ProCredit group has selected Teciem’s Kondor Up treasury platform to support funding, liquidity management, trading and risk processes across its international banking network.
The group operates ten development-focused commercial banks in South Eastern and Eastern Europe. ProCredit Holding also oversees capital adequacy, regulatory reporting and risk management across the network.
Kondor Up will provide front-to-back treasury capabilities through a cloud-native operating model. ProCredit plans to deploy the platform across the group while adapting it to country-specific operating and regulatory requirements.
The implementation is intended to increase automation and give ProCredit the flexibility to introduce products across its banking operations. The release does not specify which treasury processes the group will automate first.
“The platform’s front-to-back treasury capabilities will help us drive greater automation across our operations while providing flexibility to support new products, broaden our offering and underpin our future growth ambitions,” said Christian Dagrosa, management board member and chief financial officer at ProCredit Holding.
Kondor Up builds on the existing Kondor treasury and risk management system. Teciem said the new version combines that functionality with a cloud architecture designed to support faster implementation, scalability and continuing software updates.
The platform will operate in a single-tenant environment and use Kubernetes-based infrastructure. Teciem said this approach supports data segregation, resilience and scalability.
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