Finastra and LPBank modernise Treasury Management Operations

By Gloria Mathias

Finastra, a global provider of financial services software applications, has announced the implementation of its front-to-back treasury solution, Kondor, at Fortune Vietnam Joint Stock Commercial Bank (LPBank) to modernise the bank’s treasury management operations and capabilities.

This collaboration is part of LPBank’s concerted effort to accelerate its digital transformation strategy and enhance its market competitiveness.

The initiation of the project was carefully designed to help LPBank meet the rising demands of managing more sophisticated treasury and liquidity products for clients, as well as supporting general risk management decisions across the bank.

Ho Nam Tien, Standing Deputy Chairman of LPBank, 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 recognising the full potential of this investment in our treasury operations, we have already seen steady improvements in trading volumes, transaction quality, and reduced transaction times. LPBank is well positioned to advance its leadership position in Vietnam further.”

Finastra’s Treasury and Capital Markets business is built on a comprehensive platform of solutions that empower financial institutions like LPBank to achieve higher levels of efficiency, compliance, and growth across the trade and liquidity management lifecycle. Central to this current partnership is Finastra’s Kondor solution, which offers powerful risk analytics, trade processing, position management, and real-time risk coverage. It enables high-volume Treasury trading while supporting complex derivatives, options, and structured transactions.

Richard Zhu, Managing Director, Capital Markets, Asia Pacific, Finastra, 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 that 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.”