Add one more bank to the hundreds of financial institutions in more than 20 countries currently relying on CRIF to manage their lending business.
OTP Banka Slovakia announced this week that it was deploying the CRIF Credit Framework, replacing its old loan approval system with a technology that represents “global best practices in lending processes and risk assessment,” according to bank CRO, Peter Leško.
In addition to the technology itself, CRIF’s experience in helping banks make the transition to more sophisticated loan origination and credit management solutions also helped OTP Banka Slovakia make the switch. Leško cited CRIF’s “flexible software framework” and the company’s ability to “act on site in local language” as key to providing both the support and the independence the bank wants.
This last point echoes what we heard from CRIF in the days leading up to their Finovate debut in February at
FinovateEurope 2014. “Banks are more and more requesting the ability to make changes,” CRIF marketing director Sheila Donahue explained in a pre-demo briefing. “They don’t want to be dependent on vendors or have their hands tied.” Read more from our briefing with CRIF
here.
OTP Banka Slovakia is part of the OTP Group. Based in Bratislava and with more than 600 employees, the bank has a network of 63 branches throughout Slovakia. OTP Banka Slovakia reported assets of €1.4 billion as of the end of 2013.
CRIF was founded in Italy in 1988. The company’s 2013 revenues were €305 million. More than 2,400 banks and financial institutions worldwide use CRIF’s technology daily.
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