What it is:Finastra Kondor is a front-to-back, cross-asset treasury solution that helps treasurers efficiently manage funding, liquidity, trading, risk analytics, and the full trade lifecycle.
Best for:Mid-to-large commercial banks, Treasury departments with active trading, Banks modernizing legacy systems
Pricing:Starting from Custom quote
Rating:90/100Excellent
Expert's conclusion:Kondor will excel as a treasury platform for large bank treasuries that prioritize advanced risk management and scalability over ease-of-deployment of the Kondor platform as a stand-alone product.
Reviewed byMaxim Manylov·Web3 Engineer & Serial Founder
What Is Finastra Kondor and What Does It Do?
The global financial software provider Finastra was created in 2017 after the merger of D+H and Misys, funded by Vista Equity Partners. Finastra delivers end-to-end solutions to institutions around the globe in lending, payments, treasury & capital markets and universal banking. Finastra has been serving its clients for over 180 years collectively and has over 7,000 customers including 90 of the top 100 banks.
Active
📍London, United Kingdom
📅Founded 2017
🏢Private
TARGET SEGMENTS
Global BanksCommunity BanksCredit UnionsCorporations
What Are Finastra Kondor's Key Business Metrics?
👥
9,000+
Customers
📊
90 of top 100
Top Banks Served
📊
130+
Countries Served
🏢
10,000
Employees
💵
$1.9B
Annual Revenue
📊
40+
Offices
How Credible and Trustworthy Is Finastra Kondor?
90/100
Excellent
Global leader in financial software at very large scale, long history of operation and servicing the largest banks worldwide and represents an extremely stable and trustworthy entity.
BREAKDOWN
Product Maturity95/100
Company Stability92/100
Security & Compliance88/100
User Reviews85/100
Transparency82/100
Support Quality90/100
TRUST SIGNALS
Serves 90 of top 100 banks180+ years combined experience$1.9B annual revenue10,000 employees globallyBacked by Vista Equity Partners
What is the history of Finastra Kondor and its key milestones?
1875
D+H Origins
Founded as a bookbinding firm by Davis & Henderson, became a leader in cheque printing and financial services.
1966
Misys Predecessor
Computer Technology Limited was incorporated, evolved into ITL and then a leading provider of software from Misys.
2017
Finastra Formation
Merger of Misys and D+H by Vista Equity Partners creates the third largest fintech company in the world with $2.1B in annual revenue.
How Much Does Finastra Kondor Cost and What Plans Are Available?
Pricing information with service tiers, costs, and details
☐Service
$Cost
ℹDetails
🔗Source
Finastra Kondor
Custom quote
Enterprise treasury management solution with licensing, implementation and ongoing support fees
Enterprise software standard
Treasury as a Service (TaaS)
Subscription (OpEx model)
Cloud-based deployment with reduced TCO (20-40% savings), scale on demand, preferential tax treatment
Finastra factsheet
Implementation Services
Project-based
Configuration, integration, migration from legacy systems by Finastra partners like ITC Infotech
ITC Infotech case study
Finastra KondorCustom quote
Enterprise treasury management solution with licensing, implementation and ongoing support fees
Enterprise software standard
Treasury as a Service (TaaS)Subscription (OpEx model)
Cloud-based deployment with reduced TCO (20-40% savings), scale on demand, preferential tax treatment
Finastra factsheet
Implementation ServicesProject-based
Configuration, integration, migration from legacy systems by Finastra partners like ITC Infotech
ITC Infotech case study
How Does Finastra Kondor Compare to Competitors?
Feature
Finastra Kondor
Murex MX.3
Bloomberg TOMS
Calypso
Cross-Asset Coverage
Yes (FX, MM, IR, Bonds, Equity, Commodities)
Yes
Partial (strongest in FX)
Yes
Front-to-Back Processing
Yes
Yes
Yes
Yes
Real-Time Risk Analytics
Yes (Credit, Market, Liquidity)
Yes
Yes
Yes
Pre-Trade Analytics
Yes
Yes
Yes
Yes
Pricing
Custom Enterprise
Custom Enterprise
Custom Enterprise
Custom Enterprise
Free Tier
No
No
No
No
API Availability
Yes (FusionFabric.cloud)
Yes
Yes
Yes
Integration Ecosystem
FusionFabric.cloud + Fintech partners
Extensive
Bloomberg ecosystem
Open APIs
Enterprise SSO
Yes (via OpenFin)
Yes
Yes
Yes
Cloud Deployment
Treasury as a Service (TaaS)
Yes
Yes
Yes
Cross-Asset Coverage
Finastra KondorYes (FX, MM, IR, Bonds, Equity, Commodities)
Kondor and Murex are both part of the Finastra suite and provide treasury operations services to different segments of banks. Kondor is designed for mid-to-large-sized banks that primarily use their treasury systems for operational purposes whereas Murex is used by larger investment banks that need a more broad-based system for capital markets activities. Kondor can be deployed more quickly and have a lower total cost of ownership due to being pre-configured to work with common treasury applications; Murex has much greater capabilities for structured product trading.
