-
Our solutions
Vote for us in the following categories:
Vote for us!
20. Best Professional Services Provider
30. Service Provider of the Year
31. Software Solution of the Year- Our clients
With 300 clients and 60,000 users spread across 60 countries around the world, Murex has a truly international client base of capital markets participants.
view all case studies- Insights
- Who we are
Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise.
Visit our awards webpage- Our partners
- Careers
FEB
13Banorte Selects MX.3 to Meet Counterparty Risk, XVA and Collateral Needs
One of the largest banking groups in Mexico chooses to extend the scope of their MX.3 platform
PARIS, 13 February 2019 — Banorte, the second largest financial institution in Mexico, has recently selected Murex, a global leader in trading, risk management and processing solutions, to meet its counterparty risk, XVA and collateral management needs. Murex’s MX.3 platform will be used for front-to-back-to-risk activities across Banorte’s entities, including the bank, brokerage, pension fund and asset manager, to comply with regulations and better manage risk.
To quickly answer market and best practices demands, Banorte required a solution that not only met its immediate compliance needs for XVA, but also enabled long-term business growth. After looking at other solutions available in the market, Banorte decided to expand its use of the MX.3 platform to cover counterparty risk, XVA and collateral management, and achieve synergies of a single technology platform approach.
According to Abraham M. Izquierdo, Risk Management Executive Director Risk at Banorte, “In our experience, different systems and sources of information, mean inconsistencies. By leveraging one system for front, back and risk, we will gain more accuracy in calculation, benefit from a single source of data and more closely manage risk. Our aim is to gain a single, comprehensive view of our entire Capital, FX, Derivatives and Debt markets business. After evaluating several Risk Management platforms in the market, we found MX.3 was the best solution for our business.”
Speaking about the project, Joe Iafigliola the CEO of Murex Americas comments “We have been working in close partnership with Banorte since they first implemented Murex in 2008 and we are excited to start this new chapter. The bank was already using MX.3 in the front office across all asset classes and in the back office for sub-ledger and operations. They will soon be able to benefit from our risk management capabilities and gain even more efficiencies and synergies across the business.”
Latest news
FEB
29Murex Leads Financial Institution Energy Risk Management in Chartis Research Energy50 Report
see moreDEC
12Murex Expands Model Validation Offering with Financial Information and Analytics Leader
see moreNOV
29Murex Wins Technology Vendor of the Year and Three Risk Market Technology Awards from Risk.net
see more - Our clients