Big data and cloud computing are banks' next tech challenges

Bank technology needs continue to evolve

Guy Otayek, Murex Asia Pacific

There are myriad origins of technology firms serving the derivatives markets: some companies found their way into financial modelling after starting out in hardware while others saw an opportunity to grow existing franchises focused on the cash sector. But Murex has specialised in derivatives since it was formed in Paris in 1986, to support an as-then nascent market.

Over the years it has extended its coverage of asset classes and supported the emerging discipline of risk management to create a

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