If you want to implement standardized treasury efficiency choose Kondor or if you want to implement complex derivatives trading choose Murex.
vs Bloomberg TOMS
Kondor has a much broader scope of treasury activity with strong risk management features versus Bloomberg which has a strong focus on FX and also has the advantage of having superior real-time pricing feeds. Kondor will be a better choice for back office automation where speed and low cost is the primary objective. Bloomberg will be a better fit for front office execution where speed of trade is paramount.
Use Kondor to implement your organization's integrated treasury operations and Bloomberg to implement your organization's FX trading desks.
vs Calypso (Adenza)
Both are enterprise treasury platforms but Kondor is positioned as providing out-of-the-box functionality and is well integrated into the Finastra suite of products. Calypso is a stronger player in the ability to customize workflows but this comes at the expense of increased implementation complexity.
For banks that want fast deployment Kondor is the right choice. If you are looking for highly customized solutions Calypso is the right choice.
vs Fiserv Treasury Solutions
Kondor is positioned as a premium cross-asset trading platform versus Fiserv who is focused on corporate banking cash management. Kondor will be a better choice for organizations requiring trading and/or risk functions; Fiserv will be a better fit for organizations that require only basic liquidity management.
For banks that have an active treasury trading desk Kondor is the right solution. If your bank has a passive cash management desk Fiserv is the right solution.
What are the strengths and limitations of Finastra Kondor?
Pros
✅The system provides comprehensive coverage of all asset classes from a single platform including: FX, money markets, derivatives, bonds, equity, and commodities.
✅In addition to providing real-time data about treasury positions, the system also allows users to perform real-time risk analysis to identify potential risks across credit, market and liquidity exposures.
✅All of the out-of-the-box capabilities are pre-configured so there is minimal effort required to get started which will reduce the cost and time associated with the onboarding process.
✅The system uses modern open architecture allowing for the use of extensive APIs and access to the FusionFabric.cloud ecosystem, enabling seamless and efficient third-party integrations.
✅The system offers a Treasury-as-a-Service (TaaS) model that enables users to deploy their systems in the cloud, reducing total cost of ownership (TCO) by 20-40%, and offering an operational expense (OpEx) model with flexible capacity.
✅The system utilizes embedded artificial intelligence (AI) capabilities to provide users with the ability to interact with the system using natural language (via the Kondor Assistant), making it easier to interact with the system.
✅The system has proven to be able to handle high volumes of transactions and provide straight through processing (STP) automation for treasury trading.
Cons
❌The system can only be purchased under enterprise pricing models and does not offer publicly available pricing, requiring a sales consultation and quote to determine the correct price for the user's needs.
❌The implementation of the system typically requires a specialized partner (such as ITC Infotech for migration projects).
❌The system has a steep learning curve due to its complex functionality, and therefore should only be used by trained treasury professionals.
❌Due to the level of integration into the user's core treasury operations, there exists a significant vendor lock-in risk when utilizing this system.
❌This system is generally not suitable for smaller institutions or corporate treasury departments due to the complexity and number of features.
❌The TaaS model of the system requires that the user utilize the cloud, which may be a concern for institutions that require the ability to fully deploy their systems on-premises.
❌Although the system offers a broad range of features, some of these features will likely require configuration to fit the user's specific workflow.
Who Is Finastra Kondor Best For?
Best For
✅Mid-to-large commercial banks — The system is optimized to allow for high volume treasury trading with cross-asset coverage and STP.
✅Treasury departments with active trading — The system provides real-time risk analysis and pre-trade tools to enable the user to make informed decisions.
✅Banks modernizing legacy systems — The system has a proven migration path (Equation to Kondor) and partner implementation support.
✅Institutions seeking cloud treasury — The system utilizes a Treasury as a Service (TaaS) model that can provide a 20-40% reduction in TCO and scalable capacity.
✅Risk-focused treasury operations — The system provides comprehensive credit, market, and liquidity risk management capabilities within a single platform.
