Erste Bank Hungary in paytech revamp with ACI Worldwide
Paytech project for ACI in Hungary
Erste Bank Hungary (EBH) has implemented ACI Worldwide’s UP portfolio of payment solutions “to drive its open banking strategy, support new revenue streams and fully meet PSD2 and instant payments compliance requirements”, according to the vendor.
The suite includes UP Retail Payments, which will provide EBH customers with real-time balance data 24×7 across all banking channels. This, notes ACI, is “a crucial compliance requirement of Hungary’s domestic instant payment scheme”, which will launch in 2019.
EBH has also installed the latest version of Proactive Risk Manager (PRM) and implement real-time prevention and detection capabilities.
“Our bank faced the dual challenge of meeting a very tight in-country deadline for Instant Payment go-live dates, while driving its digital transformation strategy at the same time,” says Tamás Foltányi, COO of EBH.
EBH is a long-standing customer of ACI.
The bank is a member of Erste Group, a major financial services player in Central and Easter Europe. The group operates in seven countries (Austria, Czech Republic, Slovakia, Romania, Hungary, Croatia and Serbia), has 15.8 million clients and 2,700 branches.
Last month, another Hungarian bank, OTB Bank, opted for ACI Worldwide’s UP for its digital overhaul.
