Nasdaq partners with National Bank of Georgia
20 July 2026 Georgia
Image: FREDCassandra/stock.adobe.com
Nasdaq has announced a partnership with the National Bank of Georgia to modernise the treasury and financial markets infrastructure across Georgia's banking sector.
Five of Georgia鈥檚 largest banks 鈥� Bank of Georgia, TBC Bank, Liberty Bank, Terabank, and Basisbank 鈥� will adopt the Nasdaq Calypso platform.
Magnus Haglind, head of capital markets technology at Nasdaq, says: 鈥淏y drawing on Nasdaq鈥檚 experience navigating modernisation programmes at scale, firms gain access to deep institutional knowledge and the ability to evolve without bearing the full cost, risk, or operational complexity of doing it alone.鈥�
The Nasdaq Calypso platform will be utilised as a shared infrastructure model, installed at a centralised location with each of the five participating banks represented as a separate entity within the same instance, with their data fully segregated.
The platform will cover the complete trade lifecycle from front-office deal capture and pricing, through middle-office risk management and compliance, to back-office settlement, accounting, and financial reporting.
Further, the initiative will operate under the Georgian Market Advancement Program and coordinate in collaboration with the Georgian Financial Markets Treasuries' Association (GFMTA).
Natia Turnava, Governor of The National Bank of Georgia, states: 鈥淢odernising Georgia's treasury infrastructure is a strategic priority for the National Bank of Georgia and a critical step in the continued development of our financial system.
鈥淏y bringing the country's five largest commercial banks onto a common, internationally recognised platform, we are raising the standard of risk management, regulatory oversight, and operational resilience across the sector.鈥�
Georgia's commercial banking sector has experienced double-digit expansion over the past five years, with total assets approaching US$38 billion.
According to Nasdaq, as the sector has grown, so too has demand for more sophisticated treasury infrastructure capable of supporting complex securities and derivatives markets, enterprise-grade risk management, and increasingly rigorous regulatory standards.
Lasha Jugeli, executive secretary of the GFMTA, adds: 鈥淏y aligning on a shared infrastructure backed by Nasdaq's global expertise and the National Bank of Georgia's institutional support, and project management funding provided by Japan through the Japan鈥揈BRD Cooperation Fund, our member banks are not only modernising their own operations 鈥� they are collectively raising the standard for treasury management across the sector.鈥�
The five participating banks jointly account for the majority of Georgia's commercial banking sector assets.
Five of Georgia鈥檚 largest banks 鈥� Bank of Georgia, TBC Bank, Liberty Bank, Terabank, and Basisbank 鈥� will adopt the Nasdaq Calypso platform.
Magnus Haglind, head of capital markets technology at Nasdaq, says: 鈥淏y drawing on Nasdaq鈥檚 experience navigating modernisation programmes at scale, firms gain access to deep institutional knowledge and the ability to evolve without bearing the full cost, risk, or operational complexity of doing it alone.鈥�
The Nasdaq Calypso platform will be utilised as a shared infrastructure model, installed at a centralised location with each of the five participating banks represented as a separate entity within the same instance, with their data fully segregated.
The platform will cover the complete trade lifecycle from front-office deal capture and pricing, through middle-office risk management and compliance, to back-office settlement, accounting, and financial reporting.
Further, the initiative will operate under the Georgian Market Advancement Program and coordinate in collaboration with the Georgian Financial Markets Treasuries' Association (GFMTA).
Natia Turnava, Governor of The National Bank of Georgia, states: 鈥淢odernising Georgia's treasury infrastructure is a strategic priority for the National Bank of Georgia and a critical step in the continued development of our financial system.
鈥淏y bringing the country's five largest commercial banks onto a common, internationally recognised platform, we are raising the standard of risk management, regulatory oversight, and operational resilience across the sector.鈥�
Georgia's commercial banking sector has experienced double-digit expansion over the past five years, with total assets approaching US$38 billion.
According to Nasdaq, as the sector has grown, so too has demand for more sophisticated treasury infrastructure capable of supporting complex securities and derivatives markets, enterprise-grade risk management, and increasingly rigorous regulatory standards.
Lasha Jugeli, executive secretary of the GFMTA, adds: 鈥淏y aligning on a shared infrastructure backed by Nasdaq's global expertise and the National Bank of Georgia's institutional support, and project management funding provided by Japan through the Japan鈥揈BRD Cooperation Fund, our member banks are not only modernising their own operations 鈥� they are collectively raising the standard for treasury management across the sector.鈥�
The five participating banks jointly account for the majority of Georgia's commercial banking sector assets.
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