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Bank of China selects Murex MX.3 platform

Bank of China has decided to implement Murex's MX.3 platform, to streamline its treasury and trading activities for growth.

Designed to provide fully integrated front-to-back services for treasury & trading, the new technology will replace Bank of China’s legacy systems and build a combined infrastructure to boost STP effectiveness and improve risk management and control.

The technology will be implemented across various asset classes including foreign exchange & money markets, fixed income, foreign exchange derivatives, interest rates derivatives, commodities, equity derivatives, credit derivatives and inflation.

Covering all important functions of the trade life cycle from front to back office, including risk and collateral management, the tool will boost business processes, cost and performance analysis, while open channels for new development projects.

The lender said that the multi-asset class treasury and capital markets technology will be implemented to 1000 users in BOC’s head office and 35 of its overseas branches globally.

Upon completion of the technology upgrade, the bank will be able to deal with trading and treasury activities on a single system, providing a holistic view of risk across the group and supporting its controlled and sustainable growth strategy.

Bank of China delivers financial services including corporate banking, personal banking and financial market business in China’s mainland, Hong Kong, Macau and other 31 countries, globally.