Fenixys- An Aurionpro Company
Fenixys- An Aurionpro Company, a prominent reseller, system integrator, and consulting company, that plays a vital role in numerous system integration and digital transformation initiatives. Fenixys- An Aurionpro Company collaboration with software players such as Murex empowers organizations to embrace disruptive technologies and accelerate their journey to the cloud, thus reshaping their business models.
| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Product | Category | When | Insight |
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stc pay | Banking and Financial Services | 500 | $75M | Saudi Arabia | Murex | Murex MX.3 | Trading Platform,Portfolio and Investment Management | 2024 |
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stc pay | Banking and Financial Services | 500 | $75M | Saudi Arabia | Murex | Murex MX.3 MXGO | Treasury Management | 2024 |
In 2024, stc pay implemented Murex MX.3 MXGO as its Treasury Management platform to establish a formal treasury and trading capability for the Riyadh, Saudi Arabia based digital bank. The deployment of Murex MX.3 MXGO enabled stc pay to evolve from a digital wallet into a full fledged Islamic bank with an up and running treasury function, reflecting a product and platform decision aligned to Islamic finance practices.
The implementation used Murex MX.3 MXGO packaged treasury functionality and standardized MXGO treasury packaging to accelerate delivery, while incorporating best market practices for Islamic finance, including Murabaha processing and Sharia compliant accounting rules. stc pay elected to run Murex MX.3 with an open source PostgreSQL database to obtain scalability, stability and security at a competitive cost, and the project leveraged Murex standardized modules to shorten configuration and testing cycles.
Fenixys, An Aurionpro Company provided on site Murex expertise across project management, solution architecture, requirements gathering and testing services, supporting the integration and operational readiness of the MX.3 implementation. Operational scope centered on treasury and trading activities, product launch enablement for treasury offerings, and compliance with evolving market and regulatory requirements for Islamic banking.
Project governance followed an accelerated delivery model, with the combined stc pay and Murex teams delivering a production ready system within six months by using MXGO packaging and contemporary platform technologies. The collaboration and implementation were externally recognized through Global FinTech Innovation Awards for Best Treasury Implementation Best Project Implementation and as a Regional Winner in the Middle East at the IBSi NeoChallenger Bank Awards, underscoring the implementation quality and market relevance of the Murex MX.3 MXGO Treasury Management deployment.
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