OTP BANK is focused on digitalization of its products and services – Liliia Lazepko
Technologicality and digitalization of services are among the main priorities of OTP BANK JSC. In order to offer as many opportunities as possible, were introduced low-code and no-code platforms, which allow businesses to independently develop processes and products.
This stated Liliia Lazepko, Member of the Board of OTP BANK, responsible for the business line of operations and IT, at the closed meeting of the UKRAINIAN BANKING SUMMIT, where top managers of the banking industry, fintech companies, regulators, and market experts met.
"The Bank's operational efficiency indicator is one of the best in OTP Group and among Ukrainian banks due to the technological sophistication of our processes. My dream is for all our processes to be fully digitalized. At the Bank, we decided that anyone who wants to develop new solutions will have the opportunity to do so, and we provide this opportunity. Those who own technologies organically integrate into the banking sector," - she noted.
Liliia Lazepko also said that OTP BANK has been using a scoring model for a long time, and the loan portfolio of individuals is constantly improving thanks to modern technologies. At the same time, Liliia Lazepko noted that the digitalization of lending for legal entities should be more about analyzing, updating and systematizing data, because the human factor in this area is also very important.
At one of the UKRAINIAN BANKING SUMMIT sessions, Hanna Gorbenko, Director of the Compliance and Financial Monitoring Directorate of OTP BANK, spoke and said that artificial intelligence technologies in banks can be used to identify unscrupulous clients or those whose ultimate beneficiaries are persons included in the sanctions lists.
«In addition, artificial intelligence can easily predict or tell about existing new fraudulent schemes or money laundering methods, based on data on the market situation, which always develops faster than the financial sector. It is also advisable to use AI to systematize knowledge from the regulatory base in the areas of compliance and financial monitoring, since this base is very large», - she emphasized.
Share these news with friends!
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.
Additional information
