Business

Altibase has Signed a Contract with MobiCom to Provide its Database Solutions

Published

6 years ago

April 10, 2020

Altibase has signed a contract with MobiCom in order to provide its database solutions to the Mongolian telecommunications giant. The contract was signed in the March month of 2020 with MobiCom in order to adopt Altibase’s 7.0 version for its mobile platform for storing the infrequently used data.

Altibase has made its name for providing excellent database solutions to everyone. MobiCom has chosen the Altibase for it avoids the need to purchase separate caching solutions. Altibase offers high performance, an in-memory database that simply eliminates the common issues associated with commercial caching solutions.

MobiCom is a Mongolia based telecommunications giant and it got established as the first mobile operator in Mongolia in the year 1996. The largest telecommunications company has a 33% share in the Mongolian mobile service market and it is also involved in various other businesses such as international calls, the internet, and satellite communications.

Altibase has been providing database solutions to different clients since the year 1999. It is noted for its in-memory database capabilities to provide extremely high throughput with low latency. In the year 2005, Altibase introduced its hybrid database in order to combine an in-memory database with a disk-resident database into a single unified engine. And by doing so, it has eliminated the need to purchase the two disparate databases separately.

Altibase, the enterprise grade open source DBMS has been receiving a lot of positive responses in the telecommunication sector and it has got many clients due to its cost-effective and high-performance database solutions. Just like MobiCom, it has got China Mobile, China Telecom, China Unicom, KT, SKT, and LG Uplus on its customers’ list.

Business

Black Banx Group — Third Quarter 2025 Results

Published

2 days ago

November 3, 2025

Matthew Wiles

FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

Revenue: USD 4.3 billion
Profit before tax (PBT): USD 1.6 billion
Cost-to-income ratio: ≈ 62%
Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact:

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.