Lien Viet Post Joint Stock Commercial Bank (LPBank) of Vietnam is implementing a digital solution for treasury operations as part of its strategy to enhance efficiency and governance.
The project will help digitalise all capital activities and help meet business and risk management requirements across the bank.
The bank will deploy the Kondor treasury solution from Finastra, a UK-based financial software company, and Vietnam’s NGS Equipment and Communication Joint Stock Company (NGS) will implement the project.
LPBank’s vice chairman cum general director, Ho Nam Tien, said Finastra's Kondor treasury solution will enable it to increase trading volume, improve transaction quality, shorten transaction operation time, and support the development of diversified demand for trading derivatives and complex structured transactions.
The deployment of Kondor is part of a series of important projects across core banking, data management, payments, and omnichannel banking being undertaken by LPBank..
The bank said this will help the bank expand services and get to market faster, at a lower cost.
Finastra’s managing director of capital markets, Asia Pacific, Richard Zhu, said their expertise will ensure LPBank benefits from modern treasury capabilities that evolve with requirements.
