Banorte Digitizes Risk Operations
One of the largest financial institutions in Mexico is digitizing core risk and compliance functions to consolidate operations, reduce reconciliation costs and future-proof its IT infrastructure.
Banorte, Mexico’s second-largest investment bank, is extending its integration of the Murex MX.3 platform to automate and digitize operations such as counterparty risk, derivatives valuation adjustment (XVA) and collateral management.
Financial market firms often face inefficiencies and operational issues due to legacy-laden, fragmented systems divided across various business lines. Many of the problems have developed due decades’ worth of mergers, acquisitions and a complex variety of
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