NBG: Five leading commercial banks to transform their treasury infrastructure using Nasdaq Calypso system

Five leading Georgian commercial banks, Bank of Georgia, TBC Bank, Liberty Bank, Terabank and Basisbank, will transform their treasury infrastructure using the Nasdaq Calypso system, an internationally recognised platform, the National Bank of Georgia (NBG) announced.

According to the NBG, Nasdaq is announcing this development to the public via a banner displayed in New York’s Times Square.

The NBG further stated that the Nasdaq Calypso shared platform is being implemented with the support of the National Bank of Georgia and under the auspices of the Georgian Financial Markets Treasury Association, providing the reliable, world-class infrastructure needed to foster the further growth of the banking sector.

“This initiative, which is being implemented within the framework of the “Georgia Financial Markets Development Program” (GMAP) and coordinated by the Georgia Financial Markets Treasury Association (GFMTA), represents a significant milestone in the development of Georgia’s financial markets.

The partnership with Nasdaq represents another important milestone in the transformation of Georgia’s commercial banks and will support their integration into the global banking system,” the NBG said.