Millennium bcp, Portugal’s biggest private-owned bank, with operations also in Poland and Mozambique, has entered a strategic partnership with Murex, the trading and risk management solutions vendor. The bank will adopt Murex’s MX.3 platform to strengthen its market risk management capabilities and ensure compliance with the Fundamental Review of the Trading Book (FRTB).
The initiative will span the bank’s operations across all three countries, establishing a unified and robust risk framework. Murex will provide capabilities to monitor market risk across these geographies, covering the full spectrum of asset classes managed by the bank, including interest rates, foreign exchange, equities, credit, and derivatives.
This deployment is a key part of the bank’s risk transformation journey, aimed at aligning its oversight with global standards and enhancing operational efficiency. Implementation of the MX.3 platform is set to begin this year, with rollouts phased according to functional priorities.
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