25 November 2017
visit www.avoka.com

FIM Bank deploys Mors software

26 April 2012  |  2592 views  |  0 Source: Mors

FIM Bank, a Finnish credit institution providing investment-related banking services to institutional and private investors, has implemented Mors Retail Products-module for intra-day monitoring of the position keeping, risk measurement and analysis of its treasury and banking book as a whole.

FIM Bank installed MORS Treasury Front & Middle solution in 2007 to integrate treasury and risk management into one single system. Through the MORS solution, FIM Bank follows the treasury's daily P/L, positions and interest rate risks.

In addition to treasury operation, FIM Bank also wanted to include its deposits, cash accounts and credit products (banking book) into MORS to be able to keep track of the performance for the entire bank. This was accomplished by adding the MORS Retail Products-module to the previously installed MORS solution.

With the MORS solutions, FIM bank is now able to calculate P/L, evaluate interest rate risk, and monitor cash flows for the entire banking operation, including the banking book.

Jani Kempas, Head of Treasury, FIM Bank comments: "First of all, the implementation of MORS Treasury Front & Middle solution was a surprisingly straight-forward process and allowed us to take the solution in to production at a very early stage. Adding MORS Retail Products-module into the existing implementation was executed in few days. It is a clear benefit to us to receive P/L, positions and interest rate risk figures for the whole bank from one single solution - MORS."

Mika Mustakallio, CEO, MORS Software says: "We are pleased to have delivered the MORS Retail Products-module to FIM Bank, adding value to the bank's treasury and risk management function. FIM Bank can now monitor and manage integrated treasury and banking book data regarding risks and profit for the whole bank." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

MORS Software

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.capgemini.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
Sepa instant payments goes liveSepa instant payments goes live
10966 views comments | 46 tweets | 79 linkedin
ING brings data privacy to blockchain transactionsING brings data privacy to blockchain tran...
9531 views comments | 25 tweets | 37 linkedin
hands typing furiouslyHow Fintech Companies are disrupting the C...
8197 views 0 | 20 tweets | 9 linkedin
Axis Bank uses Ripple to open new payment corridors between the UAE and SingaporeAxis Bank uses Ripple to open new payment...
8125 views comments | 8 tweets | 22 linkedin
UK Open Banking expanded to cover all PSD2 productsUK Open Banking expanded to cover all PSD2...
7803 views comments | 21 tweets | 47 linkedin

Featured job

Find your next job