OTP Bank leverages Iliad Solutions to bolster digital payment offering

Retail and corporate bank OTP Bank has selected Iliad Solutions as its payment testing provider in a new multi-year deal.

The Hungary-based bank will licence t3, Iliad’s enterprise-grade digital payments testing platform providing automated testing options to help drive OTP’s payment capabilities and its position as a leading financial institution. 

Removing friction from the complex process of getting new payment initiatives to market quickly, efficiently and at a reasonable cost has never been more important, according to OTP. 

t3 helps facilitate a dynamic adoption of digital payments through a simplified and automated testing process to the benefit of all.

Ábel Bagaméry, Director, Card payments, OTP Bank said: “Effective payment testing is key to our future success and expansion. Using cutting-edge testing technology helps us achieve this. t3 is one of the most advanced payment testing platforms in the world, we value the opportunity to access its capabilities through this new partnership.”

OTP Group currently operates in 12 countries located in the Central and Eastern Europe (CEE) region, namely Albania, Bulgaria, Croatia, Hungary, Moldova, Montenegro, Romania, Russia, Serbia, Slovenia, Ukraine, and in the Middle Asia region Uzbekistan, where OTP Bank Hungary is the parent company.

Iliad’s products and services aim to minimise risk when deploying new payments technology, reducing the costs associated with testing and improving the speed of launching new systems.

Anthony Walton, Iliad Solutions CEO, added: “We are delighted that OTP Bank has chosen Iliad’s t3 solution as its strategic testing platform to support its next phase of modernisation and digital development. 

“We look forward to working with OTP in a fruitful relationship across the bank’s markets. It’s great to be doing new business in the CEE region.”