Selected Projects



Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a diversified financial services brand encompassing investment banking, fund management, corporate banking and advisory services.
RMB has engaged in a Global Markets, Multi-Sites, Multi-Entities Transformation Program , spread over 5 years.

MX.3 was selected as a Front to Back treasury and Risk Management system. Indigo has partnered with Murex and is in charge of the design, build and roll-out of the integration and reporting streams.
The first phase aims at replacing the Market Risk system and then rolling out FI/IRD products, Front to Back.

It is spread over 2 go-live, one in Q3 2018 (Var and Market Risk), and another in Q4 2018 (FI/IRD)



HSBC is one of the world's largest banking and financial services organizations, serving millions of customers through four global businesses : Retail/Wealth management , commercial banking, Global Banking and Markets, and Global Private Banking.
HSBC Turkey entity is implementing MX.3 as its Front Office Treasury System with the aim of having it fully integrated with internal in-house systems, and Intervision - HSBC Turkey's new Core Banking System being implemented in parallel.
Indigo is in charge of the design, build and roll-out of the integration , migration and reporting streams.
The project consists of several phases , each covering different asset classes and integration points.
The first sub-phase , an FX/FI implementation , went successfully live in November 2017.
A second sub-phase of MM/IRD implementation is scheduled to go live mid-January 2018
A final sub-phase including full MX.3-Intervision integration is planned to go live in April 2018.
Additionally , as of November 2017, Indigo has been providing functional support to FO users of the MX.3 platform.



The Alpha Bank Group is one of the leading Groups of the financial sector in Greece. The Group offers a wide range of high-quality financial products and services, including retail banking, SMEs and corporate banking, asset management and private banking, the distribution of insurance products, investment banking, brokerage and real estate management.
The Alpha Bank Group is implementing MX.3 as its Risk Treasury System with the aim of having it integrated with external market data providers and Kondor+ , Alpha's position keeping system.
Indigo is in charge of the design, build and roll-out of the integration , migration and reporting streams.
The project consists of several phases , each covering different asset classes and risk modules.
The first phase , consisting of an FO/VAR implementation over FX,FI,IRD,CRD and FXD is scheduled to go live in October 2018.
An FRTB implementation phase is scheduled to begin right after the first phase.




Akbank implemented MX.3 as a Risk and FO system.

The first phases covered FI and Derivatives, and the upcoming phase will cover FX Cash products.

On all phases, Indigo has partnered with Akbank offering Business Analysis services and integration services such as reporting and migration stream.



Abu dhabi commercial bank implemented murex as a front to back treasury and risk system, the project consisted of several phases each covering different asset classes.
Indigo was selected to deliver the reporting stream during the last implementation phase.
We delivered up to 60 reports and extractions using scrum-agile mode.
The project was a pilot with murex and was used to optimize and confirm the reporting solution delivered by indigo.



Indigo being a Murex Business partner, our teams work continuously together.
We handle complete streams in outsourcing mode or complement Murex Project and Support teams with specific skills. We have been selected by murex as a preferred near shore solution for reporting and we are currently delivering several projects together. we have embedment and training agreements in place that keep our team updated to the latest software versions and features.



Gulf international bank has implemented MX.3 as a Front to Back treasury and risk system.
Indigo has partnered with Murex and was in charge of the design, build and roll-out of the Back-Office stream and has provided a migration technical expert. A team from indigo was mobilized on site in Bahrain and has successfully delivered the back office and the migration stream.



Odea implemented mx.3 as a front office system and murex delivered the project in partnership mode with indigo.
Indigo was in charge of connecting mx.3 to odea core banking system (intertech) and to other upstream and downstream systems. Intertech is the core banking solution for most of the turkish banks.
Odea also signed a managed services contract with indigo where indigo is handling front-office support as well as technical support and management of all odea murex related projects.



Bank Muscat implemented mx.3 as a front to back treasury and risk system.
Indigo has partnered with murex and was in charge of the design, build and roll-out of the back-office stream. A team from indigo has been mobilized on site in muscat and managed the implementation of the stream.
The project's go-live occurred in q3 2015.



Burgan Bank implemented mx.3 as a front to back treasury and risk system.
indigo worked in partnership with murex and burgan, and was in charge of the integration, migration and reporting streams.
Following the successful go-live, burgan has outsourced the support of the murex application to indigo, covering front-office, risk, back-office and technical support.
Burgan is also working with indigo on the implementation of additional products and other enhancements projects.



First gulf bank has selected mx.3 as a front to back treasury system.
Indigo was then selected by FGB to provide professional services on the Business Analysis of the back-office, integration and migration streams as well as support during the design phase of the mx.3 implementation.

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