TBC Bank, which is claimed to be the first digital bank in Uzbekistan, and its subsidiary in Georgia, have gone live with integrated banking software provider Capital Banking Solutions’ (CBS) API-based open platform.

TBC Bank has gone live with  CapitalBanker and CapitalConnect.

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The digital bank in Uzbekistan will be supported by Space, a fully-digital bank in Georgia and powered by TBC. Space was launched in 2018.

Space general manager Lasha Gurgenidze said: “Space is an innovative digital banking laboratory, where experiments are made in terms of products, services and communication.

“Uzbekistan is the first case of geographic expansion for Space team.”

TBC Bank was looking for a fintech partner for an open platform that provides seamless integration standards and efficient management of loans and deposits products.

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Capital Banking Solutions’ Open Banking Suite could seamlessly connect to TBC Enterprise Service Bus through API integration services while addressing the bank’s business needs.

CBS CEO Samer Hanna 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.

“The flexible design of Capital Banking Solutions’ suite through an open source API platform, offers a cutting-edge unique approach to banks adopting the new digital era.”