Case Study: Military Bank achieves automated, Basel III-compliant risk management with Finastra Kondor

Military Bank aims for digital transformation and comprehensive financial connection

Military Bank, a major APAC bank with USD 37.2B in assets, 10,481 employees and 308 branches, faced the challenge of aligning with advanced risk‑management standards (including Basel III), automating measurement, monitoring and warning processes across market, credit and liquidity risks amid market volatility and rising transaction volumes. To address this, Military Bank partnered with Finastra and chose the Finastra Kondor front‑to‑back system to upgrade treasury operations and centralize risk calculations and data flows.

Finastra implemented Kondor (including the Riskatcher engine) to deliver fair‑value and sensitivity calculations, market risk limits, counterparty credit risk controls and Basel III capital requirement calculations, integrating Kondor data into MB’s VaR, ICAAP and in‑house automation processes. The deployment automated Delta sensitivity storage, enabled near‑real‑time VaR and tighter deal controls, was completed on schedule, and helped Military Bank move from theoretical simulation to practical, Basel‑compliant capital calculations—culminating in Military Bank winning the Celent Model Risk Manager 2024 and materially strengthening its risk management capabilities with Finastra.

Military Bank

Bui Thi Mien

Deputy Director of Risk Management Division