Executive Summary
The client sought a specialized treasury management system to replace their outdated Equation system. As a long-term Finastra customer, the bank aimed to upgrade to Finastra’s latest Kondor solution. Acknowledging ITC Infotech’s status as a leading Kondor partner, Finastra requested our assistance with the implementation.
Business Challenge
- The existing system lacked the capability to streamline treasury operations effectively.
- Required implementation of conventional and Islamic treasury operations, including Shariah compliant instruments.
- Involved launching four key systems —Kondor, Kondor Risk, Limits, and Kondor Trade Processing — along with 27 instruments, 300+ open reports, and 105 interfaces.
- This required seamless integration of the new system with 105 existing applications, adding to the complexity of the implementation.
- The large-scale deployment demanded precision and minimal operational disruption to ensure business continuity
Business Challenge
- The existing system lacked the capability to streamline treasury operations effectively.
- Required implementation of conventional and Islamic treasury operations, including Shariah compliant instruments.
- Involved launching four key systems —Kondor, Kondor Risk, Limits, and Kondor Trade Processing — along with 27 instruments, 300+ open reports, and 105 interfaces.
- This required seamless integration of the new system with 105 existing applications, adding to the complexity of the implementation.
- The large-scale deployment demanded precision and minimal operational disruption to ensure business continuity.
Our Solution
- Risk Assessment
- Resource Deployment
- Enhancements
- Tools & Technology
Key Results and Benefits
- Successfully executed a two-phase implementation of the complete front-to-back Kondor solution.
- Achieved a seamless go-live, activating 105 interfaces and 300 reports without disruptions.
- Integrated advanced risk management solutions, including credit and money market limits and risk management, to strengthen treasury oversight.
- Decommissioned the legacy system post-go-live, ensuring a smooth transition to the new Kondor solution.
About ITC Infotech
ITC Infotech is a leading global technology services and solutions provider, led by Business and Technology Consulting. ITC Infotech provides business-friendly solutions to help clients succeed and be future-ready, by seamlessly bringing together digital expertise, strong industry specific alliances and the unique ability to leverage deep domain expertise from ITC Group businesses. ITC Infotech is a wholly owned subsidiary of ITC Ltd., a 100-plus-year-old diversified conglomerate with businesses spanning Hotels, Consumer Goods, Paperboards & Packaging, Agri Business, and Information Technology. ITC Ltd. has been in the hospitality business for over 4 decades. It has over 100 properties across 70+ destinations. The hospitality practice at ITC Infotech is 800+ people strong and most have experience in the hospitality domain leading to a high-quality IT service experience for its hospitality customers.
