As the year draws to a close, MORS Software reflects on a journey of growth, innovation, and learnings. Here’s a look at some of the year’s most significant milestones:
Growth as a Company
2024 was another year of growth for MORS Software, aligned with our strategic goals. Guided by our mission to empower financial institutions with cutting-edge Treasury and ALM solutions, we upheld our core values of perseverance, resilience, and integrity—embodied in the Finnish concept of Sisu.
We are also proud to be recognized again as one of the strongest companies in Finland, receiving the Strongest in Finland Platinum Certificate, highlighting our financial stability and positive economic impact.
Exciting Client Announcements
We are thrilled to have partnered with several prominent financial institutions this year. These new collaborations include:
- Monument Bank in the UK, adopting our Treasury Management System.
- Two neobank clients as part of our expansion into the UK and Netherlands.
- A new Swedish client leveraging MORS for its ALM solution.
Expanding the Team
This year, we made key additions to our team:
- Chris Blake, Head of Treasury at Unity Trust Bank and Education Director of UK ALMA, joined our Board of Directors. His extensive experience in treasury management and education brings invaluable insights to MORS as we continue to grow.
- Andrew Hobson was appointed as Chief Product Officer. With his expertise in driving product innovation, Andrew is set to play a pivotal role in shaping the future of our solutions.
- Many more professionals joined our teams in Helsinki, Stockholm, the UK, and beyond to support our operations, sales efforts, and development initiatives, ensuring we continue to deliver value to our clients.
Focus on IRRBB
The European Banking Authority (EBA) introduced new IRRBB regulations. Delivering IRRBB to our clients in line with the new regulations was a big focus area for us in 2024. While this push has not been the easiest, we delivered the necessary tools and services to our clients.
Looking ahead to 2025, we are determined to further improve our IRRBB offering and refine our processes to ensure we not only meet but exceed our clients’ expectations.
New Features in MORS
The latest versions of MORS Software introduced features to enhance user experience and efficiency. Key updates include:
- Enhanced Performance: Version 7.20 improved ALM module performance, reducing calculation times for IRR and liquidity scenarios, and deal reports by 50%-80%. Multi-threading for tasks like cashflow recalculations and CSV imports further boosted speeds.
- Treasury Improvements: TMS module updates include pre-deal limit checks, a new Payments Engine, and integration with Bloomberg BLOT/VCON and London Stock Exchange FX All for seamless Straight Through Processing (STP).
- User-Centric Interfaces: Enhancements like adding Workspaces as shortcuts on the home tab improve usability and efficiency.
Our agile approach ensures we adapt quickly to client needs and regulatory changes, reinforcing MORS as a leader in Treasury and ALM solutions.
Advancing Our Commitment to Information Security
In 2024, MORS Software made significant progress on our ISO 27001 certification project, reflecting our commitment to the highest standards of information security. ISO 27001 is a globally recognized framework for safeguarding data integrity, confidentiality, and availability. We are now fully ready for the internal audit, thanks to our collaboration with Compleye, which has ensured our policies and processes align with ISO 27001 requirements. This milestone prepares us for the upcoming formal external audit, which will take place at the beginning of 2025. Following this, we will achieve full compliance with ISO 27001 standards.
A Year of Profound Sadness and Change
This year has also been marked by an immense loss. We were deeply saddened by the passing of our CEO, Nigel Lee. Amidst this, we welcomed Dr. Iina Mustakallio as our new CEO. Previously our CFO, Iina brought stability and continuity as she stepped into the role.
Looking Ahead
As we step into 2025, MORS Software remains committed to innovation, sustainability, and delivering on our promises. We will place special focus on customer satisfaction in our project deliveries and services.
We thank our clients, team, and partners for their continued trust and collaboration and look forwards to working towards new goals in 2025.