Case Study: a third-largest national bank in India achieves STP treasury rollout across foreign branches with ITC Infotech and Kondor

Third Largest National Bank in India rolls out Kondor in 6 months with ITC Infotech

The third largest national bank in India needed to integrate its foreign branches into its treasury operations to achieve straight-through processing and meet regulatory requirements. The challenge was to implement Finastra’s Kondor treasury system across four international entities without disrupting existing operations, all while maintaining a strict separation between each branch and meeting a tight deadline. ITC Infotech was selected as the implementation partner to deliver this complex project.

ITC Infotech devised a solution that accommodated all foreign entities within a single instance of Kondor, ensuring a Chinese wall between them for data integrity. By creating reusable interfaces and leveraging deep product and domain expertise, the team successfully rolled out the system. The implementation eliminated manual deal processing and drastically reduced time-to-market, with the first entity completed in six months and the subsequent three each in just three months. This successful project boosted the bank's confidence in ITC Infotech, leading to further rollouts.