OTP Bank selects Iliad Solutions in multi-year payment testing deal

March 1st 2024. OTP Bank, a listed retail and corporate bank based in Budapest, Hungary, has selected Iliad Solutions as its payment testing provider in a new multi-year deal.

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, OTP Bank Hungary being the parent company.

OTP Bank will licence t3, Iliad’s flagship enterprise-grade, browser-based digital payments testing platform providing cutting-edge, automated testing options helping drive OTP’s payment capabilities and its position as a leading financial institution.

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.”

Anthony Walton, Iliad Solutions CEO commented “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.”

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

Iliad’s products and services are used by leading financial institutions around the globe helping to minimise risk when deploying new payments technology, reducing the costs associated with testing and improving the speed of launching new systems.

Sophisticated controls can be applied to projects at every level, with real time data available via intuitive dashboard views. t3 allows the testing of complex transactions simply and effectively – tests are fully automated and can run at up to 15,000 transactions per second.