OTP Bank and Iliad Solutions collaborate.

In a new multi-year agreement, Iliad Solutions has been chosen by OTP Bank, a listed retail and business bank with its headquarters in Budapest, Hungary, to serve as its payment testing provider.

Madilyn Swift

March 01, 2024

1Min Read

128

Payments

Presently, OTP Group has operations in 12 countries: Albania, Bulgaria, Croatia, Hungary, Moldova, Montenegro, Romania, Russia, Serbia, Slovenia, Ukraine, and Uzbekistan in Middle Asia. OTP Bank Hungary is the main business of OTP Group.

OTP Bank will license t3, the premier enterprise-grade, browser-based digital payments testing platform from Iliad. This platform offers state-of-the-art, automated testing solutions that support OTP's growth as a financial institution and its ability to process payments.

Effective payment testing is essential to OTP Bank's future growth and success, according to Ábel Bagaméry, director of card payments. Modern testing technologies enable us to do this. We appreciate the chance to use t3, one of the most sophisticated payment testing platforms available, through our new cooperation.

"We are delighted that OTP Bank has selected Iliad's t3 solution as its strategic testing platform to support its next phase of modernization and digital development," stated Anthony Walton, CEO of Iliad Solutions. We are eager to collaborate productively with OTP in all of the bank's markets. Being able to do new business in the CEE region is fantastic.

It is more crucial than ever to reduce obstacles in the complicated process of bringing new payment efforts to market swiftly, effectively, and affordably. To everyone's advantage, t3's streamlined and automated testing procedure promotes the dynamic acceptance of digital payments.

Leading financial institutions all across the world use Iliad's products and services to assist minimize risk while implementing new payments technology, lower testing costs, and accelerate the rollout of new systems.

Every level of a project can benefit from sophisticated controls, and accessible dashboard views provide real-time data access. Complex transaction testing is made easy and efficient with t3; tests are fully automated and capable of processing up to 15,000 transactions per second.