Bank Pekao, Poland’s second-largest bank and one of the largest financial institutions in Central and Eastern Europe, has selected Murex’s solution and plans to implement its MX.3 platform to optimize costs of the bank’s ongoing, comprehensive technological transformation.

Murex, the global leader in trading, risk management and processing solutions for capital markets, has accompanied Pekao on the transition to the unified integrating platform, slated to be delivered in 2022. Pekao underwent an intensive vetting process with potential technology vendors before selecting MX.3.

Pekao’s implementation covers front-to-back-to-risk, cross-assets. The platform also addresses collateral and hedge accounting along with accounting, and regulatory reporting for Fundamental Review of the Trading Book (FRTB) and Standardized Approach for Counterparty Credit Risk (SA-CCR).