List of MX.3 for FRTB Customers
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Since 2010, our global team of researchers has been studying MX.3 for FRTB customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased MX.3 for FRTB for Governance, Risk and Compliance from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using MX.3 for FRTB for Governance, Risk and Compliance include: Banorte, a Mexico based Banking and Financial Services organisation with 33372 employees and revenues of $10.31 billion, Bank of Hangzhou, a China based Banking and Financial Services organisation with 13756 employees and revenues of $4.71 billion, Bank of Hangzhou, a China based Banking and Financial Services organisation with 9139 employees and revenues of $3.90 billion, Odea Bank, a Turkey based Banking and Financial Services organisation with 1109 employees and revenues of $500.0 million and many others.
Contact us if you need a completed and verified list of companies using MX.3 for FRTB, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
The MX.3 for FRTB customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic data source!
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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Bank of Hangzhou | Banking and Financial Services | 13756 | $4.7B | China | Murex | MX.3 for FRTB | Governance, Risk and Compliance | 2024 | n/a |
In 2024 Bank of Hangzhou selected MX.3 for FRTB to implement the Fundamental Review of the Trading Book using the Standardized Approach, expanding its use of Murex technology that the bank had first adopted in 2021 for capital markets activities. The MX.3 platform previously supported front-office, back-office and risk management functions across asset classes, and the 2024 decision extended that footprint into regulatory market risk capital computation and reporting.
MX.3 for FRTB was implemented with a preconfigured setup of FRTB Standardized Approach rules across multiple jurisdictions, complemented by customization to address China specific variations mandated by the National Financial Regulatory Administration. Key functional capabilities delivered include FRTB Standardized Approach rule engines, integrated model validation workflows, and configuration layers that accommodate NFRA deviations from the Basel Committee on Banking Supervision standards.
The FRTB solution was integrated directly into the bank's existing MX.3 platform, eliminating separate interfaces and reconciliation processes between market risk and front to back workflows. Operational scope for the implementation covered capital markets risk management, trading book capital calculation and product launch support, impacting front office, risk management and back office product control teams.
Governance and rollout followed a structured evaluation in January 2024, then an eight month delivery timeline executed with Murex professionals and external advisors to meet the January 2025 compliance deadline. The project leveraged Murex experience from more than 40 international FRTB projects and used packaged FRTB knowledge that Murex has developed since its initial FRTB solution release.
Explicit outcomes reported by the bank include achieved compliance with NFRA requirements, increased productivity through reduced reconciliation work and streamlined model validation, and shorter time to bring new products to market. This implementation is categorized under Governance, Risk and Compliance and aligns MX.3 for FRTB with the bank's regulatory capital and market risk governance needs.
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Bank of Hangzhou | Banking and Financial Services | 9139 | $3.9B | China | Murex | MX.3 for FRTB | Governance, Risk and Compliance | 2024 | n/a |
In 2024, Bank of Hangzhou implemented Murex MX.3 for FRTB to address new NFRA/Basel trading book capital requirements, with a compliance target achieved by January 2025. The program extended the bank’s risk infrastructure within the MX.3 landscape and explicitly targeted FRTB SA workflows to support market risk capture and regulatory reporting in China.
The MX.3 for FRTB deployment is positioned in the Governance, Risk and Compliance category and was configured to operationalize FRTB calculation engines, standardized approach risk metrics, and regulatory reporting pipelines. Functional capabilities implemented included FRTB SA risk calculations, model validation orchestration, and regulatory output generation tied to capital adequacy processes.
Technically, the FRTB scope was integrated into the bank’s existing MX.3 front to back platform, eliminating separate interfaces and reconciliation steps between trading, risk, and reporting layers. This consolidation unified position and PnL feeds inside MX.3, reduced reconciliation workstreams, and streamlined end to end workflows for risk analytics and product onboarding.
Governance changes accompanied the rollout, with model validation and validation sign off processes embedded into MX.3 operational workflows and regulatory reporting governance aligned to NFRA and Basel timetables. Bank of Hangzhou reported strengthened market risk and regulatory reporting capabilities as a result, and the implementation shortened model validation cycles and accelerated product launches within its trading book operations.
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Banorte | Banking and Financial Services | 33372 | $10.3B | Mexico | Murex | MX.3 for FRTB | Governance, Risk and Compliance | 2022 | n/a |
In 2022, Grupo Financiero Banorte implemented MX.3 for FRTB within its Governance, Risk and Compliance program. The deployment targeted a full transition to Basel IV FRTB across front office, back office and enterprise market risk operations in Mexico.
The program consolidated pricing, XVA, counterparty risk and market risk calculations on MX.3 for FRTB to deliver consistent figures across trading desks and reduce operational reconciliation. MX.3 for FRTB was configured to support real time monitoring and regulatory reporting workflows, aligning valuation and risk metrics across trading, risk and back office functions.
Operational coverage included front office trading desks, back office valuation and settlement teams, and centralized enterprise market risk teams within Banorte's Mexican operations. The consolidation created tighter traceability from valuation inputs through risk calculations to regulatory reporting, implying integrations with upstream pricing feeds and downstream reporting channels without identifying specific systems.
Governance changes centered on centralizing calculation ownership and standardizing market risk controls, establishing a single source of truth for market risk data and workflows. Outcomes reported by the program included improved real time monitoring, enhanced regulatory reporting and strengthened market risk controls, and a reduction in operational reconciliation.
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Banking and Financial Services | 1109 | $500M | Turkey | Murex | MX.3 for FRTB | Governance, Risk and Compliance | 2025 | n/a |
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