Time to accelerate your IBOR transition

IBOR migration for Murex

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Fact sheet

The SkySparc advantage

When you engage a solution provider, do you want just a supplier or a true partner? At SkySparc, we’ve never believed one size first all, preferring instead to be led by our clients’ unique business needs. SkySparc has built its reputation on its deep technical and functional system knowledge, allied to a firm grasp of the business priorities of each client.

We take time to understand the individual project challenge – whether driven by compliance or competitive forces – before creating a solution which draws upon our full range of services: consulting, support and accelerators. As a trusted partner to Murex, and multiple Murex users around the world, we have the skills, experience and resources to partner with you.

Long track record, trusted company
Fast growing Fintech company
Global footprint
Focus on expertise and accelerators
Reputable clients
Recognized award winner

Industry challenges

To keep up with market and regulatory developments

Time to market

Seamless upgrading

A trusted partner to Murex

SkySparc is a trusted Partner of Murex with a partnership agreement in place (Global Relationship Agreement, GRA).

The partnership with Murex enables SkySparc to provide services from specialized expertise to managed services. SkySparc can provide flexible models, from staff augmentation to full outsourcing; and SkySparc invests consistently in tools and processes to scale our capacities to reduce TCO for our clients.

With their knowledge and track record of providing excellent services to top-tier customers in the capital markets globally, we are delighted to welcome SkySparc to our partnership program.

Alex Poli, Senior Alliance Manager, Murex

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What we offer

Click on each solution to find out more

Consulting

Implementation, migration and extension services

Upgrade projects and testing services

Regulatory development projects

Optimizer

Data optimization

Improves MX.3 performance

Saves EOD time

Reduces production risk

OmniFi

Intelligent automation

Migration accelerator

Advanced reconciliation features

Data management optimizer

Outsourced support

Embedded and integrated with clients’ in-house teams

Expertise with strong subject matter skills

Efficient teams rather than large teams

Flexible, scalable and proven support model

How we deliver

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SkySparc’s Murex team have proven their expertise through their work on several strategic projects, and have demonstrated much-appreciated flexibility to integrate with our staff. We are eager to renew their support contract and look forward to deepening our collaboration over time.

Sami Hindawi, IT solution manager, KBN

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Examples of assignments

Initial and variation margin management

For a Nordic bank, SkySparc supported the deployment of MX.3’s collateral management module, enabling the client to manage initial and variation margin calls for non-centrally cleared derivatives.

Upgrade automation

SkySparc recently supported a bank to upgrade to the latest available version of MX.3. As a longstanding support partner, SkySparc liaised with the client to ensure quality and efficiency throughout the project, based on relevance of developed test cases and automation using Murex’s MXTest tool.

Embedded support

SkySparc currently provides support and development services to several financial institutions in Europe and the Nordics. Fully integrated into clients’ MX.3 teams. SkySparc’s skilled Murex experts ensure clients always have the right capacity, while keeping full control of their operations.

Multi-stage support for structured products project

For a northern European bank, SkySparc provided support across multiple stages of a project to implement complex credit derivative products. SkySparc led the accounting build and testing phases for the rebooking of structured products to be priced in Murex and performed impact analysis for downstream systems used by the client.

Risk management and reporting

SkySparc provided support to the development and implementation of a regulatory-driven integrated market risk management solution for Nordic bank KBN. Once the models were developed, SkySparc managed the configuration of net interest income calculations in MX.3, from functional analysis to report development.

Greenfield implementation project

SkySparc led two key back-office workstreams supporting a major strategic project by large European bank in implementing Murex MX.3. SkySparc’s consultants were responsible for the operations and position management streams, covering trade and event life cycles, payments validation and release, collateral management, regulatory reporting and external interfaces.

A selection of our Murex team

Profile

Khaled Hammar

Expert
  • 10+ years’ Murex experience.
  • Deep product expertise across rates, credit, treasury, securities finance, collateral management and IBOR transition.
  • Experience implementing risk and regulatory projects.
  • Variety of roles at Murex, including team leader, product manager and senior pre-sales consultant.
  • Qualifications include CFA, Masters in finance, Masters in IT (both Hons).
Profile

Emmanuel Dufrene

Expert
  • 15 years of experience on Murex projects.
  • Murex FO and Risk functional expert.
  • His knowledge includes swaps, equities, credits, foreign exchange, commodities, structured products and energy products.
  • Emmanuel is familiar with Agile Scrum methodology, DevOps, project coordination, business analysis, support and leading and coaching teams (squad team, stream lead migration project, etc).
Profile

Achraf Triki

Expert
  • 10+ years Murex experience
  • Expert in back-office, collateral, interface, reporting, market data and technical architecture of Murex.
  • During his 5 years of experience at Murex, he worked on ~ 15 projects across Europe.
  • For two years was responsible for the production activity on Murex (including EOD). This covers corrective and evolutionary maintenance.

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