Murex Earns Four Risk Asia Awards, Repeats as Vendor of the Year

Evolving client needs across APAC met with regional expansion, product adoption, growth in managed services and innovation

SINGAPORE, September 26, 2025—Murex is excited to announce another impressive performance at the Risk Asia Awards amid a deep and competitive field.

• Murex again won Technology Vendor of the Year. It is its seventh overall victory in the vendor or company of the year category since 2018. 
• For the third consecutive year, Murex was awarded Technology Product of the Year 2025 for its MXGO solution, continuing its strong track record of innovation and continued industry recognition. 
• Murex won the System Support and Implementation Provider of the Year, which focused on its MXevolve solution. 
• Murex also won Best Operations or Back-office Solution. 

“These four awards represent a holistic picture of the strength of our team, the very strong growth of our Asia Pacific operations and strategy, and the MX.3 platform,” said Nick Thomas, APAC head of client services at Murex.

Broadly, the region has benefited from Murex’s global investment of over EUR 1 billion in R&D. This has driven innovation in real-time risk analytics, hybrid CPU-GPU computing and AI-powered revaluation.

The Murex APAC client base is extensive, with 70 clients across 13 jurisdictions. Twenty of the Top 30 APAC banks use MX.3.

In 2024, Murex opened a new center in Vietnam to support its Managed Services strategy, which encompasses the MXevolve and MXSaaS solutions. Interest in Murex Managed Services continues to grow, particularly in dynamic markets like India, where institutions rapidly modernize to meet rising regulatory demands. MXevolve offers a DevOps-driven solution to accelerate innovation and mitigate operational risks that allows companies to deploy new features and upgrade their MX.3 platform every 12-18 months.

The Murex client base in the region is also diverse in terms of institutional size.

“Our company, our product and our implementation and support have all been recognized. Murex’s track record in Asia Pacific reflects a deep commitment to solving real challenges with purposeful innovation,” said Thomas.

MXGO, which earned the Best Technology Product of the Year, is built specifically for rapidly expanding local and digital banks. MXGO supports treasury processes from front to back office to settlement through middle office, risk management and regulatory compliance.

In 2024, for example Murex supplied a mobile-only bank in Asia with MXGO.

This bank was established in 2016 and is now one of the leading digital banks worldwide. With MXGO, the bank today efficiently manages FX cash, money market and fixed-income activities for front office, credit risk and accounting, integrating payments and settlements with downstream systems. The institution runs MX.3 on a PostgreSQL database for efficiency and cost savings and completed its MXGO project within seven months.

MXGO also comes with the products, conventions, curves and market practices of the specific local market of the bank. It can cover the trading and treasury needs of local banks, digital neobanks and Islamic banks across all Asian countries.

Murex is currently in MXGO implementation discussions with neobanks and Islamic banks in the region. Adoption of MXSaaS is also growing among smaller APAC treasuries.

Finally, Murex has introduced several key back-office and operations enhancements over the past 12 months. Murex extended MX.3’s product coverage to reflect regional trends and client demand, with additions fully integrated across pricing, risk, and life-cycle processes. Besides a rich catalog of payoffs and models, APAC institutions require the ability to quicky release new product variations. To accelerate time-to-market for all, Murex introduced a no-code framework for defining structured payoffs by combining standard clauses.

MX.3 now includes a specialized tool for FX products to handle sudden bank holidays specific to APAC, such as typhoon days in Hong Kong or Taiwan.

Murex is dedicated to pursuing constant innovation for a growing client base in APAC.