Executive Summary
The client sought a specialized treasury management system to replace their legacy Equation Application. As a long-standing Finastra client, they chose to upgrade to the latest Kondor solution. Recognizing ITC Infotech’s expertise as a premier Kondor partner, Finastra entrusted us with the implementation.
Business Challenge
- Limited functionality of the existing system causing issues to streamline treasury operations
- Integrating the new system with the bank’s existing systems (105 applications) was complex and time-consuming
- Simultaneously implementing all four (Fusion Kondor FO, MFR, MLS and K+TP) applications, 27 instruments, 300+ open reports, and 105 interfaces in a single, large-scale launch
- Implementation of end-to-end Islamic treasury instruments along with open reports and interfaces for bank Islamic entity
Business Challenge
- Limited functionality of the existing system causing issues to streamline treasury operations
- Integrating the new system with the bank’s existing systems (105 applications) was complex and time-consuming
- Simultaneously implementing all four (Fusion Kondor FO, MFR, MLS and K+TP) applications, 27 instruments, 300+ open reports, and 105 interfaces in a single, large-scale launch
- Implementation of end-to-end Islamic treasury instruments along with open reports and interfaces for bank Islamic entity
Our Solution
- Risk Assessment
- Resource Deployment
- Enhancements
- Tools & Technology
Key Results And Benefits
- Successful two-phase implementation of complete Front-to-Back Kondor solution with flawless golive execution, including all 105 interfaces and 300 reports
- Plugging in risk management solutions including Credit and Market Limit Risk Management
- The existing system was decommissioned post-Go-Live of Kondor
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.
