Case Study: Erste Bank streamlines and secures trade compliance with Misys FusionCapital Kondor

Erste Group simplifies and secures compliance

Erste Bank, part of Erste Group, faced the challenge of managing trade compliance across multiple jurisdictions while reducing regulatory risk, costs, and manual repetition. To address this, the bank worked with Misys and its FusionCapital Kondor Compliance Server to centralize compliance management within Capital Markets.

Misys implemented a single compliance workflow with pre-deal limit checks, real-time monitoring, and integrated audit trail/reporting capabilities across front-office and middle-office systems. The result was streamlined trade compliance at significantly lower operational cost, with Erste Group also expecting up to a 25% reduction in its group-wide FusionCapital Kondor IT team if consolidation continues.

Erste Bank

Peter Trieb

Head of IT, Capital Markets