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Mambu

Georgia's first cloud only bank

Success story

In 2017, TBC reached a decision to create a neobank that exists only as a mobile app, without traditional branches and no physical presence. Structured as an autonomous business, Space provides customers with the full range of retail banking services including loans, saving products and payment cards.

Customer base

3+ million

Segment

Retail

Mambu's role

Cloud banking platform

Space is the first regional cross-border digital banking platform which enables TBC Group to expand its digital banking operations internationally.

Interview with Nika Kurdiani, CEO of Space International & Deputy CEO of TBC Bank, and Giorgi Kapanadze, CPO at Space International.

TBC Bank Group PLC is a public limited company registered in England and Wales and the parent company of JSC TBC Bank. Together with its subsidiaries, TBC Bank is a leading universal bank in Georgia with a total
market share of 38.4% of customer loans and 40.1% of customer deposits as of 30 September 2021.

TBC PLC is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.

TBC, in a way, created its own competitor in Georgia.
Nika Kurdiani
Deputy CEO, TBC Bank

Space was first launched in Georgia as a neobank in record time of eight months and, later in 2020, in Uzbekistan under the brand name TBC Uz. Space provides all modules and systems required to roll out a greenfield digital bank or to be integrated into the existing ecosystem. Its built-in digital product portfolio enables fast rollout on the market and continues delivery of new features and improvements.

With its flexible composable architecture, we have been able to build and launch from scratch in just eight months and are primed to scale up our offering
Giorgi Kapanadze
CPO, Space International

Space delivers a full daily banking mobile service with superior customer experience, placing a special focus on differentiating by design, customer care, price transparency and instant service delivery. Having chosen a fintech approach, Space was launched on Mambu due to its composable, cloud-native and API-driven nature, which supported expansion with fast time to market.

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