At the initiative of the National Bank of Georgia, the country's banking sector, in cooperation with the Treasury Association, will implement a new treasury management software system. 

This platform aims to enhance the efficiency of bank treasuries, improve the management of operational and financial risks, and foster greater efficiency of local financial markets. These improvements will, in turn, boost investor confidence and promote long-term economic growth. Banks will gain access to a centralized, integrated solution for managing treasury activities, including trading, risk assessment, and regulatory compliance. As a result, financial institutions will be able to manage financial risks more effectively, optimize their trading activities, and improve overall operational efficiency. 

Murex MX.3 is expected to deepen the financial market by increasing trading volumes, expanding the use of derivatives for risk hedging, and improving the efficiency of price discovery. 

An agreement on participation in the project was signed by the Treasury Association and six commercial banks: Bank of Georgia, TBC Bank, Liberty Bank, Basisbank, Terabank, and Cartu Bank. 

As part of the project, the National Bank of Georgia will develop the necessary hosting infrastructure for the system, ensuring a stable, secure, and reliable environment for its operation. The Treasury Association will oversee the planning, organization, and implementation of the project's strategic goals, while the commercial banks will bear the essential costs. 

During the system selection process, the parties reviewed international experiences and practices before choosing MUREX MX.3 as the optimal solution. Notably, 65 of the world’s 100 largest financial institutions trust this platform, with over 60,000 daily users managing complex financial operations. 

The next phases of the project will focus on finalizing implementation terms, tailoring the platform to the specific needs of participating banks, and conducting pilot testing to validate system performance before full deployment.