Ipoteka bank OTP Group, one of Uzbekistan’s largest banks, has launched a new corporate online banking system for legal entities and sole proprietors on the U-BSS platform.
The new system completely replaces the legacy remote banking office for corporate clients. The platform combines local currency payments and SWIFT transfers, FX conversion, corporate cards, QR payments and acquiring, payroll programs, loans, deposits, and document management.
Clients can complete remote identification via E-IMZO, MyID, and SMS confirmation. The online bank works in all popular browsers and supports operations both with and without USB tokens. The platform offers flexible access control settings for employees and a corporate mode for holding companies featuring single sign-on and segregated permissions for each group entity. Dedicated apps are available for iOS and Android.
U-BSS, a resident of Uzbekistan’s IT-Park, served as the technology partner. The platform is tailored to local legislation and the regulatory requirements of the Central Bank of Uzbekistan, with deployment typically taking from 3 to 6 months.
