Paris, France, 28 February 2019 – Murex, a global leader in trading, risk and back-office solutions for the capital markets is proud 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 knowledge of the local market and history of delivering large-scale re-platforming 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.