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OAO Swedbank Russia implements MORS treasury, risk management solution

OAO Swedbank Russia, a fully owned subsidiary of Swedbank, has implemented MORS Treasury Front & Middle solution to achieve an integrated treasury and risk management platform.

MORS Software said that the solution will enable the bank to integrate the treasury’s position keeping, risk measurement and analysis into one single system.

The bank is now able to monitor their positions and risks in real-time, thus enabling optimized decision-making in all market conditions using the flexible reporting capabilities of MORS.

Finland-based MORS Software added that it also tailored a specific reporting feature enabling OAO Swedbank Russia to automatically produce the Russian Accounting Standard currency position report, as part of the required regulatory reporting for the Russian banking authorities.

MORS Software CEO Mika Mustakallio said that this implementation will provide Swedbank Russia with a comprehensive system integrating position keeping, analytics and risk management in one single solution.