Murex boosts PZU Group’s asset management platform

By Megha Bhattacharya

Murex announced that it has served as a technology partner for PZU Group as it implemented a platform solution to manage its own investments and assets, as well as those of its customers. The cross-asset front-to-back-to-risk portfolio management solution providing collateral and order management and compliance and security features is modelled on Murex’s MX.3 platform. The implementation was delivered through a governance framework and a tri-party delivery model between DXC Luxoft, Murex and PZU.

“We congratulate PZU on its successful implementation under the unique constraints of the past year,” said Murex Managing Partner and Co-founder Philippe Helou. “This new platform benefits from MX.3 tech and should benefit PZU and its customers as it pursues an ambitious international strategy.”

Murex stated that the implementation will provide PZU with a consolidated, integrated, cohesive system, ensuring a faster flow of information between departments involved in closed transaction processing and business process automation, better serving clients. Recently, Murex announced that it has teamed up with self-service data integrity and reconciliation services provider Duco. The collaboration will facilitate the delivery of a data reconciliation solution for enhancing automation and straight-through processing across a range of asset classes.

“We set ourselves clear and ambitious goals. One of them is building and strengthening the leading position in the area of investments. In the coming years, we will focus on increasing the share of external clients’ assets and building an investment process that will facilitate the generation of above-average and repeatable rates of return on investment. The implementation of a new technology solution is closely related to the achievement of our goals,” says Tomasz Kulik, Group CFO at PZU.