To power its banking experience, OTP Bank has selected Intellect Digital Core (IDC) which is the core banking system developed by Intellect Global Consumer Banking (iGCB), the consumer banking arm of Intellect Design Arena Limited.. The contract was signed by OTP Bank represented by Péter Csányi, Deputy CEO, Chief Digital Officer of OTP Bank and András Becsei, Deputy CEO for Retail, as well as Rajesh Saxena, CEO of Intellect Global Consumer Banking, Intellect Design Arena today as a result of a cooperation agreement that was signed in May 2023.
The contract was signed by OTP Bank represented by Péter Csányi, Deputy CEO, Chief Digital Officer of OTP Bank and András Becsei, Deputy CEO for Retail, as well as Rajesh Saxena, CEO of Intellect Global Consumer Banking, Intellect Design Arena today as a result of a cooperation agreement that was signed in May 2023.
With 17 million clients, more than 41,000 employees, and total assets exceeding EUR 100 billion, the OTP Group is one of the largest independent financial services providers in Central Eastern Europe. The company is present in 12 countries. According to the stress tests conducted by the European Banking Authority in 2023, OTP Group is the 4th most stable banking group in Europe. 
Among the largest independent financial service providers in Central Eastern European countries is OTP Group. As a result of its presence in 12 countries, the company has 17 million clients, over 41,000 employees, and a total asset value exceeding 100 billion euros. According to the European Banking Authority's stress test in 2023, OTP Group is the 4th most stable banking group in Europe. 
With the advent of cloud-based technology and neo-banking functional challenges, financial sector players need to take a different approach. IDC and its lending platform built on eMACH.ai (Events-driven) will provide the flexibility, scalability, and high availability requirements that are now essential requirements for IT solutions. As the largest Open Finance enabled core banking solution and lending platform worldwide, OTP Bank's offering is microservices-based, API-enabled, Cloud Native, Headless with underlying AI models. With this offering, OTP Bank will be able to:
Peter Csányi, Deputy CEO and Chief Digital Officer at OTP Bank commented on the partnership, "Everything we do at OTP Bank revolves around our customers." In our opinion, the flexibility of the core banking system may allow us to be able to provide sustainable, personalised banking experiences tailored to meet the diverse needs of our customers based on the synergies we saw with iGCB. Our team is eager to begin a new era of banking with iGCB.
"At Intellect Design Arena, we believe in understanding the customer's psyche and providing them with exponential technologies so that they can go beyond what is expected of them," says Rajesh Saxena, CEO, Global Consumer Banking (iGCB), Intellect Design Arena.". The IDC Core Banking System was introduced last year for Europe as part of our strategic roadmap, and is the world's most comprehensive open finance-enabled core banking system.. IDC has announced a technology partnership with OTP Bank, one of the largest banks in Hungary. This partnership reaffirms IDC's commitment to 'putting the customer first'.. In order to strengthen our eMACH, we continue to invest significantly in it.By leveraging artificial intelligence, building regional delivery models, and investing in local talent, the CEE region will be able to provide a future banking experience that is robust, scalable, and secure
By leveraging artificial intelligence, building regional delivery models, and investing in local talent, the CEE region will be able to provide a future banking experience that is robust, scalable, and secure
There will be a simultaneous implementation of Intellect platforms in two members of the OTP Group starting today: OTP Bank and its Bulgarian subsidiary, DSK Bank, which are both members of the OTP Group.
OTP Group - a brief overview
With outstanding profitability and a stable capital and liquidity position, OTP Group is one of the fastest growing and leading banking groups in Central and Eastern Europe, with outstanding profitability and outstanding liquidity. According to the European Banking Authority's stress test of 2023, OTP Group is the fourth most stable banking group in Europe.. With total assets in excess of EUR 100 billion, a workforce of over 41,000 employees across 12 countries in the CEE and Central Asian region, the Group provides universal financial services to 17 million customers throughout the world.. With a successful acquisition and integration of 23 banks since the early 2000s, the Group has established itself as one of the most active consolidators in the banking sector of Central and Eastern Europe. There is no doubt that the Bank is a market leader in Hungary, Bulgaria, Serbia, Montenegro, as well as Slovenia at the moment. A diversified and transparent ownership structure is a hallmark of the OTP Group, a company headquartered in Hungary. In 1995, the Banking Group was listed on the Budapest Stock Exchange for the first time. Please visit the following website for more information: https://www..The OTP Group.Home / information
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What Intellect Global Consumer Banking (iGCB) is all about
The Retail and Central Banking Solutions division of Intellect is the company that provides an end-to-end Contextual Banking suite across Core Banking, Lending, Cards, Digital Banking, and Central Banking for retail and corporate banks.. As a result of its microservices-based, API-first, cloud-native architecture made up of powerful integration capabilities and a unique blend of integrated functionality and agility, Microservices offers a unique combination of integrated functionality and agility. The ICGB brings to the table a deep understanding of the developed and developing financial market space and seeks to become the Innovation Partner for those who are passionate about transforming the future of fintech through technological innovation..The IGCC.Visit https://www.com/  
Visit https://www.com/  
Intellect Design Arena - What we do
The Intellect Design Arena Limited is part of the Intellect Group. With its cloud-native, API-led, microservices-based multiproduct FinTech platform, it is the world's largest cloud-native, multiproduct FinTech platform used by global leaders in banking, wealth management, insurance, and capital markets. The company's three lines of business - IntellectAI, Global Consumer Banking, and Global Transaction Banking - provide a full range of products and services related to banking and wealth technology. Intellect is the brand that progressive financial institutions look to for their digital transformation initiatives as a result of its deep domain expertise spanning over 30 years
Intellect is the brand that progressive financial institutions look to for their digital transformation initiatives as a result of its deep domain expertise spanning over 30 years
As a pioneer in Design Thinking, Intellect has created cutting-edge products and solutions for banking and insurance, with design being the company's key differentiator in enabling digital transformation in the banking and insurance industries. The world's first financial technology design center, FinTech 8012, is an expression of Intellect's commitment to continuous, impactful innovation, which addresses the growing need for digital transformation in the financial industry. With offices in 57 countries around the world, Intellect serves over 270 customers around the globe with its diverse team of solution architects and domain and technology experts based in the major global financial hubs all over the world.. In order to learn more about the organisation and its solutions, please visit the following website:.Design by intellect.It's a company 
It's a company 
Please contact the following person for media related information: Nagappan Intellect Design Arena LtdMob: +91 89396 19676Email: [email protected] 
The contact person for Investor related information is Praveen Malik, Intellect Design Arena LimitedMob: +91 89397 82837Email: [email protected] 
iGCB Intellect logo: https://mma.prnewswire.com/media/2016461/iGCB_Intellect_Logo.jpg OTP Bank logo: https://mma.prnewswire.com/media/2296351/OTP_Bank_Logo.jpg
Intellect Global Consumer Banking (iGCB), the consumer banking arm of Intellect Global, has chosen Intellect Digital Core (IDC) as its core banking system for OTP Bank.
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