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MUREX project last phase



2019.07 – 2021.01

Undisclosed bank



Combination of waterfall and agile project methodology.

Unorthodox testing methodology.

Project scope and targets

The main scope was to upgrade the old version of Murex (2.11) to the up-to-date version (3.1.42) based on the as-is functionalities.

The main target was to get rid of the previous version which contained serious DB, app. server and OS system vulnerabilities within the shortest possible time.

However meanwhile it turned out that due to the huge differences between the old and new versions, the project is rather to be considered as a new system implementation.

The new version offers more automated and updated solutions bringing added value to the business.
Project scope and target icon
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Our main contribution

Providing project management activities, including roadmap and phase planning, milestone preparation, scope, budget and resource management, reporting to management.

MINDSPIRE provided an experienced test manager managed for the testing activities.

4 treasury business analysts with Murex Experience in different project streams (Front Office, Middle Office, Back Office, Interfaces), 3 juniors and 1 integration architect all played important roles in their respective areas.

Project organization and roles

The bank provided part time allocated internal business and IT resources.

Besides, the majority of the core project team (40 people) were hired from external companies. The total number of the project team was over 100.

4-5 experts were bought from abroad with Murex system knowledge.

The core project team was organized in streams like Front Office, Interfaces, Post-Trade-Workflow, Accounting, etc.

The management of the bank closely monitored the progress with weekly Operative PSC and monthly PSC meetings.

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Main involvement areas

  • Project planning
  • Project execution
  • Test co-ordination
  • Scope management
  • Project reporting and monitoring
  • Business consultancy

MINDSPIRE profiles involved

  • Project manager
  • Business consultants
  • Test coordinator
  • Junior testers, coordinators
  • IT integration expert
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