Murex Distinguished as Market Risk Technology Vendor of the Year

Murex Distinguished as Market Risk Technology Vendor of the Year
27.01.2017 10:30 am

Murex Distinguished as Market Risk Technology Vendor of the Year

Risk Management

Murex, the leading provider of trading, risk management and processing solutions, has been named the Market Risk Technology Vendor of the Year in the 2017 Risk Awards, directed by Risk Magazine. This award gives Murex, MX.3 for Enterprise Risk Management, recognition from the industry for its depth and sophistication of analytics, wide asset class coverage, best-in-breed technology, product innovations, and client support services.

Widely deployed at client sites around the world, MX.3 for Enterprise Risk Management provides a suite of advanced risk modeling, analysis and control tools for credit, market and liquidity risks across all asset classes. The platform uniquely combines sophisticated risk measures and accurate valuation adjustments with unparalleled flexibility. Using high performance computing, and optimization techniques, the solution is engineered to deliver real-time incremental risk metrics at pre or post-trade level manipulating large amounts of data, making it possible to optimize capital performance.

Recent innovations on the platform include MX.3 for FRTB. Launched in February 2016, it delivers a packaged solution for both the Standard and Internal Model Approaches, to help banks meet the Basel committee’s compliance deadline, and rapidly anticipate business impacts. Its high performance Internal Model framework is designed to facilitate regulatory approval, leveraging depth and consistency in trading and risk analytics. The solution covers all asset classes across the full FRTB calculation chain and flexibly adapts to a bank’s existing infrastructure.

Marwan Tabet, Head of Enterprise Risk Management Practice at Murex, comments “With so much focus on risk management in recent years I am delighted that MX.3 has been named the Market Risk Technology Vendor of the year. This award is largely due to our ongoing investment in the platform and commitment to delivering a game changing solution for market risk management. FRTB is the first step toward bringing trading and risk management much closer in the value chain, and banks need to be prepared with the right technology partner in place. Our solution is perfectly positioned for existing users and new clients as we leverage our trading platform and are flexible enough to plug into a bank’s existing architecture as a stand-alone solution. We are already supporting several client’s POCs and FRTB implementation projects with our packaged solution for the IMA and RSA methods.”

Stella Clarke, Chief Marketing Officer at Murex adds “Over the past few months we have been recognized as a leader in our space in the Chartis RiskTech 100, Gartner’s Magic Quadrant for Trading Platforms, Risk Technology Rankings and I am thrilled to be able to add the Risk Awards to our list of accolades. This confirms that our platform strategy, product, and level of service are resonating with end users, analysts and specialists in the field. This is a great achievement, which is shared by everyone who works at Murex.”

Related News

buguroo Launches Behavioural Biometric 3D Secure Solution to Curb Card-Not-Present Fraud

buguroo, the leading provider of customer identification solutions to prevent online fraud for the financial sector, today announced its 3D Secure solution to... Read more »

Numerix Releases Updates to Its CrossAsset Analytics Software

Numerix, the leader in risk technology, today announces the release of CrossAsset 17.0, the latest version of its pricing and risk analytics software. This... Read more »

Kroll Enhances Managed Detection and Response Solutions with Kroll Responder

Kroll, a division of Duff & Phelps, the global leader in risk mitigation, investigations, compliance, cyber resilience, security and incident response... Read more »

Wolters Kluwer Lien Solutions Triumphs With Four International Business Awards

Wolters Kluwer Lien Solutions has won four 2020 International Business Awards (IBA),... Read more »

FICO Named Cyber Risk Quantification Category Leader for Second Year Running

Global analytics and technology provider FICO has just been named a category leader for the second year running in the new Chartis Research report - ... Read more »

Hong Kong’s livi bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting Solution

Wolters Kluwer has been selected by livi bank for its award 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