Space digital banking platform Qorus Banking Innovation Awards 2022

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TBC Bank

TBC Bank is a leading company in the region. It is distinguished with its utmost care for its clients, constant striving for novelty and everlasting pursuit for development. Success of TBC bank is conditioned by well-developed and diversified service channels, efficient sales system and high quality of the services provided.

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30/09/2022 Banking Innovation

Our Vision is to create region's first truly digital Banking as a Service Platform. Space was first launched in Georgia as a Neobank in record time of 8 months and later in 2020 in Uzbekistan under the Brand Name TBC Uz. Space provides all modules and systems required to roll out greenfield digital bank or be integrated into the existing ecosystem.

Innovation details

Country
UzbekistanCategory
Neobanks & Specialized PlayersKeyword
Retail bankingTotal Cost
$>5M

Innovation presentation

Space is a Digital Banking Platform that was created 5 years ago as a greenfield POC Inside Georgia's largest traditional bank TBC. With the country's population of 3.5M having nearly 50% market share it was obvious that geographic expansion was the only way to grow. Today Space digital banking platform is TBC Banks' main tool for geographic expansion, it already powers two banks in Georgia and Uzbekistan and new markets are in the pipeline. A digital banking platform provides banking products, underlying technology, and professional services to run a fully digital business centrally from one country.

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