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Hungary’s OTP Bank taps iGCB for core banking revamp | Fintech InShorts: Latest fintech news, analysis by experts

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Hungary’s OTP Bank taps iGCB for core banking revamp

By Laura M

December 12, 2023

OTP Bank’s Upgrade: OTP Bank, based in Budapest, Hungary, chooses Intellect Global Consumer Banking (iGCB) for a core banking system upgrade.
International Presence: OTP Bank operates in 11 Central and East European countries and plans to enter the Uzbekistan market soon.
Digital Transformation: Utilizing Intellect Digital Core (IDC) and lending platform for a digital banking experience for retail and SME customers.
Efficiency Boost: The new core system aims to enhance employee efficiency through workflow-based processes and rule-based engines.
Regional Implementation: DSK Bank, OTP Bank’s Bulgarian subsidiary, will also implement the new core system.
IDC Features: IDC is a microservices-based, API-first, and cloud-ready product suite, launched in Europe last year.
Partnership Synergies: OTP Bank cites “similar synergies with iGCB” as a reason for selecting IDC, expecting to create sustainable, personalized banking experiences.

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