MORS has been awarded as “Bank ALM System of the year 2018” in the risk technology award. This software is a highly scalable solution that encounters a very large portion of ALM requirements in the banking sector. MORS is intentional for ease of use and cost efficiency along with a high level of computerization with low upkeep says, Roger Samara.
Moreover, the system offers suppleness of configuration and reporting. In fact, a single core system supports a set of operational modules, like balance-sheet administration, liquidity risk management, funds transfer pricing and counterparty credit risk etc. Actually, data management and appeasement are generally automated.
MORS imports data changes as they befall rather than importing the whole balance sheet at once. For wholesale banking dealings, like wholesale funding transactions, balance-sheet items are introducible in real time to have a substantial effect on the calculation results of key performance indicators, such as net interest income. Banking book dealings are usually introducible once or twice per day. Splitting the import as well as the frequency of data in this way evades load bottlenecks emphasis, Roger Samara.
Features of MORS software
MORS’ real-time competences empower users to encounter internal and regulatory requirements for ad hoc and immediate what-if calculations. It also means the system can offer real-time monitoring and supervision of limit and early-warning levels, usually for interest rate risk and liquidness risk management ratios.
In order to meet growing demand for interior and external controlling reporting, MORS’ offer rule engines. Using these engines the banks can define norms for new regulatory necessities and then run reports on their basis without upgrading the MORS software. The same rule engines are used for defining interior reporting needs and configuring calculations.
MORS presently added its Interest Rate Risk Scenario Engine. This makes it easy and fast for banks to complete sophisticated and challenging ALM calculations. The calculations include income-based calculations like earnings-at-risk and value-based calculations like economic value of equity. Along with this, the engine allows banks to do dynamic balance-sheet projections, including dynamic balance-sheet evolution settings. Plus, MORS recently introduces progressive parallel processing competencies and the choice to deploy on Microsoft’s Azure cloud said, Roger Samara.
Let’s find out what Mika Mustakallio — chief executive of MORS Software says
According to him, MORS Software is the best Nordic solution provider for capital management, liquidity risk supervision and ALM in banks. It is based on intellectual and influential in-memory analytics. And offer real-time scrutiny and reporting throughout the entire bank, assimilating both capital and banking book sides of the bank.
Financial institutions use MORS in order to monitor, manage and optimize their performance and risk levels within exterior and interior constraints. The supple configurability of MORS software facilitates the informal alteration to any controlling necessities and other metrics. This software meets patrons’ ALM requirements by providing a modern and user-friendly solution. MORS scales from fulfilling particular ALM requirements of Tier 1 banks to the joint treasury and ALM requirements of smaller banks.
Banks emphasis on the overall cost of ownership means they are progressively looking to maximize the profit from any system. This is when the value of MORS is completely understandable, with its cohesive treasury and ALM system able to shelter numerous risks.
Bottom Lines
The factor that presently driving alteration is the emphasis on user-friendly and flexible systems. Customers do not have time to regularly make software upgrades and improvements. And they need the aptitude to make variations to an ALM system. A lack of litheness in a system can delay firms’ replies to ad-hoc queries and capabilities to meet changing necessities. It is progressively comprehensible that ALM experts will need the aptitude to calculate five diverse rules rather than four.
The ability to monitor everything in real time makes businesses agile. And from a risk administration perspective, it is essential considering the loss of revenue-producing breaks akin with holding needlessly high buffers. By vigorously handling risk in real time, companies can make better-informed choices.
MORS Software offers a complete asset-liability management (ALM) system that is scalable, as well as user-friendly, says, Roger Samara. The software has won the reward for ALM system of the year following a current move to the cloud and preserving focus on providing clients capabilities for real-time monitoring. Chief executive Mika Mustakallio elucidates the essential trends and technological offerings above that the vendor sees as driving change.
