In 2015, BIBD decided to revamp its treasury system to be fully up-to-date with stringent international norms. The update would provide a series of benefits: the bank would have full straight-through processing management of front-to-back-to-risk operations; the move would position BIBD to expand beyond Brunei; and it would allow BIBD to diversify and scale its service and product offerings.
BIBD also aimed to embrace comprehensive Islamic treasury compliance, leveraging the expertise of a technology partner fluent in the space.
BIBD’s ambitious goals and tight deployment timelines were key drivers in selecting Murex as a long-term partner. Download this case study to learn more about how Murex facilitated BIBD’s successful implementation.