Low-code teams of OTP Bank presented the results of their work within the Creatio Demo Day
At the end of August, a closed event "OTP Bank Creatio Demo Day" was held in the Terrasoft conference hall, which was organized with the support of the Management Board of OTP Bank and with the participation of Terrasoft experts. The purpose of the first meeting in the new format was the presentation of the implemented functionality on the Creatio platform and business results, which were achieved by low-code teams of the bank.
OTP Bank, a recognized leader of the financial sector of Ukraine, has been using low-code platform Creatio from Terrasoft to automate its business processes since 2017. Today, more than 700 employees of the bank work with Creatio functionality daily: automated processes of corporate and retail business lines, loans issuance processes, risk management and other areas of the bank's business on a single platform. Thus, 100% of tasks on adjustment and start of a functionality are carried out by internal commands, without involvement of external experts.
Working at the intersection of IT and business, low-code/no-code technologies are becoming a driver of digital transformation. According to Gartner analysts, by 2023 more than 50% of medium and large companies will implement the low-code platform as one of their strategic software platforms. Knowing these prospects, OTP Bank was the first in the Ukrainian market to transform the approach to process automation and the creation of the necessary bank IT solutions, transferring most of the automation tasks into the hands of business units.
The OTP Bank Creatio Demo Day summer event, which was attended by low-code teams and the management, as well as vendor representatives, was dedicated to the most innovative and efficient solutions on the Creatio platform. Project leaders presented more than 10 decisions, which received awards in various categories as a result of the meeting.
The event was attended by Volodymyr Mudryi, Chairman of the Management Board of OTP Bank, as well as Lilia Lazepko, Member of the Management Board. "In their low-code projects, the bank's teams are guided by the principle of synergy - business analysts with the help of custom tools Creatio quickly create and modify the desired functionality, while developers tackle integration issues and more complex technological issues. The use of such an approach allows to significantly accelerate the implementation of new business ideas and reduce the burden on IT specialists, - Lilia Lazepko said. - This is definitely a winning strategy, and we will continue to strengthen this direction. And, of course, we will actively support the initiatives of low-code teams, because this is the basis for the bank’s successful digital transformation. "
During the meeting, Ivan Malafeev, Chief Product Officer of Terrasoft, spoke about the trends in the global low-code market and the development strategy of the platform and products Creatio for the next six months. At the end, the participants were able to communicate in an informal atmosphere with the leaders of R&D Terrasoft, exchange ideas and feedback.
"We are extremely happy to receive such guests! We have been cooperating with the OTP Bank team for a long time and we are very inspired by the results that the teams achieve with the help of low-code / no-code Creatio technologies, - Sergey Lomaka, director of work with key clients of Terrasoft commented. - I am sure that 2021 will be another significant milestone for the client on the way to building a low-code bank. And we, for our part - R&D, technical support, Customer Success, everyone in the company - will do our best to let each of our customers create and change the functionality of Creatio in a matter of days, hours or even minutes."
Terrasoft Ukraine - a leading manufacturer of low-code, BPM and CRM enterprise software. Creatio technologies help thousands of large and medium-sized companies around the world to optimize and accelerate the organization's sales, marketing, service and operational processes. Terrasoft Ukraine is a part of the international group of companies Creatio, which has a staff of 600+ employees and customers in 110+ countries. According to Gartner and Forrester, Creatio software products occupy leading positions in different IT markets. Read more:https://www.terrasoft.ua/.
Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.