TBC Capital, the investment arm of TBC Bank, has selected Bricknode to leverage its cloud-based brokerage software

Bricknode, the Swedish-based SaaS banking platform, today announced that its brokerage software has been chosen by TBC capital, the investment arm of Georgia’s largest bank. TBC Capital will leverage the benefits of a cloud native core brokerage platform to power its suite of investment options.

The agreement covers an initial six-year term. This will boost Bricknode’s monthly recurring revenue by 20% on average, based on current monthly recurring revenue. Georgia’s leading investment bank, TBC Capital, is to implement a digital core brokerage platform. The partnership will ensure access to investment options across global stock exchanges for TBC Capital’s customers.

“We chose Bricknode’s solution as our aim is to provide cutting-edge brokerage services and keep pace with evolving customer needs. In order to achieve this, we need scalable operational infrastructure that integrates easily with our customer journey and existing processes. Bricknode will help us expand our brokerage capabilities while reducing our operational costs,” said Meri Chachanidze, Managing Director at TBC Capital.

Using automation and flexible APIs to help financial companies modernise their investment infrastructure, Bricknode has become an attractive choice for global wealth management firms and high-growth fintech businesses.

“We’re absolutely thrilled to be working alongside TBC Capital to support the digitalisation of their brokerage services. With Bricknode, TBC will be able to configure and deploy investment solutions quickly and adapt these to meet customer expectations. Our platform will help secure TBC’s position as the leading brokerage and advisory firm in Georgia for years to come,” said Stefan Willebrand, Founder and CEO at Bricknode.