The partnership
The collaboration between Finastra and LPBank on the implementation of the Kondor treasury solution has helped to modernise LPBank’s treasury management operations in half a year.
As a result of this, LPBank has been able to improve its efficiency by integrating real-time risk coverage, risk analytics and improved trade processing. This also has helped the bank handle complex treasury products in the evolving field.
Finastra Kondor permits banks to support complex options, structured trades and diverse derivatives, as well as increase its volumes of trade in treasury.
The pair of companies were able to execute this partnership seamlessly by adopting a flexible and agile attitude along with LPBank’s existing infrastructure and workflow processes.
Because of this solution, LPBank is now able to manage the evolving expectations of more sophisticated liquidity and treasury products for its clients and support many risk management decisions.
According to Finastra’s website, banks have experienced a “10x increase in treasury transactions” and a “100% increase in the number of trades” due to the Kondor treasury solution.
The success of the projects spotlights Finastra’s intense technological knowledge and LPBank’s commitment to digital transformation.
Richard Zhu, Managing Director, Capital Markets, Asia Pacific, Finastra says: “We are proud to be part of LPBank’s ambitious digitalization and modernisation journey.
“In today’s landscape, digital transformation is a necessity for financial institutions hoping to keep pace with the shifting needs of customers and the rising pressures of competition and regulations.”