Intelligent CIO Middle East Issue 83 - Page 61

CASE STUDY
“ Fusion Kondor has been a global player in treasury systems ,” continued Hussain . “ We have used the Finastra solution to support our trading operations for some time and knew that we could rely on the solution to deliver the same level of reliability and flexibility while also giving us new cutting-edge capabilities . Moving to the latest version of Fusion Kondor also provided a clear , simple implementation path and would easily integrate with our existing systems .”
The National Bank of Bahrain recognised that the latest version of Fusion Kondor would enable it to independently evaluate all pricing and trading decisions in real time . In turn , this would help the bank to strengthen risk management for its trading operations .
Al Mahmood said : “ We wanted to ensure that our Digital Transformation project would deliver long-term value for our treasury operations and knew that Fusion Kondor and our wider partnership with Finastra would help us to drive continuous innovation . Being able to adapt quickly and accurately is essential to banking , and Finastra solutions help us to rapidly evolve our operations and services .”
Smooth implementation
To ensure a seamless delivery journey , smooth execution of the project , and timely upgrade , the National Bank of Bahrain followed Finastra ’ s Fusion Advance implementation methodology . With support from Finastra Services , the National Bank of Bahrain upgraded to the latest version of Fusion Kondor in under nine months .
“ Our teams collaborated closely with Finastra ’ s Services team throughout the project , which helped us to avoid unnecessary delays and enabled us to meet our implementation targets ,” commented Hussain .
phase , Finastra offered training for traders at the National Bank of Bahrain before beginning detailed user-acceptance testing .
Impressed with the support and expertise of the Finastra Services team during the upgrade , the National Bank of Bahrain drew up plans to work with Finastra to deploy an interface for real time market data for its traders .
Al Mahmood pointed out that : “ Finastra aren ’ t just providing a product but also a service-and this full solution is essential . On an on-going basis they are looking at new technologies , new ways of improving the system , which plays an important role in future developments .”
Taking the Fusion Advance approach , Finastra started the implementation with a series of workshops in which the National Bank of Bahrain worked with the Finastra team to design two new trading applications including a Market Conformity Module and Market Limit System .
After the design phase , the bank worked with Finastra to outline the technical specifications for the upgrade and configured new modules in Fusion Kondor .
To ensure that the new Finastra solution was optimised for the bank ’ s specific operational requirements , Finastra and National Bank of Bahrain performed rigorous testing of each module based on pre-defined uses cases . Following this initial testing

UPGRADING TO FUSION KONDOR HAS OPENED UP

THE CAPITAL MARKETS SECTOR FOR THE NATIONAL

BANK OF BAHRAIN AND IS HELPING US TO EXP

AND OUR MARKET SHARE IN THIS ARENA .

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