Chartis published in June 2017 its research ‘IFRS 9 Technology Solutions Market Update’, which covers vendors offering IFRS 9 technology solutions for financial institutions. MORS Software is ranked among the fifteen vendors evaluated to meet the needs of banks.
In the Market Update, Chartis explores the challenges banks are facing when implementing IFRS 9 systems to comply with the IFRS 9 regulations by 1 January 2018. Furthermore, Chartis Market Update assesses the vendor landscape and technology trends for IFRS 9 and gives a summary and an outline of the IFRS 9 technology marketplace.
The IFRS 9 rules, principles and requirements are complex, Chartis summarises in the report: “Because IFRS 9 is a demanding multi-disciplinary deliverable applied to a complex global marketplace, it is rare that one vendor, can provide everything as a ‘one-stop shop’. So the vendor landscape is fragmented, and occupied by vendors specializing in enterprise financial accounting, macroeconomic and credit data provisioning, hedge and fair value accounting, credit risk analytics and modeling, and workflow. “
“We are pleased to be acknowledged in the Chartis IFRS 9 Technology Solutions Market Update”, said Mika Mustakallio, MORS Software CEO. “The IFRS 9 coverage in hedge accounting is important for our MORS Treasury Manager customers. Still, we continue with a deeper focus on the Liquidity and ALM services, where our intelligent data management automation and extraordinarily fast IRR calculation speed provide the most competitive advantage for our customers.”
MORS Software provides Treasury, Risk, Liquidity & ALM solutions for banks.
MORS offers integrated real-time analytics for treasury, risk, liquidity and dynamic Asset and Liability Management (ALM). Breaking silos, MORS holistic approach enables monitoring of key liquidity and interest rate risk metrics across treasury and banking book.
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