ALPHA BANK decided to replace their legacy market risk system KVAR in order to use Murex to report VaR Basel 2.5 requirements and implement FRTB Standardized Approach.

Indigo was in charge of the design, build and roll-out of the integration and reporting and testing stream related to the mentioned scope. The allocated project team was of 10 resources including 5 resources from Indigo.

RMB has engaged in a Global Markets, Multi-Sites, Multi-Entities Transformation Program, spread over 5 years. The first phase aimed at replacing the Market Risk system and then rolling out FI/IRD products, Front to Back. MX.3 was selected as a Front to Back treasury and Risk Management system.

Indigo partnered with Murex and managed the design, build and roll-out of the integration and reporting and testing stream related to the mentioned scope.

Total project team of 40 resources including 12 resources from Indigo.

Burgan bank has implemented MX.3 front to back multi assets, Indigo has provided implementation services on integration, migration and reporting streams.

Indigo has been providing managed services for Burgan bank on MX.3 since 2014 covering support, enhancements and upgrades.

Indigo has been providing MX.3 production support services and project assistance at AKBANK since 2015.

Indigo delivered as well multiple projects  including deals migration stream, GOM migration and testing stream including integration and collateral modules.

Indigo is in charge of the MX.3 testing stream at Gulf Bank of Kuwait. The responsibilities include: testing planning and governance, testing entry/exit criteria writing testing scripts, executing testing scenarios, managing of defects correction and release cycle. Indigo is assisting GBK as well on the business analysis stream of the project.

NBK is implementing MX.3 cross assets platform across all desks.

Indigo is in charge of the MX.3 testing stream at National Bank of Kuwait. The responsibilities include: testing planning and governance, testing entry/exit criteria writing testing scripts, executing testing scenarios, managing of defects correction and release cycle. Indigo is assisting NBK as well on the business analysis stream of the project.

First project phase went live succesfully on Jan 2021 during covid travel ban in a full remote implementation and testing mode. Additional phases and other entities deployments will follow.

Indigo is handling in Hybrid mode jointly with NBK the post production MX.3 support.