- OTP Bank, the largest bank in Hungary and one of the leading banking groups in Central and Eastern Europe chooses Intellect’s award winning Intellect Digital Core (IDC) Banking platform to provide a contextual banking experience for their customers with highly personalised and bespoke solutions subject to successful conclusion of contracts
- Cloud native solution built on API-first micro-services architecture will enable the bank to launch signature financial products rapidly in the market with a comprehensive digital suite
Chennai, India, May 22nd, 2023: Intellect Global Consumer Banking (iGCB), ranked #1 in the world for Retail Banking by IBS Intelligence, announced that the OTP Bank, one of the leading commercial banking groups of Central and Eastern Europe (CEE) has chosen iGCB’s acclaimed, Intellect Digital Core (IDC) for final exclusive contracting period with expectation to fulfil their vision of providing a complete range of highest quality financial services to their customers in CEE.
Established in 1949, OTP Bank Group is one of the largest independent financial service providers in the CEE region with banking services for private individuals and corporate clients. The bank has more than 36,000 employees, 16 million clients and is present in 11 countries, namely Albania, Bulgaria, Croatia, Hungary, Moldova, Montenegro, Romania, Russia, Serbia, Slovenia and Ukraine, and OTP Bank soon enters the Uzbekhistan market.
The bank selected iGCB’s core banking platform as preferred solution with the confidence to enable launching curated solutions rapidly in the market ensuring a superlative customer experience. Recently named as a leader in Digital Banking Processing Platforms for Retail Banking by Forrester, Intellect is committed to enable OTP Bank to strengthen its leadership position in the CEE banking industry.
Commenting on the partnership, Peter Csányi, member of the Board of Directors,
Deputy CEO, Chief Digital Officer of OTP Bank said, “At OTP Bank, we pride ourselves in building meaningful relationships with our clients by helping them achieve their goals
and supporting those who are at the forefront of creating and building sustainable
financial growth . In order to achieve that, we were looking for a technology partner who
could support us to launch personalised services and tailored products for our various client segments. Intellect’s market leading range of solutions, combined with a MACH-enabled technology architecture and a customer-centric user experience made them a promising partner for our digital transformation journey. We are looking forward to start building this new partnership.”
Commenting about the important step to win prestigious deal, Rajesh Saxena, Chief Executive Officer, Intellect Global Consumer Banking said, “We believe in technology enabling the fabric of life for our customers and the experience they, in turn, offer to their clients. Intellect’s state-of-the-art core banking platform will provide OTP Bank the twin advantage of world-class technology & rich functionality. The solution’s
composable architecture could allow the bank to create highly tailored solutions and
be proactive in gauging their customers’ needs as a part of their lifestyle. We look forward to seeing OTP Bank continue to grow and position themselves at the forefront of the European banking industry.”
