The scalable, cloud-enabled, front-to-back-to-risk treasury solution. Kondor by Teciem is trusted by banks to centralize and manage liquidity and funding needs by leveraging critical asset classes across FX, money markets, interest rates and derivatives.

 

Factsheet    Contact

“Kondor stands out from the competition with its quality, stability, wide market adoption and comprehensive functionality.”

 

Ricardo Rola, Head of IT
Itau BBA International

Trusted by many of the world’s top 100 banks

The complete treasury platform

One platform as the single source of truth, Kondor enables treasury front office, back office and risk teams to drive consistency, automation and compliance, and significantly reduce costs while leveraging AI for accelerated outcomes.

Out-of-the-box efficiency – for today and tomorrow

Delivering market standards throughout, yet ready for change, Kondor brings decades of best practice, with a comprehensive readiness that is out of the box, while coupled with the flexibility to adapt to market evolution. Designed with bank ecosystems in mind, Kondor APIs simplify integration with existing internal and external systems, accelerating deployment and time to value.

Global and local expertise

With an expansive international footprint and customer base, our long-standing relationships, deep experience, localized market insights and responsive, on-the-ground teams make us a partner of choice for leading banks – worldwide.

Continuous evolution

With 30+ years in the market, Kondor is a cross-asset, front-to-back-to-risk solution for both containerized and orchestrated deployment – Kubernetes ready, cloud ready and cloud agnostic, to serve a mission-critical role in delivering compliance and market best practices in the treasury space.

Integrated partner solutions

Kondor provides a range of service-oriented applications with APIs to build innovative, business-wide functionalities with minimal infrastructure requirements.

“With Kondor and the speed and flexibility offered by the cloud, we can continue to meet business requirements whilst ensuring regulatory compliance.”

 

Treasurer
The Co-operative Bank

Treasury by design.
Treasured by clients.

Front office

Comprehensive reporting, workflows, monitoring and AI-enriched user experience.

  • Trading and risk management with pre-deal analysis, limits and compliance checks
  • Cross-asset pricing and valuation, trade lifecycle management
  • Dynamic reporting for real-time position monitoring, valuation, sensitivities, cashflow projection, and simulated and scenario-based analyses

Back office

Operational excellence with straight-through processing and event-based management for full, efficient control of post-trade activities.

  • Matching
  • Confirmation
  • Event-based validation workflows
  • Settlement
  • Payments
  • Accounting and hedge accounting
  • Swift ISO 20022

Risk management

Bringing transparency and visibility to risk management teams, ensuring consistency and coordination with trading activities.

  • Limit management and monitoring, for a highly intuitive understanding and monitoring of all risk exposures
  • Credit limits with pre-deal limit checks, potential future exposure, CVA/DVA and FVA
  • Market risk (VaR) and back testing, stress tests
  • Collateral management via integrated SaaS module for variation and initial margin, margin calls, SIMM, collateral optimization, dispute and reconciliation

Regulatory compliance

Ensuring you can deliver on your commitments to regulatory frameworks, as they are today and as they evolve tomorrow.

  • Basel IV: FRTB-SA, SACCR and BA-CVA
  • Regulatory reporting with integrated SaaS module for MIFID 2, EMIR, SFTR

A journey in test automation and evergreening.

Investing in test automation to reduce upgrade times in an increasingly complex system landscape, for improved system stability and access to the latest Kondor features and updates.

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Case Study

VPBank increases productivity, efficiency and automation in its treasury operations with Kondor

Challenge

Fast expansion of the Vietnam market led to increasing demand from customers for more complex products and hedge strategies to secure their business against market vulnerability. To achieve its ambitious goals, VPBank needed modern and advanced risk management. 

“We needed to implement a system that would not only improve market capacity and market position, but also resonate with the risk management system to ensure that we could control the limits and avoid costly operational errors.”

 

Dmytro Kolechko, Chief Risk Officer
VPBank

Solution

The smooth implementation of Kondor has enabled VPBank to increase trading volumes while offering the flexibility to support more complex derivatives, options and structured trades. VPBank continues to reap the rewards of an ultra-efficient, future-proof trading solution.

Result

The following quantitative and qualitative benefits were recognized*:

 

$3 billion in the volume of derivatives sales
750% increase in IRS and CCS sales
30% of time saved in business operations
25% increase in total capacity
100% of contracts generated automatically
100% of critical limits effectively managed pre- and post-deal 

* Statistics are true at publication date.

75%

faster time to market
for new products

x10

increase in
treasury transactions

80%

reduction in errors,
leveraging straight-through
processing and automation

A multi award-winning treasury trading platform

The Digital Banker – Global Bank Tech Awards 2024*

Kondor for Best Treasury Management Solutions Provided by a Vendor

Celent Model Risk Manager Awards 2024

For Military Bank Kondor implementation

IBS intelligence

Best Treasury Implementation, with LP Bank
Best Risk Implementation, with LP Bank

Chartis Pricing and Valuation Systems 2024: Market and Vendor Landscape*
Category Leader:

  • Interest Rate Derivatives
  • Equity Derivatives
  • Futures and Options

Talk to your database.
Ask for a report.

 

Kondor Assistant leverages generative AI, APIs and Kondor data and reporting to provide real-time updates and answers to your queries. You no longer need to navigate multiple applications or know how to code.

“With Kondor Assistant, we unlock unprecedented productivity. Integrated intelligence delivers real-time answers and a streamlined global workflow, enabling you to make informed decisions faster than ever.” 

 

Marc Massé, Director of Product Management
Teciem

Why choose us

The backbone of treasury management, with benefits you can bank on.

Multi-asset-class coverage
Trusted globally and relied upon daily by financial institutions – across FX and money markets, futures, interest rates, bonds and derivatives, as well as inflation, equities and commodities

Comprehensive and powerful risk analytics, position management, governance and compliance framework With real-time coverage of credit, market and liquidity risk

Cloud ready
When traditional on-premise needs evolve to the cloud, Kondor is ready to move with you

Increased operational efficiency
Embrace best practices and decades of design, with trusted automation, processes and workflows to achieve efficiencies and performance

Enhanced UI and UX. With Kondor Vision – leverage technology for higher-value end-user engagement with data and decisions

Reduced treasury management total cost of ownership. By an average of 20% to 40% – find out what your number could be

Scalable on demand. Leverage Kondor’s agility-by-design ethos to deliver meaningful impact, aligned to your business’ growing needs

Driven by insights.
Defined by innovation.

Kondor brings together efficiencies and automation with built-for-purpose design and future-ready agility, to help unlock growth and scale for trading and risk management treasury needs.