Case Study: VPBank increases treasury productivity, efficiency and automation with Finastra Kondor from Finastra

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

VPBank, one of Vietnam’s largest retail banks, needed to modernize its treasury and risk management to support rapid commercial growth and more complex FX and interest‑rate derivatives. Its legacy systems were highly manual and could not provide timely, accurate mark‑to‑market risk visibility or an end‑to‑end IFRS9 solution. To address this, VPBank partnered with Finastra and chose Finastra Kondor (with Kondor Risk) to centralize and automate front‑to‑back‑to‑risk operations.

Finastra implemented Kondor and Finastra Risk via its Adopt program, integrating trading, core banking, market data (Reuters/Bloomberg), SAP and reporting to deliver full automation and parallel VAS/IFRS accounting. The deployment enabled high‑volume and complex derivatives trading, automated IFRS9, and real‑time limit controls, delivering measurable gains: $3 billion in derivatives sales, a 750% rise in IRS/CCS sales, 30% time saved in operations, 25% higher capacity, 100% contracts autogenerated and full pre/post‑deal limit management — outcomes achieved with Finastra’s solution.

VPBank

Dmytro Kolechko

Chief Risk Officer