back Back

Apex Bank partners with Profinch to launch innovative banking services in Uzbekistan

By Gloria Mathias

June 11, 2024

  • Apex Bank
  • Apex Group
  • Banking Products

Profinch, Apex Bank, Apex Group, Fintech News, Banking solutions, Banking Technology, banking products, BankTech news, Uzbekistan News, Fintech APAC, Apex Bank has announced its partnership with Profinch, a provider of banking technology solutions and consulting services, to launch a wide range of innovative banking products and services in Uzbekistan.

Apex Bank, part of the Apex Group of Companies, will soon announce its commercial launch, marking a significant milestone in Uzbekistan’s banking landscape. Backed by Apex Group’s reputation, Apex Bank aims to redefine banking standards in the region by offering comprehensive retail and corporate banking services.

Profinch has recently implemented a range of solutions, including:

  • FLEXCUBE v14.6 Universal Core Banking System
  • Oracle Banking Trade Finance
  • Oracle Banking and Treasury Management
  • Oracle Banking Payments (Serving both Domestic & International Swift Payments)
  • Oracle Banking Branch,
  • OBDx Corporate (Mobile & Internet)

Furthermore, Profinch has facilitated the development & integration of a complete localization package to ensure full compliance with the local regulatory standards set by the Uzbekistan Central Bank.

Bakhrom Numonov, Chairman of the Board of Apex Bank, stated, “We have been elated by this partnership with Profinch; the team has been very professional and diligent in their efforts to ensure a smooth and timely go-live. With Profinch’s expertise and our commitment to excellence, we are confident in establishing Apex Bank as an innovative and credible financial institution in the country”.

Commenting on this achievement, Amrit Biswas, Sr. VP and Global Business Head, Profinch, shared, “We are proud to support Apex Bank in its mission to revolutionize the banking sector in Uzbekistan. This partnership underscores Profinch’s commitment to delivering world-class banking solutions and consulting services tailored to the unique needs of our clients across the globe. We wish Apex Bank all the very best and are looking forward to supporting them in achieving their long-term strategic objectives.”

Having launched the first live site for Profinch in Uzbekistan and many more to follow in the future, Apex Bank marks the beginning of a long-term collaboration between the two organizations.

Previous Article

June 11, 2024

Visa appoints Sujai Raina as Country Manager to oversee India operations

Read More
Next Article

June 11, 2024

Eurobank Cyprus upgrades its core banking system with Temenos

Read More

IBSi Daily News Analysis


June 20, 2024

Apex Bank

Why predictive AI is a critical necessity in the field of cybersecurity

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


4 Open Banking platforms shaping the future of financial data in the US

Read More


Natwest snaps up Sainsbury’s banking business in £2.5b deal

Read More


Mbanq joins IG Tech Cambodia to expand BankTech & BaaS solution in SEA

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023