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Bankdata Transforms Operations with Cloud Migration
- Danish fintech Bankdata partnered with Accenture to migrate its Murex’s MX.3 platform to the cloud for modernization in November 2023.
- The migration to the cloud was completed within 15 months, with the new platform going live in February 2025.
- Bankdata serves eight Danish banks, including Jyske Bank and Sydbank, offering services such as trading and post-trade processing.
- Senior VP Mogens Sørensen mentioned the thorough investigation Bankdata conducted before the migration decision.
- The move to the cloud involved refreshing infrastructure and upgrading outdated software without disrupting client services.
- Accenture's assistance was sought for the migration due to their expertise in financial services technology and operations processing.
- The financial services industry is gradually moving towards cloud infrastructure for scalability, compliance, and operational efficiency.
- Regular upgrades using Accenture's cloud-hosted architecture can improve compliance, security, and time to market for new products.
- Bankdata's transition to the cloud has led to enhanced monitoring capabilities, offering predictability and cost savings for their clients.
- The partnership with Accenture demonstrates the growing trend of financial institutions embracing modern technologies to enhance operations.
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