CBS B2 interfaces for direct repayments in OTP Bank

10 oct 2014

1 minute reading

In summer 2014 CS experts finished the project of the ABS B2 interfaces development for direct repayments.

Within the bounds of the project program interfaces of the ABS B2 were developed. They enabled OTP Bank include the ABS B2 copy that was used for consumer crediting to the general bank payment

system. This mechanism enabled to automate intersystem and interbank payments. It considerably reduced the number of manual operations at all process stages of the consumer crediting and calculations with trade partners.

Now clients of the OTP Bank have an opportunity to deposit directly into individual accounts for credit distribution.

Also the mechanism of financial data aggregation and unloading to bank’s accounting systems.

OTP Bank

OTP Bank is one of the largest domestic banks, the recognized leader of Ukraine’s financial sector. Represented in the Ukrainian market since 1998, OTP Bank enjoys sound reputation for being socially responsible, reliable and sustainable financial institution providing its consumers with services of European quality standards.

Return

The successful launch of the CBS B2 marks an important milestone for our Bank. Achieving a seamless, one-time transition sets a new benchmark for efficiency and innovation in banking. We deeply appreciate CS Company’s dedicated team for their commitment and relentless effort in this project’s success. We are excited for continued partnership and driving further advancements in our transformation journey

Mihail Iovu

Chief Operations Officer, Moldindconbank

OTP Bank has been successfully collaborating with CS for over 15 years. During this time, a number of key projects have been implemented, including the development of reporting for the National Bank of Ukraine, the B2 operational system, a data warehouse, and internet banking for corporate clients. We highly value CS’s ability to offer comprehensive and integrated solutions, which have enabled us to automate end-to-end processes and significantly enhance our level of digitalization. We especially appreciate the flexibility and personalized approach of the CS team, which allows us to tailor technologies to our business needs and build a true partnership.

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Liliya Lazepko

Member of the Management Board, OTP Bank Ukraine

The new CFRONT platform is enabling GLOBUS BANK to confidently break into the retail lending market. Thanks to our partners at CS, the entire process now takes just minutes - only 1 minute for approval decisions and 10 minutes to complete all necessary loan documentation. Our customers and partners are going to love this efficiency. With such a powerful and user-friendly system as CFRONT, GLOBUS Bank has set ambitious goals for its expansion in the retail lending market.

Olena Dmitrieva

First Deputy Chair of the Management Board, GLOBUS BANK

Undoubtedly, creating mobile banking is a combination of functionality, simplicity, and aesthetics. We are now seeing that our joint efforts with the development team are receiving positive feedback and show good user engagement dynamics. Bank Lviv fully supports open and transparent communication with clients: we share their needs and focus on the relevance of functionality

Tamar Tkhelidze

Deputy CEO, Lviv Bank

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