Fortune Vietnam Joint Stock Commercial Bank (LPBank) has implemented Finastra’s front-to-back treasury solution ‘Kondor’ to modernise the bank’s treasury management operations and capabilities.
This strategic collaboration is part of LPBank’s concerted effort to accelerate its digital transformation strategy and enhance its competitiveness in the market.
Achieving deployment in just six months, the rapid timeline was achieved through an agile approach, flexibility, and a collaborative working relationship that facilitated a seamless integration of new systems with existing technology infrastructure and workflow processes.
The initiation of the project was carefully designed to help LPBank meet the rising demands of managing more sophisticated treasury and liquidity products for clients, as well as supporting general risk management decisions across the bank.
“While we are in the early phase of recognising the full potential of this investment on our treasury operations, we have already seen steady improvements to trading volumes, transaction quality, and reduced transaction times,” said Ho Nam Tien, standing deputy chairman of LPBank.
Finastra’s Treasury and Capital Markets business is built on a comprehensive platform of solutions that enable financial institutions like LPBank to achieve higher levels of efficiency, compliance, and growth across the trade and liquidity management lifecycle.
Central to this current partnership is Finastra’s Kondor solution, which offers powerful risk analytics, trade processing, position management, and real-time risk coverage, enabling high-volume treasury trading while supporting complex derivatives, options, and structured transactions.
Richard Zhu, Finastra’s managing director of capital markets in the Asia-Pacific region, said the ongoing support from LPBank’s senior leadership team was instrumental to the project’s success.