Murex expands presence in Kuwait with new partnership with Gulf Bank

Murex expands presence in Kuwait with new partnership with Gulf Bank
16.12.2019 09:18 am

Murex expands presence in Kuwait with new partnership with Gulf Bank

Banking

Murex, an industry leader in trading, risk management and processing solutions for capital markets, announces that Gulf Bank, one of Kuwait’s largest banks, has selected MX.3 to modernize and digitalize its capital markets and treasury IT.

The decision to select Murex is part of Gulf Bank’s wider replatforming of its IT landscape in which Murex will be delivering a fully integrated solution for Gulf Bank’s treasury and capital markets functions, which will extend the capabilities of the bank’s treasury operations and enable it to extend its client solutions offering.

Through this new partnership, Gulf Bank will deploy Murex’s MX.3 platform, providing a robust technology infrastructure for core and support operations, as well as risk management.

Philippe Helou, Co-founder and Managing Partner at Murex said: “Our partnership with Gulf Bank marks an exciting step toward the bank’s digital transformation – significantly increasing the sophistication and capabilities of its treasury operations. It’s also a strategically important announcement for Murex, as we consolidate our presence in the Middle East with a string of new partnerships transforming regional banks’ core systems and operations.”

Commenting on Gulf Bank’s new partnership with Murex, Sami Mahfouz, General Manager - Treasury at Gulf Bank said: “Gulf Bank is committed to delivering the best solutions for our customers, which
is why we are constantly working to ensure our internal processes and core operations are up to the highest industry standards. By partnering with Murex, we are working with a worldwide leader in technology solutions for capital markets and treasury. We have no doubt that our partnership will further optimize our client centric model and help drive Gulf Bank’s operational excellence across our various business functions.”

Related News

Wolters Kluwer Innovates with New Banking Tech Launch to Facilitate Paycheck Protection Program

Wolters Kluwer Compliance Solutions has launched a dedicated banking technology solution, utilizing its market-... Read more »

More than 90% of UK consumers claim technology offering impacts their choice of bank, fintech finds

 Research conducted by new entrant to the UK fintech market, Modularbank, in partnership with market research specialists, OnePoll, has found that over 90% of... Read more »

Pannovate partners up with Salt Edge to deliver instant PSD2 compliance

Pannovate, UK’s leading payment and digital banking technology company, has partnered up with Salt Edge, leader in offering open banking and secure customer... Read more »

National initiative launched by Fintech Tully aims to help 17 million people in the UK who have been financially impacted by COVID-19

Tully, Nottingham-based Fintech, has today announced the launch of their COVID-19 Relief and Wellbeing Network to help people financially impacted by the COVID crisis get... Read more »

Celent Recognizes Backbase as a Leader in Digital Onboarding and Origination Solutions

Backbase, the leading omni-channel digital banking platform, announced today that it has topped Celent’s Retail Banking Customer Onboarding Platform vendor assessment, winning... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel