TBC Financial institution decreases time to marketplace for new choices by 40% whereas lowering integration prices by one-third with Kong

Kong’s API platform streamlines innovation processes to boost aggressive benefit at banking group

02 August 2022, London TBC Financial institution, a number one monetary establishment within the Caucasus and Central Asia Area, has diminished time to marketplace for new and enhanced services by 40% since implementing Kong Enterprise, the cloud native API platform. By eradicating the necessity for a centralised integration layer and scaling again the related sources, Kong’s know-how has not solely streamlined innovation processes on the financial institution however diminished prices by one-third.

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Based in 1992, TBC Financial institution is one among 40 monetary establishments listed on the London Inventory Change with 30% of its traders based mostly within the UK. Over time, TBC’s IT infrastructure and processes had been beginning to develop into more and more complicated and inefficient. All requests for brand new or up to date companies and merchandise – irrespective of how massive or small – needed to be submitted to TBC’s central integrations group, who would course of every particular person request.

With hundreds of items of software program and processes in use throughout the financial institution, bottlenecks had a direct impression on the enterprise, as revolutionary product launches and enhanced service choices could be delayed. Recognising {that a} fashionable period of software program improvement had emerged which may eradicate these ache factors, TBC launched into a digital transformation journey. After an in depth analysis, the financial institution chosen Kong Enterprise based mostly on Kong’s technical capabilities, the platform’s ease of use, and stage of professional help obtainable.

Kong’s cloud native API platform permits organizations to fulfill buyer calls for shortly and produce options to market quicker with API and repair connectivity that scales simply and securely. Constructed for the cloud with microservices in thoughts, it eliminates the complexity of any mixture of outdated and new applied sciences to permit builders to work with APIs throughout architectures – to allow them to construct quicker, higher and extra securely.

Inside simply three months of implementing Kong, TBC had configured and launched a totally operational mortgage API-based product. Mortgage API supplies the financial institution’s cellular and web banking enterprise clients with entry to and management over their loans. Serving 700,000 buyer requests per day, with 24/7 availability, the API has develop into one of many financial institution’s most vital channels with its clients.

TBC Financial institution CTO, Bidzina Matsaberidze says, “Our earlier system was too complicated to make use of for all of the group members. In distinction, Kong is far simpler to make use of, permitting groups to proceed with their innovation plans with out having to depend on a centralised integration course of. By offering our developer groups with this freedom, Kong is accelerating our innovation cycles, growing productiveness and seamlessly bridging legacy programs with fashionable purposes. Our groups can now handle their very own API necessities inside their desired timeframes, making certain that clients have the absolute best expertise and enhancing the financial institution’s aggressive place within the trade.”

“The monetary companies trade is transferring at such a tempo that banks want to have the ability to adapt shortly if they’re to remain one step forward of the competitors,” provides Carl Mattsson, vice chairman of EMEA, Kong. “By eradicating the necessity for centralised integration, TBC has develop into extra agile and higher positioned to launch new and upgraded choices to fulfill ever-changing buyer necessities.”

About Kong Inc.
Kong is the cloud native API platform with the quickest, most adopted API gateway on this planet. Liked and valued by builders, Kong helps startups and Fortune 500 corporations construct with confidence – permitting them to carry options to market quicker with API and repair connectivity that scales simply and securely. Leaders like Nasdaq, PayPal, GE, Samsung, Expedia, GlaxoSmithKine, Ceremony Help, Moderna, Wayfair and Verifone belief Kong to assist them modernize their tech stacks, undertake new applied sciences and meet buyer demand shortly by means of APIs. For extra details about Kong, please go to https://konghq.com or comply with @thekonginc on Twitter.

About TBC Financial institution
A know-how pushed firm, established in 1992 in Georgia, TBC is a number one monetary establishment within the Caucasus and Central Asia area listed on the London Inventory Change. It’s distinguished with its utmost take care of its shoppers, fixed striving for novelty and eternal pursuit for improvement. Aside from TBC Financial institution, TBC Group additionally unites a number of tech-driven corporations, together with neobank House, TBC Uzbekistan and Tnet. TBC is dedicated to adapting the most effective practices and instruments in applied sciences to simplify processes and merchandise. For extra info go to https://www.linkedin.com/firm/tbc-bank/.

Media Contacts:
Lynn Grigsby, Kong, [email protected]
Mark Walker, [email protected]

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