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Murex partners with Rabobank to expand securities finance solution


06 July 2023 EU
Reporter: Jamie Richards

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Image: Charlotte B/stock.adobe.com
Murex has partnered with Rabobank to expand its securities finance offering with the release of MX.3 for Securities Finance.

French software fintech Murex and Netherlands-based bank and financial services firm Rabobank have collaborated on expanding Murex’s MX.3 front-to-back-to-risk integrated banking technology platform.

Murex says MX.3 for Securities Finance aims to help traders to make informed trading and collateral allocation decisions through real-time monitoring and settlement-aware inventory, to improve time-to-market of new products, and automate trading processing with a focus on increasing straight-through processing (STP) rates.

Murex also suggests that its low-touch platform will be useful in breaking silos and mitigating risk by consolidating securities finance, collateral operations, post-trade processing, and risk management in a single system.

Murex says MX.3 for Securities Finance offers firmwide inventory for available assets, a catalogue of physical and synthetic instruments, as well as post-trade processing automation. Users are also able to monitor risk and inventories in real time and instantly connect with settlement and collateral management.

Rabobank, already a client of Murex and user of its MX.3 platform, contributed multi-disciplinary teams to the iterative development process.

François Nissen, global head of securities finance and collateral management at Rabobank, says: “The collaboration between Rabobank and Murex leveraged MX.3’s native integrated platform and produced diverse features that are available in a single system, with a focus on automating the process and producing a low touch and high straight-through processing rate for execution.”

Sabine Farhat, head of securities finance product management at Murex, says: “By working with Rabobank and other major players in the securities finance market, we ensured that all market participants can be served across regions by providing a complete solution, meeting local specificities, from cash lenders and cash borrowers to securities lenders and securities borrowers.”
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