Abanca portugal adopts murex’s mx.3 for unified trading infrastructure
Abanca Portugal is betting big on Murex’s MX.3 platform, deploying it across its entire capital markets operation – a move designed to streamline processes and fortify risk management.
A single system, multiple benefits
The Lisbon-based bank, formerly Banco BIC, is leveraging MX.3 as its core infrastructure, encompassing trading, pricing, middle office workflows, back-office processing, and crucially, collateral management. This isn’t just about consolidation; it’s about fundamentally altering how Abanca handles its asset classes.
The implementation effectively replaces a patchwork of legacy systems, a persistent challenge for European banks. Officials state that MX.3 offers a “scalable trading, operations, and risk management infrastructure,” promising significant operational efficiencies and a strengthened control environment. The platform’s capabilities extend to market and credit risk, regulatory compliance, and – importantly – accelerating the deployment of new products.
Murex eyes portuguese expansion
“We are equipping the organization with a state-of-the-art capital markets platform that strengthens our capabilities and supports our long-term ambitions in the region,” said Javier Rivero, Director of IT Investments and Insurance at Abanca Portugal. This is a deliberate signal, underscoring Murex’s commitment to the Portuguese market, and likely a prelude to further expansion within the country.
Murex Group Head of Sales, Edouard Balliere, echoed this sentiment, stating “This milestone reinforces Murex’s commitment to the Portuguese market… We look forward to achieving new milestones and successes together with Abanca.” The move represents a clear intention to solidify Murex’s foothold in a region increasingly focused on digital transformation.
While the exact financial impact remains undisclosed, the shift to MX.3 represents a strategic investment designed to not just improve current operations, but to provide a flexible foundation for future growth. It’s a calculated risk, positioning Abanca to navigate an increasingly complex regulatory landscape and capitalize on emerging market opportunities.