Turkish Bank Selects Murex Risk Platform
Burgan Bank went live with Murex's MX 3 risk platform.
Burgan had to implement a new front, middle and back office system within a two-year timeframe. After a selection process overseen by Accenture, Burgan went live with the Murex platform to get support for its local and group-wide operations.
“Our selection process was about more than just the system – it was about the company that we would be in partnership with. We wanted to be sure it would be around for at least 10 years, if not more than that,” says Mutlu Akpara, the head of treasury and capital markets at Burgan Bank in Istanbul.
With a strong presence in the Middle East, North Africa, Europe and the Americas, Burgan Bank hopes the platform will help the firm unlock potential for growth in the derivatives business.
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