, convinced Nationwide that Murex was the right technology partner for the project.

Nationwide then engaged Sapient Global Markets, a global Murex Alliance Partner, to perform an assurance assessment and implement the MX.3 for Treasury solution. While Nationwide deployed a wide range of the different business solutions that coexist in MX.3, Sapient delivered comprehensive testing automation to fast track deployments and ensure all project milestones were met. With strong leadership and an injection of key Murex specialists, Sapient was able to leverage its decades of experience in trading technology to deliver the successful migration of Nationwide’s legacy setup onto the Murex platform. Sapient enabled a strong collaborative and open working environment between Murex and Nationwide’s Business, Transformation, IT and the delivery teams to ensure a smooth go-live.

In particular, Murex’s MX.3 for Treasury has delivered increased straight-through-processing for flow products, issuance process, micro and macro hedge accounting and limits management as well as interest rate and FX risk management, market risk, VAR, P&L control and fund transfer pricing. MX.3 is tightly integrated into the bank, market, and regulatory ecosystems.