Not Suitable For
❌Small community banks — Enterprise Pricing/Costs of Implementation — Enterprise pricing and complexity far exceeds the customer's needs, therefore the company would be better off with a simple Cash Management Solution.
❌Corporate treasury departments — Overbuild for Trading — The company is overbuild for Trading, therefore an FIS, Kyriba or simpler Treasury Workstation would be a better fit for them.
❌Fintechs or neobanks — High Implementation Costs — The company prefers an API-first Embedded Treasury solution that has lower implementation costs than the current system they are using.
❌Pure investment banks — Limited Structured Products Depth — The company has less depth in Structured Products compared to Murex, therefore the company may want to look at Capital Markets Platforms specifically designed for their needs.
Are There Usage Limits or Geographic Restrictions for Finastra Kondor?
Deployment Model
Cloud (TaaS), On-premises, Hybrid via partners
Target Institutions
Banks and financial institutions (not corporates or SMBs)
Asset Coverage
FX, Money Markets, IR Derivatives, Bonds, Equity, Commodities, Credit Derivatives
User Licensing
Named users or concurrent users (enterprise licensing)
Custom Development
Requires Finastra professional services or certified partners
Data Volume
High-volume treasury trading supported (specific limits per contract)
Geographic Availability
Global (used by banks worldwide including Vietnam's LPBank)
Is Finastra Kondor Secure and Compliant?
Regulatory Compliance FrameworkFull support for regulatory reporting, limits management, and compliance monitoring across front, back, and risk functions
Risk GovernanceComprehensive market risk, credit risk, collateral, and limits management with real-time monitoring
Data Consistency & AuditSingle source of financial libraries, trades, and market data shared across organization reduces discrepancies
Straight-Through Processing (STP)End-to-end automation from trade booking through settlement eliminates operational risk
Enterprise Access ControlOpenFin-powered workspaces with persona-based access and secure third-party application integration
Central Clearing SupportFull integration with central clearing counterparties and automated settlement workflows
Hedge AccountingAutomated hedge accounting capabilities with event-based validation workflows
What Customer Support Options Does Finastra Kondor Offer?
Channels
Business hours via regional Finastra offices24/7 submission, response during business hoursSelf-service access to documentation and ticketsAssigned for enterprise implementations
Hours
Business hours (regional), 24/7 for critical enterprise issues
Response Time
SLA-based: critical <4 hours, standard <24-48 hours for enterprise clients
Satisfaction
Limited public ratings; enterprise clients report reliable implementation support
Specialized
Dedicated implementation teams and ongoing managed services via partners
Business Tier
Priority SLAs, dedicated account managers, and continuous monitoring for large banks
Support Limitations
•No 24/7 phone support for standard tiers
•Support primarily through partners for managed service deployments
•Self-service documentation focused; limited community forums
What APIs and Integrations Does Finastra Kondor Support?
API Type
Comprehensive RESTful APIs and microservices architecture
Authentication
OAuth 2.0, API keys, integration with enterprise SSO
Webhooks
Supported for real-time events like trade execution, risk alerts, position updates
SDKs
Integration via FusionFabric.cloud; supports standard enterprise languages
Documentation
Detailed API docs available to clients; OpenAPI specifications
Sandbox
Testing environments provided during onboarding and via managed services
SLA
99.9%+ uptime via cloud-hosted TaaS; monitored performance guarantees
Rate Limits
Enterprise-configurable; high-volume support for trading systems
Kondor is a Front-to-Back Treasury Management System that covers Trade Processing, Risk Analytics, Position Management, and Back-Office Operations across all Major Asset Classes. Kondor also supports High Volume Trading with Real-Time Credit, Market, and Liquidity Risk Coverage.
Kondor Features Powerful Pre-Trade Analytics, Real-Time Position Monitoring, PnL Calculations, Greeks, Cash Flow Projections, and Comprehensive Market/Credit/Liquidity Risk Tools. The system also allows Limits Management and Compliance Checks.
Kondor Covers All Major Asset Classes Including: FX (Cash & Derivatives), Money Markets, Interest Rate Derivatives, Fixed Income, Credit Derivatives, Equities, Commodities (Physical & Derivatives), Bonds, Inflation, and Futures.
Kondor is Offered as Treasury as a Service (TaaS) — A Cloud-Hosted Managed Service With Finastra or Partners, Providing Scalability and Reducing Total Cost of Ownership (20-40%).
