Georgia’s five largest banks are set to overhaul their treasury infrastructure through a new partnership involving Nasdaq Calypso and the National Bank of Georgia. The initiative centers on a shared platform designed to bring more advanced financial market infrastructure to the country’s banking system.
According to the announcement, the project is backed by the National Bank of Georgia and aims to support the sector’s long-term growth with trusted global technology. By using a common platform, the banks are expected to gain access to modernized treasury and financial operations tools while aligning with a broader push for stronger market infrastructure.
Nasdaq said the partnership will help modernize treasury and related functions for major institutions in Georgia. The move signals a significant step in the country’s financial technology development, especially as banks look for more efficient and scalable systems to manage core operations.
The agreement also highlights the growing role of shared financial infrastructure in banking modernization. With central bank support and technology from Nasdaq Calypso, the effort is positioned as a landmark upgrade for Georgia’s banking sector and its future development.
