The Copernicus Marine IBI-MFC (Iberia–Biscay–Ireland Monitoring and Forecasting Centre) has delivered operational wave forecasts since 2017. The operational application is based on a MFWAM model (Meteo-France WAve Model) set-up, running at a 1/20º grid (5-km). The research presented here was conducted to improve the accuracy of the IBI-MFC wave model products, by means of (i) including a new wave data assimilation scheme and (ii) developing a new coupled ocean-wave modelling framework. Evaluation of these set-up upgrades, in terms of improvements in IBI wave model system capabilities, is here presented. All the model sensitivity test runs, performed for the year 2018, are assessed over the whole IBI domain, using the available in-situ (from 49 mooring buoys) and independent satellite wave observation. The results show that the most relevant improvement is due to the data assimilation, while the impact of surface ocean currents, although less significant, also improves the wave model qualification over the IBI area. The demonstrated benefit, related to the herein proposed upgrades, supported the IBI-MFC decision to evolve its operational wave system, using (since the March 2020 Copernicus Marine Release) the resulting wave model set-up, with data assimilation and currents-wave coupling for operational purposes.