BankingTBC Group’s SPACE International Partners with Thoughtworks

Thoughtworks will enable Space International to further accelerate and increase its scalability to support the growth in current and future markets
BusinessWire BusinessWireJanuary 3, 20235 min

Space International, the first regional cross-border digital banking platform, partnered with Thoughtworks (NASDAQ: TWKS), a global technology consultancy, on its first project in the Caucasus and Central Asia Regions. In support of Space International’s tech transformation, Thoughtworks will help further strengthen its engineering culture and technical architecture with the introduction of innovative ways of working. The project will help Space Intl. achieve its long-term goals with the ambitious aim of providing extraordinary banking experiences for its customers.

Space Intl. went through an intensive growth stage in the past three years that increased the complexity and further challenged scalability. The ambition of the parent company of Space Intl. – TBC Bank Group PLC- is to expand to additional geographies after its successful launch in Georgia and Uzbekistan, where it reached up to three million registered users in less than three years of operations. Modernization of the tech stack, discovering new ways of working and accessing the best-in-class tools and practices are strategic steps for Space Intl. to accelerate faster and achieve the necessary scale to support its growth and geographic expansion.

“We are excited to embark on this new project to provide enhanced agility into our system with microservices by using cutting-edge tools and modern practices,” said the modernization project lead from Space International – Giorgi Zhorzholiani. “This will enable us to build a more flexible and scalable system that will provide opportunities for our team members to learn and grow as they work with the latest technologies and talent from Thoughtworks Germany, India and other offices.”

After an extensive selection process, Space Intl. chose Thoughtworks, which kicked off the project through multiple collaborative workshops with stakeholders, to discover the broad goals and outcomes. “We chose Thoughtworks because they provide real assessments and practical, implementable recommendations. It is a world-leading consultancy specifically dedicated to the technology industry. Through a collaborative delivery model, we will work together towards our mutual goals, enabling our team at Space International to continue driving modern software delivery and innovation independently. And finally we are very proud to be Thoughtworks’ first partners in Georgia and the region,” said Nika Kurdiani, CEO at Space International.

“There are many powerful reasons to explore modernization including to increase agility to keep pace with customer demands and growth and geographic expansion,” said Frank Pototzki, director of Strategic Business Development, Thoughtworks Germany. “Thoughtworks is excited to partner with Space International as it takes a holistic approach to transforming its architecture, applications and engineering culture to achieve its business goals now and beyond.”

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