ProCredit Group selects Teciem’s Kondor Up for treasury upgrade

By Divya Shah

ProCredit Group has selected Kondor Up by Teciem to enhance its treasury and risk management capabilities, supporting the next phase of growth across its international banking network. 

The deployment forms part of ProCredit Group’s broader strategy to invest in modern, scalable technology infrastructure. Built on the established Kondor platform, Kondor Up combines treasury and risk management functionality with a cloud-native operating model designed to improve efficiency, accelerate implementation and provide continuous access to innovation. 

ProCredit Group, which oversees capital adequacy, reporting and risk management across ten development-focused commercial banks in South Eastern and Eastern Europe, sought a treasury solution capable of supporting its long-term growth objectives while providing greater operational flexibility. 

Christian Dagrosa, Management Board Member and Chief Financial Officer at ProCredit Holding AG, said, “Teciem demonstrated a deep understanding of our strategic objectives and showed clearly how Kondor Up could meet our precise requirements.” 

He added: “The platform’s front-to-back treasury capabilities will help us drive greater automation across our operations while providing flexibility to support new products, broaden our offering and underpin our future growth ambitions.” 

The platform offers front-to-back treasury capabilities covering funding, liquidity management and trading activities. It also provides the flexibility of cloud deployment across the banking group while accommodating country-specific requirements and local regulatory frameworks across multiple jurisdictions. 

Wissam Khoury, CEO of Teciem, said, “ProCredit Group’s decision to deploy Kondor Up, the next evolution of our market-leading treasury platform, is an important milestone for Teciem.” 

Khoury noted that the cloud-native solution enables financial institutions to simplify operations, accelerate transformation initiatives and prepare for future innovation, including advanced analytics and AI-driven capabilities. 

The implementation reflects the growing focus among banks on modernising treasury infrastructure through cloud-based platforms that improve automation, strengthen risk management and support evolving business and regulatory requirements. 

Anish Shah, Research Director at Chartis Research, said cloud-native architecture is increasingly reshaping treasury operations by providing the scalability, agility and real-time access to innovation that financial institutions require.