Fortune Vietnam Joint Stock Commercial Bank (LPBank) has implemented Finastra’s Kondor solution to enhance its treasury management operations.
The deployment is part of LPBank’s broader digital transformation strategy to improve market competitiveness.
Completed in just six months, the rapid implementation was achieved through an agile approach, flexibility, and strong collaboration, allowing seamless integration with the bank’s existing systems and processes.
The project was designed to help the Vietnamese retail bank manage more complex treasury and liquidity products for clients and support overall risk management decisions.
LPBank standing deputy chairman Ho Nam Tien said: “The successful deployment of this innovative project is a testament to our deep commitment toward digital transformation and creating value for our customers. It also speaks volumes about Finastra’s technological expertise as a partner.
“While we are in the early phase of recognizing 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. LPBank is well positioned to further advance its leadership position in Vietnam.”
Finastra’s Treasury and Capital Markets business provides a comprehensive platform designed to help financial institutions like LPBank enhance efficiency, compliance, and growth across the trade and liquidity management lifecycle.
At the core of this partnership is Finastra’s Kondor solution, which delivers advanced risk analytics, trade processing, position management, and real-time risk coverage. Kondor supports high-volume treasury trading while handling complex derivatives, options, and structured transactions.
Finastra Asia Pacific capital markets managing director Richard Zhu said: “We are proud to be part of LPBank’s ambitious digitalisation 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.
“The ongoing support from LPBank’s senior leadership team was instrumental to the project’s success. It demonstrates an inspirational commitment to transforming the bank’s entire ecosystem with best-of-breed digital solutions which drive efficiency, sustainability and growth akin to Finastra’s Open Finance vision.
“This collaboration not only enhances LPBank’s operational capabilities but also sets a benchmark for innovation in the region.”
In August this year, Finastra partnered with Indian IT firm Tech Mahindra to allow corporate banks to expedite their digital transformation journeys.
