Regional banking group OTP Bank has signed a deal with UK-based Iliad Solutions to roll out automated testing tools across the bank’s operations in Eastern Europe.
As part of the multi-year deal, Iliad will service the Hungarian bank with “automated testing options” in order to enhance the bank’s payment capabilities.
The deal means OTP will get access to Iliad’s relatively young payments testing and certification product, t3.
Ábel Bagaméry, director at Budapest-based OTP, called more enhanced testing “key to our future success and expansion”, as he labelled t3 “one of the most advanced payment testing platforms in the world.”
OTPs integration of t3 comes only months after the bank migrated its entire operations to a core banking system that was designed and developed by Indian banktech solution provider Design Arena.
OTP completed the transfer to Design Arena’s Intellect Digital Core in December of last year.
T3 platform
OTP’s product comprises of four main components, namely the t3:Switch simulation and test engine, the t3:Now test tools, the t3:Portal graphical user interface, and t3:Cert, which specifically serves level three terminals’ onboarding and certifications.
Combined, these platforms are capable of running just over 15,000 transactions per second, and include a host of payment components, such as chip card testing, digital and mobile wallets, real-time payment traffic as well as clearing and settlement.
In addition, testing will be applied to money transfers, loans and credit, securities transactions, batch payments and instant payment service, among others, Bagaméry said.
The OTP Group currently operates across 13 countries in Central and Eastern Europe, as well as Central Asia, including Romania, Ukraine, Albania, Russia, Uzbekistan and Moldova. It is the largest bank in its home market, Hungary.
Want to stay up to date and receive our news, features and interviews for free? As well as all the latest info about our global events.
Our e-newsletter lands in your inbox every Friday. Sign up HERE in one simple step.
ALSO READ
