12 January 2017
With more than 40,000 users around the globe, Murex is one of the larger providers of software solutions for the financial services industry. The firm’s software is used across capital markets functions for running, among others, trading, hedging, funding, risk management or processing operations. Murex’s latest platform, its third generation solution MX.3, has in recent months received a number of accolades and recognitions on the back of its technology, functional richness, flexibility and customer-friendly interface.
Similar to other large software providers such as SAP, Oracle or Celonis, to name a few, Murex hosts a partner programme with key external players active in the capital markets landscape. With the network, the Paris-headquartered solutions firm aims at supporting its clients with a complete life-cycle of expert services, from Murex design and implementation to delivery and maintenance capabilities. “With a robust network of trusted partners Murex is able to serve clients across the globe, offering a high level of service, while reducing the Total Cost of Ownership (TCO) of its platform on the long run”, states the firm on its corporate website.
In the area of consulting and systems integration, several well-known consultancies such as Accenture, Capco, Capgemini, Sapient Global Markets and Iridium Consulting have in recent years qualified as a partner. The latest consultancy to be earmarked for its credentials is Varrlyn, an Amsterdam based consulting firm that specialises in IT technology within the financial services industry.
Since the firm’s founding in 2010, the consultancy has completed multiple Murex projects, including for (retail) banks and a large asset manager. The firm in addition provides a number of clients in the Netherlands with managed services for their Murex platform, ranging from central clearing and binary upgrades (Agile/DevOps) to greenfield and collateral management.
“We are delighted with the recognition from Murex,” says Martin Defauwes, one of the three co-founders of Varrlyn. “The acknowledgment of our Murex credentials demonstrates our Murex expertise, our company’s edge when it comes to Murex implementations and the good working relationship between both companies,” he adds.
Looking ahead, Defauwes says that demand for Murex is on the rise – in line for the growing shift towards more agile solutions in the financial services industry. “The industry is facing a major shake up with technology at its forefront. In the capital markets space, being able to operate quickly and efficiently is dominating agenda’s. Murex’s MX.3 platform is leading the way, and we look forward to continue to serve clients across Europe with our capacities.”