Kondor Offers Open APIs, Automated Data Interfaces (Refinitiv, Bloomberg), and FusionFabric.cloud For Fintech Partners. This Makes Customization and Integration with Existing Core Banking Systems Simple.
Kondor Offers True Cross-Asset, Front-to-Back Coverage on a Single Platform with Embedded AI (Kondor Assistant), Micro-Services, and Partner Ecosystem Support — While Reducing TCO and Handling Complex Derivatives and High-Volume Trading.
Demos and Proofs-of-Concept Are Available Through Finastra Sales Teams. Deployment Is Typically Project-Based with Partner Implementation Support.
Kondor offers total regulatory compliance, hedge accounting, central clearing, and governance frameworks. Kondor was designed to be used by large financial institutions that are required to have advanced risk monitoring, and will require extensive audit trail documentation.
Is Finastra Kondor Worth It?
The Finastra Kondor is an enterprise level treasury management system which provides excellent cross-asset risk management capabilities, can handle high volumes of trades and perform front-to-back processing for large banks. The Kondor system has been built using open standards and has been delivered as a cloud TaaS (Treasury-as-a-Service) and enhanced with AI to provide a future-proofed solution for clients, however, this comes at the cost of implementing such a system being resource intensive.
Recommended For
Large and mid-tier banks that need a complete treasury risk management capability
Institutions that trade complex derivatives across multiple asset classes
Banks that are undertaking a migration to the cloud, and want to outsource their treasury operations as part of a managed service
Treasury departments that require real-time analytical tools and compliance tools
!
Use With Caution
Small to medium-sized institutions that have limited capital for the implementation costs and complexities associated with the use of Kondor
Banks with fully customized internal systems - the additional implementation efforts to integrate Kondor into these existing systems
Organisations that do not have an established treasury IT department
Not Recommended For
Retail banking institutions that have basic treasury requirements
New fintechs that are seeking low-cost SaaS solutions with minimal implementation costs
Non-banking corporate entities that only require basic cash management functions
Expert's Conclusion
Kondor will excel as a treasury platform for large bank treasuries that prioritize advanced risk management and scalability over ease-of-deployment of the Kondor platform as a stand-alone product.
Best For
Large and mid-tier banks that need a complete treasury risk management capabilityInstitutions that trade complex derivatives across multiple asset classesBanks that are undertaking a migration to the cloud, and want to outsource their treasury operations as part of a managed service
What do expert reviews and research say about Finastra Kondor?
Key Findings
Finastra Kondor is a tried and tested cross-asset treasury platform with proven risk analytics and comprehensive lifecycle capabilities, plus cloud TaaS options. Finastra Kondor has several key strengths including its ability to support multiple assets; allow for open integration through FusionFabric.cloud; and the company’s recent enhancement of its AI Assistant and OpenFin workspace capabilities. The Kondor platform is used globally by banks to facilitate high-volume, compliant trading operations.
Data Quality
Good - detailed product factsheets, press releases, and partner documents provide comprehensive feature coverage. Limited public info on pricing, customer reviews, and exact support SLAs (enterprise sales required).
Risk Factors
!
Complexity and costs of implementing the system at the enterprise scale
!
Dependence on Finastra or partners to deliver managed services
!
No publicly available data on client satisfaction with the Kondor platform
!
Pricing and contractual terms for the Kondor platform are not transparent
Last updated: February 2026
What Additional Information Is Available for Finastra Kondor?
Deployment Options
Kondor offers three ways to deploy its Treasury-as-a-Service (TaaS): on-premises, hosted in the cloud through a partner like Finastra, and hybrid models. TaaS has proven to reduce Total Cost of Ownership (TCO) by 20-40 percent, enable organizations to transition from Capital Expenditure (CapEx) spending to Operational Expenditure (OpEx), and provide scalable platforms that are continuously monitored.
Technology Partnerships
Through the Finastra FusionFabric.cloud Marketplace, Kondor can integrate with other fintech providers to enhance risk, collateral, and regulatory capabilities. Additionally, the recent partnership with OpenFin allows for Kondor users to create custom browser and desktop workspaces as well as micro-UI components for further personalization.
AI Innovations
The Kondor Assistant is a native AI capability integrated into the Kondor platform that allows end-users to interact with their treasury data using natural language and automatically generate content based on user queries. This enhances the overall user experience across the entire platform.
Customer Success
Kondor was deployed at LPBank (Vietnam) where it rapidly modernized the bank’s treasury operations and provided high volume trading and complex derivative capabilities. It also serves as the core trading backbone for many global financial institutions.
