Case Study: a leading small finance bank in India achieves 90% less manual intervention with ITC Infotech's Kondor implementation

a leading small finance bank cuts manual front-office work by 90% with ITC Infotech

A leading small finance bank in India faced challenges implementing Finastra's Kondor Suite for its treasury operations due to its unique business rules and a need to migrate a large volume of manual data. The bank's goal was to shorten its time-to-market and reduce implementation costs for this front-to-back system.

ITC Infotech was chosen as the implementation partner to align the Kondor product with the bank's workflows. They implemented Kondor, Kondor Trade Processing, and Kondor Risk, creating the bank's first end-to-end treasury solution. As a result, ITC Infotech helped the bank reduce manual intervention in the front office by 90%, reduce overall manual work in treasury by 30%, and cut migration work by 80 man-hours.