TBC Bank, Uzbekistan’s first digital bank which is a subsidiary of the TBC Bank Group in Georgia, announced that it will be supported by Capital Banking Solutions, a provider of integrated banking software.

The Capital Banking Solutions’ open platform namely CapitalBanker and CapitalConnect are open back-end API-based solutions.

The digital bank will be supported by Space’s digital retail platform which was purportedly the first fully digital bank in Georgia that was powered by TBC and launched in 2018.

Lasha Gurgenidze, General Manager at Space commented:

“Space is an innovative digital banking laboratory, where experiments are made 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 components in our strategic vision and we have several goals in this direction.”

Samer Hanna, CEO Capital Banking Solutions, said:

“We are excited to support TBC Bank in achieving their goal to become the best provider of digital financial services in the region with Capital Banking Solutions as their partner.

Our mission is to help banks innovate and expand. The flexible design of Capital Banking Solutions’ suite through open source API platform, offers a cutting-edge unique approach to banks adopting the new digital era.”

For its new implementation in Uzbekistan, TBC’s target was to deliver to its clients instant facilities for loans and deposits banking services.

Featured image credit: Edited from Unsplash