London, 23 June 2020 – Duco, the global provider of self-service data integrity and reconciliation services, and Murex, the leading provider in trading, risk and processing solutions for treasury and capital markets, have teamed up to provide clients with a comprehensive data reconciliation solution enabling improved automation and straight-through processing across a range of asset classes.
Murex is committed to bringing innovative solutions to its 50,000 users who rely on MX.3, Murex’s platform, to support their daily business activities.
Through this partnership, MX.3 data is natively available in Duco’s cloud-based SaaS platform allowing Murex clients from the sell side or the buy side to easily perform key reconciliations related to their security, collateral, cash positions and progressively additional financial objects. This enables MX.3 users to benefit from the following:
- Plug and play – users can seamlessly upload data from MX.3 into Duco’s SaaS platform and run reconciliations in a matter of minutes, with no coding or development needed
- Machine learning – Duco’s machine learning functionality greatly increases reconciliation setup speeds while reducing exceptions and manual interventions
- Smart workflow – exceptions can be automatically labelled and assigned to individuals or groups, while users can take action directly from the MX.3 dashboard
Murex is constantly investing in MX.3 to simplify operations, increase automation and reduce operational risk. Sitting at the core of a client’s capital markets infrastructure, MX.3 allows clients to seamlessly leverage Duco’s innovative data reconciliation and integrity services thanks to its openness and ease of connectivity.
Christian Nentwich, CEO of Duco, said, “In the current environment, reducing operational risk by improving data integrity and removing manual work has arguably never been more important. We are delighted to partner with Murex, a leading player in the capital markets industry, who share our vision of reducing friction throughout the trade lifecycle by leveraging intelligent technology. Our mutual clients will see significant time savings as a result, while also having complete trust in their data.”
Etienne Ravex, Head of Product Management for Operations at Murex, commented: “This partnership allows us to propose the best post-trade solution to our clients to better control operational risk management, increase STP rates and ultimately automate the end to end processes. We are looking forward to adding more use cases to this joint solution in the near future.”
For more than 30 years, Murex has been providing enterprise-wide, cross-asset financial technology solutions to capital markets players. Its cross-function platform, MX.3, supports trading, treasury, risk and post-trade operations, enabling clients to better meet regulatory requirements, manage enterprise-wide risk, and control IT costs. With more than 50,000 daily users more than 60 countries, Murex has clients across the financial service industry, from banking and asset management to energy and commodities.
Murex is an independent company with over 2,300 employees across 17 locations. Murex is committed to providing cutting-edge technology, superior customer service, and unique product innovation.
MX.3 is specifically designed and engineered to solve the multi-faceted challenges of a transforming financial industry. To know more, www.murex.com