July 24, 2020 – Capital banking solutions, the global provider of integrated banking software, today announced that TBC Bank’s first digital bank in Uzbekistan and subsidiary of TBC banking group in Georgia, are launching Capital Banking Solutions’ open platform: CapitalBanker and the CapitalConnect suite in as an open back-end API. based solution.
The vigorous activity of TBC Bank is a catalyst for changes in the banking sector in Uzbekistan by contributing to the development of the financial services sector and the economy of the country as a whole. The first digital bank in Uzbekistan will be supported by Space’s digital retail platform. Space is the first fully digital bank in Georgia, powered by TBC and launched in 2018.
For its new location in Uzbekistan, TBC’s goal was to provide its clients with instant facilities for Loans and Deposits banking services.
TBC Bank was therefore looking for a FinTech partner capable of providing an open platform offering transparent integration standards and fast and efficient configuration and management of loan and deposit products.
The choice fell on Capital Banking Solutions’ open banking suite to seamlessly connect to TBC Enterprise Service Bus via API integration services while meeting the detailed business needs of the bank.
Lasha Gurgenidze, CEO of Space commented:
“Space is an innovative digital banking laboratory, where experiments are carried out in terms of products, services and communication. Successful discoveries can already be used outside the country. Uzbekistan is the first case of geographic expansion for the Space team. Entering new markets is one of the key elements of our strategic vision and we have several objectives in this direction.
Samer Hanna, CEO of Capital Banking Solutions, said:
“We are delighted to help TBC Bank achieve its goal of becoming the region’s best digital financial services provider with Capital Banking Solutions as a partner.
Our mission is to help banks innovate and grow. The flexible design of the Capital Banking Solutions suite through the open source API platform provides a unique and cutting edge approach to banks embracing the new digital age.
Capital Banking Solutions managed to meet very tight deadlines and supported TBC Bank in launching a new bank, in a new country, using instant open services, thanks to the very well designed and powerful architecture and services of high-end banking advice with consultants capable of advising and guiding the bank in the choice and configuration of the right choices.
About Capital Banking Solutions
Capital Banking Solutions is a leading provider of an end-to-end global banking platform that empowers banks to drive change for their business and transform the way they serve their customers. The aim is to enable customers to continuously improve their performance and compete with other market players.
The company has over 25 years of banking expertise in delivering innovative and comprehensive solutions that meet the changing needs of modern financial institutions.
About TBC Bank
JSC TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 39.4% of loans and 39.8% of non-bank deposits as of March 31, 2020, according to data released by the National Bank. from Georgia.
TBC PLC became the parent company of TBC Bank on August 10, 2016. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is included in the FTSE 250 index.
About the space
Space is a digital bank, with the ambition to transform the traditional banking approach on a daily basis. Space is changing the way people manage their daily banking needs through a fusion of technology and design. In short, Space saves time with simple, mobile-only banking. The company does not see digital as an accessory or an addition, but as a central or fundamental value. Space is a kind of redesigned bank, 100% customer-aligned and all processes are fully digital. No time spent on branch visits or interactions with the bank clerk – financial services delivered via a mobile app, with a nice design and significantly better functional UX.
For information, contact:
Capital banking solutions
Jenny Bedran, marketing specialist