Murex Wins Enterprise Risk Management System of the Year in the Risk Technology Awards

London, 18 June 2018

Murex, an industry leader in trading, risk management and processing solutions for capital markets, has been awarded Enterprise Risk Management System of the Year in the 2018 Risk Technology Awards.

A panel of industry experts selected Murex for its ability to deliver a robust solution for risk analytics that enables regulatory compliance. The core assessment criteria for this award included the ability to meet industry needs and a demonstrated commitment to innovation.

Murex's MX.3 platform closes the gap between front office and risk, delivering state of the art risk solutions that enable capital markets actors to handle complex regulatory requirements, such as FRTB and SA-CCR, and actively manage xVA risk while also optimizing capital. The ability to shatter silos within an institution with a single IT platform enables businesses to optimize capital.

The breadth and depth of the cross-asset instrument coverage and advanced integration framework provide flexibility for banks, allowing for the computation of advanced and standard models where required and the smooth integration of MX.3 with existing IT infrastructure.

Speaking about the win, Marwan Tabet, Head of Enterprise Risk Management Practice at Murex says “We are delighted with this result, it is a very positive acknowledgement of the quality of our ERM offer. Over the past few years, we have focused on creating risk solutions that evolve with the market, paying particular attention to the regulatory challenge our clients are facing. Moreover, we have developed an offer for the active management of xVA, a key requirement for central desks today. Our pre-packaged solutions for FRTB, SA-CCR and SIMM have greatly reduced the effort and cost of achieving regulatory compliance for many of our clients across the globe".

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