Banorte deploys the Murex credit risk management platform

Murex, the global leader in trading, risk and processing solutions for capital markets, is pleased to announce that Banorte has successfully implemented Murex’s flagship MX.3 platform for its risk management credit and the deployment of its XVA office.

Sales, sales and operations teams have trusted the Murex platform for over a decade. Following an extensive selection process, Murex’s platform was chosen by Banorte to adopt advanced credit risk mitigation techniques and enable the organization to deploy a new XVA office.

Find out more about the benefits of Banorte in a case study describing the specifics of the project.

“We are delighted to see that the MX.3 platform is being used by Banorte for its XVA office,” said Jean Carrer, Business Development Manager for Murex’s Mexico offices. “This strengthens our partnership, paves the way for the replacement of additional systems and highlights Murex’s position as a leading technology provider in credit risk and XVA in Latin America. “

“At Banorte, we have successfully implemented the Murex PFE solution to enhance the credit risk analytical solution that we have used for many years with Murex and deploy more modern credit limit management measures,” said Abraham. M. Izquierdo, FRM: Executive Director, Risk, at Grupo Financiero Banorte. “This deployment of PFE was made possible thanks to our partnership with Murex and its Upgrade as a Service. In 24 months, we have completed two upgrades and brought many new functions to our business: Guarantee, Open Equity Window, LIBOR Reform and, of course, PFE and XVA. Murex’s ownership of this process allowed Banorte to focus on our own complete overhaul of the internal workings for the establishment of a dedicated XVA office.

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