TBC Bank’s digital transformation spurs rapid growth

TBC Bank’s digital transformation spurs rapid growth
05.05.2015 01:00 am

TBC Bank’s digital transformation spurs rapid growth

Georgia’s TBC Bank is today announcing its digital transformation has resulted in a staggering 54 per cent leap in remote banking transactions in just 12 months.

One year ago, TBC Bank users completed just 4.5 million transactions a year using internet and mobile banking platforms. Fast forward to 2015 and this has increased by 54 per cent to 6.95 million remote transactions a year, seeing remote banking overtake traditional in-store contact.

The overhaul of TBC Bank’s remote channel was fronted by agile software consultancy Box UK, which was tasked with delivering a disruptive user experience to position it as Georgia’s leading bank. This included enhancing the interfaces of previously established platforms, such as ATMs and kiosk machines, alongside apps for Apple and Android device users.

Vazha Beriashvili, deputy retail director at TBC Bank, believes the digital transformation continues to play a pivotal role in the firm’s growth.

“We are passionate about leading the industry’s innovation yet the number of clients engaging with us remotely simply wasn’t good enough. We decided the time had come to transform customer experience and following an in-depth global tender, Box UK’s vast experience of delivering high quality user experience across a wide range of platforms made it the obvious choice,” Vazha explains.

 

“Working closely with Box UK resulted in a complete renovation of our online platforms, kiosks and ATM interfaces to increase simplicity, as well as a vast array of apps which had not previously been seen in the Georgian banking industry. Disrupting the market in this way has set us apart from our competitors, resulting in us being named the best bank in Georgia, alongside continuous growth of our remote channels.”

Benno Wasserstein, managing director of Box UK, believes the agile approach to software development played a key role in the success of the project.

“At Box UK, we thrive on working on cutting-edge, digital transformation projects and we were delighted to be selected to partner with TBC Bank to renovate its user experience. The brief was to design an innovative platform which positioned its remote channels at the forefront of TBC’s offering, and that’s exactly what has happened,” Benno says.

“As with all projects, there were obstacles to overcome, not least the challenges presented by idiosyncrasies of the Georgian banking market and the Georgian alphabet. However, the constant communication and collaboration we continue to have with TBC Bank ensures its brilliantly simple user experience remains on the front-line of the banking industry and we look forward to continuing this relationship in the future.”

Related News

Unisys Launches New Version of Elevate™ Omnichannel Banking Platform to Facilitate Shift to Open Banking

 Unisys Corporation (NYSE: UIS) today announced the availability of the latest version of its ... Read more »

People Who Do Not Have Bank Account Pay £500 Extra a Year in Bills

People who do not have access to a bank account pay an extra £485 a year for everyday bills and services, research from an account provider suggests.

More than 1.2... Read more »

Ixaris accelerates ambitious expansion programme with new senior hires

Award-winning global payments company, Ixaris, has bolstered its senior team with the hire of a new Chief Legal and... Read more »

Archelios™ Suite 2019: The Greatest Performance Throughout All The Phases Of The PV Project

Trace Software International announces the launch of the latest version of the archelios™ suite, the software solution to manage the entirety of a wide range... Read more »

MeaWallet Launches Multi-Scheme Merchant Tokenization

Digital payment solutions provider, MeaWallet, today launches a... Read more »

Allied Wallet Supports New eWallet Solutions in Vietnam

Allied Wallet, a globally leading provider of mainstream online payment processing, is now compatible with Nganluong, Momo, and VTC... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel