Bank Pekao, Poland’s second largest bank and one of the largest financial institutions in Central and Eastern Europe, has selected Murex’s solution and plans to implement its MX.3 platform to optimize costs of the bank’s ongoing, comprehensive technological transformation.
Murex has accompanied Pekao on the transition to the unified integrating platform, slated to be delivered in 2022. The implementation covers front-to-back-to-risk, cross-assets. The platform also addresses collateral and hedge accounting along with accounting, and regulatory reporting for Fundamental Review of the Trading Book (FRTB) and Standardized Approach for Counterparty Credit Risk (SA-CCR).