Murex, a global leader in enterprise-wide, cross-asset financial technology solutions used by sell-side and buy-side capital markets players, and Amazon Web Services (AWS) announced a multi-year strategic collaboration agreement, expanding the long partnership between both organisations.
The agreement is the result of many months of intensive technical collaboration between both organisations, and it allows Murex to further scale its MX.3 platform into a suite of managed services powered by AWS.
Financial institutions can already access unrivaled functional coverage while benefiting from the highest security standards, servicing operational excellence, and the ability to meet evolving regulatory requirements.
The collaboration accelerates the initial deployment and facilitates the frequent upgrade of Murex’s solutions for financial institutions worldwide.
The agreement specifically expands Murex’s software-as-a-service offering, MXSaaS, and innovative cloud-native solution XVA as a Service through flexible turnkey services on AWS. XVA as a Service particularly leverages AWS elastic computing to deliver scalable, sophisticated risk analytics to its clients.
Murex has added four new customers to MXSaaS since the collaboration agreement was signed in June, proving the value of the AWS collaboration and consolidating MXSaaS as a mature, well-established service.
By running on AWS, Murex Managed Services gain enhanced agility, flexibility and resiliency, across Murex’s solution suite, optimising client experiences through technical process automation, performance monitoring, and proactive incident management. Benefits include runtime trends identification, accelerated time-to-market and service disruption prevention.
As part of this strategic shift, Murex is investing significantly in scaling MXSaaS operations.
Its aim is to equip FinOps and DevOps practices with state-of-the-art technologies and grow its global team to serve a large percentage of its existing and future customer base.
“Financial institutions across banking, capital markets, and asset management are increasingly seeking cloud-based solutions that can reduce operational complexity while providing access to innovation,”
said Charlie Sanderson, Director, EMEA Technology Partners, AWS.
“This collaboration combines AWS’s proven infrastructure with Murex’s capital markets solutions to help customers increase agility and time-to-market, while maintaining the highest levels of security, compliance, and efficiency.”
“Financial institutions face mounting pressure from macroeconomic volatility, regulatory demands and cybersecurity concerns,”
said Elias Eddé, Murex CEO.
“Running mission-critical trading and risk management platforms requires significant infrastructure investment and specialised resources to continuously maintain operational resilience and performance. Jointly with AWS, Murex delivers them as a service today powered by AWS, in a further extension of capabilities that Murex has developed over a long time with AWS.”
Featured image: Edited by Fintech News Switzerland, based on image by freepik via Freepik
