OTTO GmbH & Co. KG has chosen IDC for the digital transformation of their Payments and Financing platform. The GDPR-compliant integrated cloud-based system will enable comprehensive management of complete credit lifecycle

Intellect Design Arena Ltd strengthened its global presence after being chosen as the preferred partner by Germany’s leading e-commerce player, OTTO GmbH & Co. KG, for the digital transformation of their Payments and Financing platform.

OTTO is part of one of the largest and most successful e-Commerce companies in Europe. Otto Group, a globally active trade and service group with presence in more than 20 countries across European, American and Asian countries, is one of the biggest online retailers globally, with Payments being a strategic business segment, offering services such as integration and processing of common third party payment methods including installment payments and pre-payments.

The financing division of the client selected Intellect’s Digital Lending solution for the complete digitalization of their credit business. The lending solution, from Intellect’s robust IDC platform, promises a scalable, future-proof technology to support all forms of credit arrangements that the client’s business requires – from simple financing arrangements to large volumes of retail customers including dunning, re-financing and factoring arrangements. The Digital Lending solution designed with API-first strategy from Intellect is capable of managing the entire credit lifecycle from origination to maturity, offering a real time 360-degree view of customer’s credit portfolio.

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