OTP Bank stops up to 300 potentially fraudulent loan applications every month

OTP Bank stops up to 300 potentially fraudulent loan applications every month

Moscow, Russia, 15 September 2016 — Russian retail lender OTP Bank is detecting and stopping up to 300 suspicious loan applications every month, thanks to a partnership with Experian, the global information solutions company.

OTP Bank implemented Experian’s Hunter anti-fraud platform for retail lending just over six months ago. It has already proved invaluable to OTP Bank, thanks to its efficiency and ability to directly embed it into the bank’s strategic fraud analysis.

Sergey Kapustin, Deputy Head of the OTP Board, says: “This system was really necessary, taking into consideration the growing scale of our activity. The crucial factor for us was the flexibilty of the platform.  It can be adapted or customised to meet the specific needs of our bank. This increased how quickly and efficiently we were able to detect and respond to suspicious applications. It also means we are improving the quality of our portfolio by focusing more on our genuine customers and the experience they have”.

Commenting on the successful Hunter implementation within OTP Bank, Marco Benvenuto,   Managing Director, EMEA Key Markets, Experian, adds: “Fraud is a growing global challenge that can’t be ignored. We are delighted to be working with OTP Bank on this project. Hunter is one of the most efficient application fraud prevention systems available, developed in line with current best practice in fraud prevention among Russian banks.  It is helping safeguard OTP Bank’s customers and the business as a whole from fraud.

“We hope that our work with OTP Banks will help inspire others in the market to take further steps to combat fraud.”

Experian’s Hunter is a decision-making system that automatically analyses customer data for reliability and consistency.  Using pre-set rules, it detects fraud at the application stage. It is also constantly enhanced as new forms of fraud emerge. Besides Hunter, OTP Bank is also successfully operating Experian’s Tallyman system, designed for the management of overdue debt.

About OTP Bank

OTP Bank is a universal credit institution offering a wide range of retail and corporate banking services and products. It is one of TOP-50 Russia’s largest banks. OTP Bank is a part of the international financial OTP Group – one of the leaders of the financial market of Central and Eastern Europe. OTP Bank ranks the 2nd in the POS lending market (Frank Research Group as of 1 April 2016) and has the 6th position in the credit card market (Frank Research Group as of 1 April 2016). OTP Bank is a member of the system for mandatory deposit insurance.    


About Experian
We are the leading global information services company, providing data and analytical tools to our clients around the world. We help businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. We also help people to check their credit report and credit score, and protect against identity theft.  In 2014, we were named by Forbes Magazine as one of the ‘World’s Most Innovative Companies’.

We employ approximately 17,000 people in 37 countries and our corporate headquarters are in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2016, was US$4.6 billion.

To find out more about our company, please visit http://www.experianplc.com or watch our documentary, ‘Inside Experian’.



 OTP Bank 

Victoria Bakaeva

Head of Press Service

Tel.: +7 (495) 783- 54- 00 (ext. 2660)

Mobile: +7 (916) 210- 10- 44



Fyodor Mozhaev

Press Secretary

Tel.:+7 (495) 783- 54- 00 (ext. 2855)

Mobile: +7 (916) 104- 75- 76




 Nataliya Frolova

Tel. +7 (495) 981-8416 (ext. 125)