Posted by & filed under Accelerator, Banking, Fintech, Global Fintech Accelerator, Programs.

Collaboration between startups and corporations is a great formula. That’s why fintech startups are looking for good financial institutions to work with.

That’s why we’ve picked the best partner for you at the Global Fintech Accelerator: OTP Bank! It has all the traits you need. It’s a strong partner. It’s also an innovative one. And the people working there have an attitude of getting stuff done (tweet this).

A strong partner

OTP Bank is a 65-year-old institution. But don’t let that fool you: they have had to live through great changes, you could even say it comes from a different era. And they had to change fast, so they know how to adapt to new environments.

OTP Bank is not only the biggest bank in Hungary, it’s also the biggest banking group in the Central Eastern European region. They are present in 9 different countries, with around 14,5 million customers. With a strong focus on retail banking, they have the financial background and know how to help your startup. According to Peter Csanyi, Head of Digital Sales and Development, you will be able to “verify the value proposition of your startup, and see how it can work in the long run”. It’s your best chance to become bank-validated! (tweet this)

But OTP Bank is not just a bank. It’s a group, with very different subsidiaries. This gives you the opportunity to test your business idea in a live ecosystem. Big markets can be tough to enter, but with a partner like OTP Bank, you have a chance to validating your business in it, knowing what you’re doing.

 

 

“We know the local market, we know what’s realistic” adds András Fischer, Head of Retail Innovation. Their dominating position gives them the capability being ambitious and delivering. And it also gives them access to lots of data, that they’re willing to use to make the customer experience better. Big data? No: huge data!

 

An innovative partner

OTP Bank is renown in its region for its innovativeness. This means that their customers are used to trying new products and services. “We are not relaxed, thinking that we are the biggest in Hungary or in the region”, says Ferenc Böle, Head of IT Project Management and Methodology. Instead, they are committed to bringing new innovations to the market.

One of the effects of their openness towards innovation is their decision-making process. During the accelerator, in the OTP Bank’s headquarters, decision-makers are all at your reach. “All decisions happen very fast, very efficiently, every good idea can be executed”, adds Böle. If it’s a good idea, they’re in! And working with your startup is a good idea for OTP Bank, right?

This shows in their attitude as a company. “Traditionally OTP Bank is superior in technology innovation”, comments Tamás Schenk, Head of Digital Transformation Program Management Office. “If something is really exciting to our customers, we are devoted to developing it here”. They’re keen on working with startups, to bring the next disruptive idea to the market (with you).

Evidence to this attitude is the fact that they have already developed two internal startups themselves! “OTP Bank has the power to rise these solutions to a mass level”, shares Peter Benyó, CEO of OTP Mobil, one of those startups. “We run lean startup, we have the flexibility, with the strong financial background”, adds Tamás Jósvai, CEO of eBiz, the other OTP Bank startup. This means that OTP Bank knows very well how to work with a startup, which will make the collaboration with you so much easier!

 

A partner with the right attitude

Last but not least, people at OTP Bank are generally open, hard-working, and very structured. “Once something is decided, they are devoted to carrying it out”, adds Schenk. They have an attitude of doing business and getting things done.

 

 

“We don’t try to pretend”, adds Böle. OTP Bank doesn’t work with startups just “to be cool”. They have the capability – and the will – to bring value to customers. And they strongly believe that they can do that better working with startups. “I believe that our colleagues provide a very welcoming atmosphere”, adds Fischer.

Collaboration requires the right attitude, and the right ingredients (tweet this). And OTP Bank has both. And they are looking for startups to join the OTP Bank’s Startup Accelerator with us.

So now is your chance to join one of the best accelerators for your business. If you haven’t applied yet, what are you waiting for? It’s your chance to validate your business with one of the best partners.

 

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