Murex
“Can Murex convert its dominant MX.3 on-premises installed base into a scalable managed SaaS business without losing the deep customization that capital markets clients demand?”
Founded in 1986, Murex built MX.3 into one of the capital markets industry's dominant integrated trading, risk, and processing platforms, serving top-tier banks and financial institutions worldwide. For most of its history, Murex operated a traditional on-premises enterprise software model. The key strategic shift came with the launch of MXSaaS, a fully managed cloud SaaS delivery model, which repositioned Murex from a software licensor to a managed-services provider. SOC 1 and SOC 2 Type 2 attestation in 2025 underscores this SaaS pivot as a compliance and trust story for regulated financial institution clients.