PartnershipJul 20, 2026, 03:02 AM
Nasdaq Partners with National Bank of Georgia for Treasury Modernization
AI Summary
Nasdaq announced a landmark partnership with the National Bank of Georgia (NBG) to modernize the treasury and financial markets infrastructure across Georgia's banking sector. Five of the country's largest commercial banks will adopt the Nasdaq Calypso platform under a shared, common infrastructure model. This initiative, operating under the Georgian Market Advancement Program (GMAP), aims to raise standards for risk management, regulatory oversight, and operational resilience, aligning with international best practices and supporting Georgia's economic growth.
Key Highlights
- Nasdaq partnered with the National Bank of Georgia (NBG) to modernize the country's treasury and financial markets infrastructure.
- Five of Georgia's largest commercial banks will adopt the Nasdaq Calypso platform.
- The platform will be deployed under a shared, common infrastructure model.
- The initiative is part of the Georgian Market Advancement Program (GMAP).
- Aims to enhance risk management, regulatory oversight, and operational resilience across the banking sector.
- The Nasdaq Calypso platform will cover the full front-to-back trade lifecycle.
- Project management funding is provided by Japan through the Japan–EBRD Cooperation Fund.
Price Impact
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