Following the successful deployment of MORS Treasury Management System, MORS Software is thrilled to announce the completion of the second phase of our project with Monzo Bank – the implementation of our Asset Liability Management (ALM) system. This marks another significant milestone in our partnership with the UK’s largest digital bank.
The ALM system is designed to enhance Monzo Bank’s capabilities in managing market risk, liquidity risk, and balance sheet management. This implementation is part of the ongoing efforts to enhance Monzo’s ability to navigate the complexities of financial markets with greater precision and efficiency.
Building on the success of the initial Treasury Management System implementation, this second phase further solidifies MORS’s commitment to delivering comprehensive financial solutions. The ALM system integrates seamlessly with Monzo’s existing operations, providing a unified platform for risk management and strategic decision-making.
Reflecting on the project’s timeline, it’s notable that MORS was chosen by Monzo Bank in early 2023 for an implementation of both the Treasury and ALM modules of MORS. True to our reputation, we successfully completed the Treasury Management System phase in mid 2023 and have now finalized the ALM system implementation in Q1 2024. It’s remarkable how our team maintained the schedule, completing both the Treasury and ALM system implementations within the planned timelines.
Jari Ojanen, Chief Operating Officer at MORS Software, expressed his satisfaction with the project’s progress: “The completion of the ALM system implementation is a testament to the strong collaboration between Monzo Bank and our team. It’s been a journey marked by shared dedication and a mutual focus on excellence.”
Paul Newton, Business Development for MORS Software, also commented on the project’s success: “With the ALM module now in place, Monzo is equipped with one of the most sophisticated financial management tools in the industry. This achievement underscores our ability to meet the needs of leading digital banks like Monzo and reinforces our position as a preferred partner for ALM and TMS in the UK banking market.”
The successful implementation of our integrated Treasury Management and ALM system at Monzo Bank showcases MORS’s expertise in delivering state-of-the-art financial software solutions. As we celebrate this milestone, we look forward to further strengthening our relationship with Monzo Bank and continuing our growth in the UK financial sector.
For more information about MORS and our Asset Liability Management system, please visit our website at https://morssoftware.com/ or contact our media relations team.
Media Contact: Sofia Maunula, Marketing Manager, MORS Software, sofia.maunula@morssoftware.com, +358408204310
About Monzo
Monzo was founded in 2015 and now serves more than 9 million customers, making it the largest digital bank in the UK as well as the 7th largest UK bank by customer numbers. With a mission to make money work for everyone, Monzo is known for pioneering industry-first features like the Gambling Block and Call Status and co-creating with its customers to deliver products and tools that put them in control of their finances. Monzo is a fully regulated UK bank and topped the CMA’s most recent industry-wide poll of customer satisfaction for both its personal and business accounts.
