Trading - Technology

Murex – Software Giant to Establish Physical Presence in Nicosia

Murex, the global leader in trading, risk management and processing solutions for capital markets, officially announced that it will establish a physical presence in Nicosia, Cyprus to bolster its regional footprint in the Europe-Middle East-Africa region.

Murex stated on a press bulletin;

“After a deliberative process, Murex selected Nicosia among a host of other possible locations as a satellite of its Beirut office, the center of the MEA region and an essential innovation site for Murex. Nicosia is scheduled to open in July 2021, leveraging internal expertise from the Beirut office.  Murex is confident that the office in Nicosia will further consolidate its capacity to deliver on its commitments to Murex clients in the long run.”

George Campanellas, Chief Executive of Invest Cyprus, said Murex’s decision reflected Cyprus’s growing status as a global hub for fintech, with the French technology giant joining leading names in the industry already established on the island.

Recent announcements made by technology giants such as Amazon and Murex to establish offices in Nicosia, Cyprus as well as already established businesses like Amdocs, Wargaming, 3CX and many more are very encouraging and shows that Cyprus is slowly becoming one of the top emerging investment destinations for the fintech industry and international ICT companies.

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