- 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
NBK to Integrate its Money, FX and Capital Markets Business with Murex’s MX.3 Platform
MX.3 platform will enhance NBK's prudent strategy and compliance with regulations
PARIS, 9 December 2019 — The National Bank of Kuwait's (NBK) has signed a contract with Murex, an industry leader in trading, risk management and processing solutions for money, FX and capital markets, to implement a full replacement of its legacy IT systems at Group Treasury and Investments with the MX.3 platform.
Founded more than 30 years ago, Paris-based Murex is a global provider of cross-asset financial technology solutions to players in the money markets, FX markets and capital markets. In addition to having more than 50,000 daily users in 60 countries, Murex has a presence in 17 financial hubs around the world including New York, Singapore, London and Dubai.
MX.3 will become NBK’s fully integrated solution for trading, book keeping, risk management, operations, collateral management, treasury and investments for the front, middle and back offices across the bank’s Kuwaiti operations and its international branches and subsidiaries, including Paris, London, New York, Singapore, Dubai and Beirut.
The replacement process has already started in NBK's branches in Kuwait and Bahrain; and the first go-live is anticipated in 2020.
"The deal marks NBK's keenness to implement top-notch, high-tech and the most efficient solutions, in line with the bank's digital transformation strategy," said Jad Zakhour, Deputy General Manager – Group Treasury, commenting on implementing the MX.3 platform.
"NBK adopts full-fledged and innovative solutions to enhance its risk-management portfolio. The MX.3 platform will help implement NBK's prudent policies and will further allow the bank to manage existing and future regulations across markets and extend its product offering, primarily across investment products and hedging solutions," he added.
"Integrating our business portfolio with Murex MX.3 platform will help provide cutting-edge technology and unique product innovation for the whole Group," he noted.
Philippe Helou, Co-founder and Managing Partner at Murex added, “We are truly excited to be working with NBK to deliver the technology they need to extend their product offering throughout Kuwait and beyond. We seek long-term partnership with NBK amid a trend in the region towards high-tech, fully integrated solutions to replace legacy platforms, fueling demand for sophisticated modern banking systems in the region.”
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