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

ClearBank and Tide Granted £25M to Help UK SMEs Recover From Pandemic

ClearBank, the cloud-native clearing bank, in partnership with Tide, the UK’s leading business banking platform [1], have been awarded £25m to... Read more »

Temenos Offers E2E Digital Account Opening and Funding in 90 Seconds

Temenos (SIX: TEMN), the banking software company, today announced that Temenos Infinity now offers a real-time, end-to end account opening and onboarding... Read more »

Finzly Wins “Best Enterprise Payments Solution” and “Best of Show” at FinovateFall 2020

Finzly, a fintech provider of modern banking applications for foreign exchange, trade finance,... Read more »

EasySend Raises $16M to Enable Insurance Companies and Financial Institutions to Build a No-Code Digital Future

EasySend, the no-code AI-powered platform transforming manual processes into digital journeys, today announced it has raised $16 million in funding following... Read more »

XPS Accelerates Growth using Cashfac’s Virtual Accounts Platform

XPS Pensions Group is one of the largest pensions consultancies in the UK. They manage the day-to-day administration of over 1,000 corporate pension schemes,... Read more »

Tribe Payments and Currencycloud Partner to Bring New BaaS solution to Fintechs and Digital Banks

Currencycloud, the leader in providing B2B embedded cross-border solutions, and Tribe Payments, a tech company dedicated to deliver the future... 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