Bancolombia Live on Murex's MX.3 Platform

Bogota, Columbia (ots/PRNewswire) -

Bancolombia successfully rolls out Murex's world-class platform to
enhance its Treasury & Capital Markets businesses and becomes the 1st
Latin American Bank Live on MX.3.

Murex, the leading provider of integrated trading, risk management
and processing solutions, today announced that Bancolombia, the
largest commercial bank in Colombia and one of the largest in Latin
America, has successfully completed the major expansion of the Murex
MX.3(TM) platform successful implementation. The platform enables the
bank to fully automate and streamline its business process while
enabling complete compliance coverage with the most stringent market
regulatory standards by providing real-time risk aggregation and
monitoring of its Fixed Income, Interest Rate and Foreign Exchange,
Cash and Derivatives businesses.

Bancolombia is the first regional bank in Latin America relying
fully on Murex's advanced front-, middle-, back-office processing and
risk management functionalities for its treasury and capital markets
activities. The platform was rolled out in different phases and today
supports over 350 users in Colombia (Medellin, Bogota, Cali and
Barranquilla) and regional subsidiaries in Panama, Florida and Puerto
Rico.

The decision to move to the Murex platform stemmed from the
necessity for Bancolombia to convert its infrastructure into an
engine for growth, by reinforcing its robustness, strengthening the
risk management framework and equipping its trading desks with the
right set of tools able to support innovative business strategies.

"Murex had a proven industry track record which made it a reliable
solution provider to turn to," said Juan Carlos Mora, Vice president
Technology, Operations, and Administration at Bancolombia. "What
really made a difference was Murex's ability to make their global
market expertise applicable to the specificities of our domestic
market and develop a keen understanding of our challenges in growing
our footprint in Latin America and beyond. This translated as much in
the functionalities and product coverage developed than in the
services and guidance provided through the implementation."

Maroun Edde, Group CEO at Murex adds: "We are delighted at this
new milestone which further consolidates our commitment and presence
in Colombia and Latin America. Bancolombia is a strategic partner for
Murex, and we look forward to continuing to support their ongoing
successful growth in regional and international capital markets."

About Bancolombia

With over 130 years of experience, GRUPO BANCOLOMBIA is the
largest financial conglomerate in Colombia, offering a wide range of
financial products and services to a diversified individual and
corporate base of more than 7 million customers. GRUPO BANCOLOMBIA
delivers its products and services via its regional network comprised
of Colombia's largest non-government owned banking network, with over
975 branches, 3,700 ATMs, 1,170lbanking agents, as well as the rest
of our electronic channels.

BANCOLOMBIA is also present in Central America, with El Salvador's
leading financial conglomerate (Banagricola S.A.), off-shore banking
subsidiaries in Panama, Cayman and Puerto Rico, as well as an agency
in Miami. Together, BANCOLOMBIA and its subsidiaries provide stock
brokerage, investment banking, leasing, factoring, consumer finance,
fiduciary and trust services, asset management, and insurance, among
others.

About Murex

http://www.murex.com/webdoc/About_Murex.pdf
[http://www.murex.com/webdoc/About_Murex.pdf_ ]

For additional information
Mireille Adebiyi, Global Marketing & Communications Manager, +33(0)1-44-05-32-00,
mireille.adebiyi@murex.com

ots Originaltext: MUREX
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