New regulatory requirements are also driving financial organisations to use Cloud to scale up their computing capacity. Murex is collaborating with AWS to meet the demand from clients to support deployment of the Murex offering on the AWS Cloud. Murex is working on the validation of a range of deployment scenarios, from using AWS Cloud for bursting grid computing tasks through to complete migration to the AWS Cloud.
Philippe Helou, Co-founder and Managing Partner at Murex, commented: "Our goal is to enable our clients to leverage Cloud to improve agility and to meet the ever increasing demand for infrastructure. Financial institutions are looking to the Cloud for infrastructure elasticity and increased performance. In particular, grid computing brings tremendous value to our clients, and DBS Bank (DBS) is already live on the Murex risk grid on the AWS Cloud with impressive results. We are delighted to work in cooperation with AWS to ensure a smooth transition for even more of our clients to the Cloud."
David Gledhill, Group Chief Information Officer and Head of Group Technology and Operations, DBS Bank, commented: "We are glad to be the first to benefit from the Murex and AWS collaboration. Murex is at the core of our Treasury and Markets technology platform and we are already reaping the benefits of AWS Cloud's elasticity for our grid computing infrastructure. In 2018, we expect a reduction of 70 percent of our Murex grid infrastructure cost, followed by a further reduction to 90 percent thereafter."
Frank Fallon, Vice President, Global Financial Services at Amazon Web Services Inc., stated: "The Financial Services industry is constantly trying to balance the trade-off between compliance and innovation. Running risk management workloads on the AWS Cloud can help mitigate many of the issues that impede holistic, cost-effective risk management. We are excited to see DBS running the Murex risk grid on AWS, helping to enable them to realize the benefits of moving to the Cloud - agility, elasticity, and not in investing in costly and complex infrastructure."