On September 13-15 of this year, a workshop of the Georgian Financial Markets Treasury Association and technology company Murex’s representatives was held at the National Bank of Georgia in order to present the automated treasury management program (MX.3) and discuss the integration solutions.

     Representatives of commercial banks of Georgia,  microfinance organizations and Pension Agency also attended the meeting. The workshop was held in a hybrid format, with the physical presence of the part of the participants and also, remotely by electronic means.

    The main objectives of the event were also to define the roles and responsibilities of the parties involved in the joint project, to review the organizational structure and to improve the business relations between the interested parties and Murex.

    There have been active working on the implementation of the automated treasury system since 2020, with the support of the  Georgian Financial Markets Treasury Association. Murex was selected among three international technology suppliers, considering the best price and functionality.

     The following issues were discussed with the agenda of the workshop:

    • The first day of the workshop was devoted to the functional and technical issues of MX.3 platform in terms of front, middle and back offices, risks and IT directions;

    • The issues discussed on the second day are: integration, system interface, platform security and internal system layout;

    • On the third day, issues of project management, methodology, roles and responsibilities were discussed.

     At the last stage of the workshop, a separate meeting was held with the management of financial institutions participating in the project, where Murex made a presentation about the company and the system offered to the Georgian market. Additionally, participants of the meeting discussed and planned the next steps, which are necessary for integration and to be implemented by the parties.

      Brief information about Murex:

   Murex management is committed to the idea of financial technology innovation that facilitates and strengthens capital markets. The customers of Murex’s technologies are: banks, clearing houses, corporates, Investment managers, Energy and commodities trading representatives, Public Agencies.

    The MX.3 platform is an automated system that provides users with the ability to accurately and continuously transform IT solutions into financial services. With MX.3, customers enjoy new trading opportunities, expand their businesses and establish themselves in the local market. Financial institutions using MX.3 are in maximum readiness for market evolution and regulatory changes.

    MX.3 is used by 65/100 top international banks. More than 57,000 users use the platform daily. Murex partners with over 300 clients, including global banks, market makers, leading multi-regional banks, regional and national banks.

   For more information about Murex, please visit the website: https://www.murex.com/en/en/who-we-are/about-us