ProCredit group has selected Kondor Up by Teciem to strengthen treasury operations across its international banking network, as the group invests in infrastructure to support its next phase of growth.
The deployment will provide the group with a cloud-native treasury platform designed to support automation, scalability and the management of country-specific regulatory requirements across its operations.
ProCredit group operates ten development-oriented commercial banks serving micro, small and medium-sized enterprises and private individuals across South Eastern and Eastern Europe. The group oversees areas including capital adequacy, reporting and risk management across the network.
The treasury technology deployment will combine group-wide cloud infrastructure with flexibility to accommodate local requirements in each market, according to Teciem.
Kondor Up extends the capabilities of Teciem’s established Kondor treasury platform into a cloud-native operating model. The platform provides front-to-back functionality across the trading lifecycle, while offering cloud-based deployment and managed infrastructure.
Teciem says Kondor Up is designed to enable faster deployment, lower operational requirements and continuous access to software updates and innovation. The platform uses a dedicated single-tenant architecture and Kubernetes-based cloud infrastructure, with the company highlighting data isolation, resilience and scalability as core elements of its approach.
The agreement comes as Teciem continues to build its business following the separation of Finastra’s Treasury and Capital Markets division earlier this year. The company launched as an independent business in February 2026 with backing from Apax Funds and said it had more than 340 financial institution clients at launch, including 70 of the world’s top 100 banks.
ProCredit Holding AG chief financial officer and management board member Christian Dagrosa said, “Teciem demonstrated a deep understanding of our strategic objectives and showed clearly how Kondor Up could meet our precise requirements. 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.”
Teciem CEO Wissam Khoury added, “ProCredit group’s decision to deploy Kondor Up, the next evolution of our market-leading treasury platform, is an important milestone for Teciem. Combining decades of trusted functionality with a modern, cloud-native operating model, Kondor Up enables teams to simplify operations, accelerate transformation and focus on strategic priorities while benefiting from continuous innovation and AI-readiness. We are proud that ProCredit group is among the first organisations to embrace this new generation of treasury infrastructure and look forward to a long-term partnership that delivers lasting value – supporting its evolving business needs and growth ambitions.”
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