Case Study: Íslandsbanki achieves greater trading capacity and lower risk with Misys FusionCapital Kondor

Íslandsbanki prepares for a significant surge in trading

Íslandsbanki, one of Iceland’s leading banks, was preparing for a sharp rise in trading volumes as the country moved to lift capital controls. The bank needed a trading platform that could handle more demand, improve reporting, and reduce risk, so it turned to Misys and its FusionCapital Kondor solution.

Misys upgraded Íslandsbanki to the latest version of Misys FusionCapital Kondor, modernizing reporting and straight-through processing. The new platform enabled far more simultaneous trades, automated reporting and revaluation, and reduced manual work for risk teams, improving speed, accuracy, visibility, and control while positioning Íslandsbanki to expand into new areas such as commodities trading.

Íslandsbanki

Björk Ölversdóttir

IT Project Manager and Business Analyst, Corporate and Investment Banking