Murex Wins Five Asia Risk Technology Awards Categories

Outstanding result underscores company commitment to fintech innovation and regional leadership

SINGAPORE, September 27, 2024 – Murex, the global leader in trading, risk management, and processing solutions for capital markets, is thrilled to announce a remarkable award haul at this year’s Asia Risk Technology Awards.

Amid an increasing number and diversity of submissions, Murex and the MX.3 platform were recognized as Technology Vendor of the Year, XVA Solution of the Year, Collateral Management Solution of the Year and Pricing and Trading System of the Year.

Murex also won Best Product for Capital Markets.

“We’re humbled by this recognition,” said Daijirou Morinaga, APAC co-head of client services and a managing director at Murex. “Today, 20 of the Top 30 Asian banks rely on MX.3 daily. Existing clients in the region have grown their MX.3 business footprint, implementing extensions covering diverse topics, from new product roll outs to regulatory compliance and risk management. Our customer base in increasingly spread across APAC and we expand accordingly, with exciting news upcoming. We are committed to serving our clients in the region and continuously innovating.”

This latest Technology Vendor of the Year designation underlines Murex’s dedication to delivering industry leading advancements in modernization, product innovation, and regulatory compliance to the APAC region. It is the sixth time Murex has claimed the spot since 2018.

Murex won the inaugural Best Product for Capital Markets in 2023 and again this year. The accolade recognizes an integrated solution, MX.3 for P&L (Profit and Loss), newly developed in partnership with UOB Bank, one of the largest Southeast Asian banks by assets. MX.3 for P&L streamlines the production, validation and reconciliation of P&L. P&L is transformed into a dynamic object, enabling a seamless, transparent and collaborative workflow.

This is the first time Murex applied for the Collateral Management Solution of the Year category. The MX.3 for Collateral Management solution streamlines operations, enhances efficiency, controls risk and reduces costs. Key differentiators include its comprehensive integration from front-to-back-to-risk, adaptability to local regulatory requirements, and proven success across diverse markets, such as India and Thailand. The solution automates end-to-end collateral activities and seamlessly connects with key utilities in the ecosystem.

In its Pricing and Trading System of the Year and XVA Solution of the Year awards, Murex was recognized for integrated solutions across processes. MX.3 excels in pricing and trading with its comprehensive trading tools, robust pricing and structuring capabilities, and a catalog of over 350 financial instruments. Its adaptability to local market needs and regional support make MX.3 a top choice in APAC. This flexibility allows banks to implement new products quickly and efficiently scale operations. Additionally, MX.3 for XVA Management integrates seamlessly across a bank’s capital markets ecosystem, supporting pre-deal pricing, real-time analysis, regulatory compliance, and precise funding value adjustments, with flexible, cloud-based deployment options for optimized performance and cost efficiency.