Case Study: OTP Bank Moldova launches instant payments with CS

OTP Bank launches instant payments in 5 seconds with CS Ltd.

The customer, OTP Bank (Republic of Moldova), faced the challenge of implementing a new instant payment system to align with a national initiative from the National Bank of Moldova. Their key requirements included 24/7/365 availability, processing speeds under five seconds, and the ability to make secure transfers using just a recipient's phone number. They partnered with vendor CS Ltd., which utilized its Core Banking System B2 (CBS B2) for the project.

CS Ltd. implemented a comprehensive solution that involved transitioning its CBS B2 to 24/7 mode and integrating it with the national Central Alias Service (CAS) and the National Bank's systems. This allowed customers to make instant transfers using a phone number as an alias. The successful launch resulted in the ability to make instant transfers at any time, significantly simplified and sped up banking operations for customers, and strengthened the bank's position as an innovative institution in Moldova.

OTP Bank (Republic of Moldova)