Asset Class Coverage
Kondor provides comprehensive support for all major asset classes including Foreign Exchange/MM, Interest Rates, Bonds, Inflation, Equities, Commodities, Credit Derivatives, and OTC Instruments. Kondor also supports automated feed options from Refinitiv/Bloomberg.
What Are the Best Alternatives to Finastra Kondor?
•
Murex MX.3: Murex is a leading cross-asset trading and risk platform that has a strong focus on derivatives. While Murex provides more comprehensive capital markets coverage than Kondor, it does so at the cost of greater complexity and cost. Murex would be best suited for global investment banks that have extensive derivatives trading activities.
•
Calypso (Adenza): Adenza is a front-to-back treasury and risk system that focuses on the trading lifecycle. Like Kondor, Adenza provides similar asset class coverage with a strong focus on collateral management. However, Adenza would likely be better suited for capital markets desks due to its broader scope of functionality; however, it may require heavier implementation.
•
Bloomberg TOMS: Avelacom is a trade order management system that includes deep integration with market data sources. Compared to Kondor, Avelacom has superior pricing feeds but is significantly less treasury-focused. Avelacom would be best suited for FX/MM desks that leverage the Bloomberg ecosystem.
•
Finastra Fusion Treasury: Finastra is a complementary cash/liquidity management solution to Kondor that provides broader corporate treasury features. However, compared to Kondor, Finastra has less trading/risk depth. Therefore, the two products could be used together to form a full treasury stack.
•
Enfusion: Enfusion is a cloud-based investment management system that includes trading and risk applications. It is more SaaS based than Kondor and can be implemented much faster than Kondor. This would best suit smaller to medium-sized hedge funds or boutique asset managers looking for more flexibility and speed.
•
Beacon (Finastra): Finastra provides a more straightforward and easy-to-implement Treasury Solution for mid-market banks. While less advanced than Kondor, it can still provide an effective Treasury Management System at a lower cost and with a quicker implementation timeline. This type of system will work well for banks with limited trading activity and are looking for something simple and cost-effective.
What Are Finastra Kondor's Risk Assessment Metrics?
12 Active
Risk Models
Passed
Compliance Status
98.5 %
System Health
147
Assessments Completed
What Risk Management Features Does Finastra Kondor Offer?
Real-Time Position & Risk Register
Centralized in real time, this application maintains positions and exposures across all asset classes for treasury risk oversight.
Pre-Trade Risk Analytics
The system also has powerful pre-trade analytics and pricing tools along with limits and compliance checks prior to the deal being booked.
Limits & Collateral Management
Integrated into trade processing are real-time limit management and collateral monitoring.
P&L & Greeks Monitoring
The system also provides real-time profit and loss explanations, Greek calculations and simulated risk analytics to help identify incidents.
Risk Dashboards & Reporting
The system allows users to view aggregated data on exposures, positions and risk factors across FX, Rates and Commodities.
Cross-Asset Risk Coverage
The system covers credit, market and liquidity risks across FX, Money Markets, Derivatives, Bonds and Equities.
Open APIs & Finastra Ecosystem
Users have access to comprehensive API’s which allow them to integrate the system with their ERPs, Trading Systems and other FusionFabric.cloud partner systems.
Real-Time Market Data Feeds
In addition, the system comes with automated interfaces to Refinitiv and Bloomberg to continuously synchronize market data.
Regulatory Compliance Framework
Also included in the system is a built-in regulatory monitoring and compliance framework to ensure Treasury Risk Governance.
Event-Based Validation Workflows
Users can customize workflows for trade validation, settlement and compliance checks.
Hedge Accounting Support
The system supports full Hedge Accounting capabilities to ensure regulatory compliance for Derivatives.
Central Clearing Integration
The system supports Central Clearing and Regulatory Reporting Requirements as well.
Kondor Assistant AI Dashboards
The system utilizes AI powered natural language queries and intuitive dashboards to visualize risk.
Custom Risk Reports
Users also have flexible reporting options for Profit & Loss statements, Positions, Cash Flow Projections and Risk Analytics.
Stress Testing & Simulation
Additionally, the system supports simulated risk analytics and scenario analysis for Treasury Stress Testing.
Climate Risk Assessment
Through FusionFabric.cloud partners, the system will also support emerging capabilities.
Financial Crime Monitoring
The system supports specialized FRAML capabilities through ecosystem partners.
What Risk Domain Coverage Does Finastra Kondor Support?
