Murex, a cross-asset financial technology solution, and Amazon Web Services (AWS) have announced a collaboration, expanding on their long-term partnership.
The agreement is the result of many months of technical collaboration between both organisations, and allows Murex to further scale its MX.3 platform into a suite of managed services powered by AWS.
The firm says that 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 cloud-native solution XVA as a service through turnkey services on AWS.
Murex has added four new customers to MXSaaS since the collaboration agreement was signed in June.
Through the collaboration, the Murex platform has benefitted from runtime trends identification, accelerated time-to-market, and service disruption prevention, the firm notes.
The firm also aims to equip FinOps and DevOps practices with technologies and grow its global team to serve a large percentage of its existing and future customer base.
Charlie Sanderson, director, EMEA technology partners at AWS, says: “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.
“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.”
Elias Eddé, CEO at Murex, adds: “Financial institutions face mounting pressure from macroeconomic volatility, regulatory demands, and cybersecurity concerns.
“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.”
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