What was the problem?
Our client’s programme is replacing the bank’s end-to-end Markets and Treasury value-chain infrastructure with Murex MX.3, while uplifting risk-management capability. It spans ~1,000 users across 12 countries and 5 asset classes and will decommission 25+ systems through full value-chain integration. A rationalised Markets and Treasury IT estate: simplified, integrated and standardised; reduces operating costs and the cost of future change.

Why did our client ask for Varrlyn’s help?
The client selected Varrlyn for our deep MX.3 specialisation, proven delivery for global financial institutions and our ability to establish MX.3 regression test automation quickly. We also brought regulatory delivery experience [e.g., FRTB/EMIR], embedded ways of working under SAFe, and a knowledge-transfer approach to upskill client teams. On this basis, we were engaged to support the Markets and Treasury transition, enable regulatory deliveries, implement application integration and automated testing, and train project and client staff.

How did Varrlyn contribute?
Over a planned, multi-phase programme (10+ years), up to 15 Varrlyn experts worked alongside 120 client colleagues and offshore partners. We delivered production MVPs under SAFe, bringing MX.3 into service by asset class and region [e.g., 2022: FX/MM (Brazil); 2024: COM (Global)] and guided migrations, enabling the decommissioning of 25+ legacy systems. We implemented automated regression testing to support a yearly platform upgrade cycle, supported regulatory milestones, and trained project and business teams.

Account manager Philip van den Emster