- MX.3 overview
- Business solutions
- Continuous evolution
Mizuho Optimizes XVA Desk through MX.3 Extension.Download the case study
- Our clients
With 300 clients and 57,000 users spread across 60 countries around the world, Murex has a truly international client base of capital markets participants.view all case studies
- Who we are
Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise.Visit our awards webpage
- Our partners
Murex Transforms Treasury and Risk Operations for Malaysia’s RHB Bank
Replacing its multiple legacy systems with a single platform that offers a wider range of derivatives products
PARIS, 28 February 2019 — Murex, a global leader in trading, risk and back-office solutions for the capital markets is pleased to announce that Malaysia’s fourth largest fully integrated financial services group, RHB Bank Berhad (RHB Bank) is now live on Murex’s MX.3 for all its global market activities. The bank is using the open and modular MX.3 platform to meet its Islamic and conventional finance needs in the ASEAN region.
The main objective behind this project was the need to modernize and future-proof RHB Bank’s treasury and risk infrastructure and to replace its multiple legacy systems with a single platform that offers a wider range of derivatives products. The aim was to simplify processes and mutualize analytics across entities to gain one clear view of the business, from front-office activities through to risk management, treasury, settlement, accounting and reporting.
Murex has the knowledge of the local market and history of delivering large-scale replatforming projects in Asia. Combining wide product coverage with leading functionality, RHB Bank selected MX.3 to support the demand for more sophisticated hedging and investment products for its growing client base and navigate the changing regulatory landscape.
Guy Otayek, Head of Murex APAC, comments “As the Asian markets continue to evolve, we are very happy to be partnering with the RHB Banking Group, giving them the software and support they need to meet future regulatory demands and harness the latest technology. This go live is a great example of how IT transformation can open new paths for business growth and we look forward to working with RHB Bank and other banks in the region on future projects.”
Speaking about the partnership, Mohd Rashid Bin Mohamad, Group Treasurer, Group Treasury & Global Markets at RHB Banking Group says, “When we embarked on this project, we were looking for a scalable solution to drive business growth, improve pricing and risk management capabilities and reduce cost with operational efficiency. With Murex’s MX.3, we can achieve these three goals with one platform. We also realized at the onset the importance of having a good core working team and thereby picked the relevant experienced representatives across the various functional areas to champion the implementation.”
Following the go live on MX.3, RHB Bank can now trade structures seamlessly, introduce new products to the market faster and eliminate time-consuming manual processes. By moving from multiple systems to a single platform, the bank has also been able to introduce standardization of its processes across entities, reduce infrastructure and operational costs.
Volksbank Wien Completes Comprehensive SaaS Lift-and-Shift Project with Murexsee more
Murex, Amid Hiring Drive, Ranked Second-Best Place to Work in France, Glassdoor Reportssee more
Anadolubank Goes Live on MX.3 with MXGO for Treasury and Trading Managementsee more
Murex Sees Strong Recognition at Asia Risk Technology Awards 2022see more
Murex Develops Interface that Offers Fixed Income, Derivatives Data from ICEsee more
Murex Extends Winning Streak in IBSi Sales League Tablesee more
MX.3 Again Named Software Solution of the Year at the FTF Awardssee more
Bank Pekao SA Selects Murex to Optimize Total Cost of Ownershipsee more
Piraeus Bank Completes Rationalization Project with Murexsee more
Murex Ranked as a Top 10 Place to Work in France on Glassdoorsee more