Business

Korea Airport Corporation Hired Altibase for Data Management Platform

Published

6 years ago

August 11, 2019

Open-source relational database, Altibase has announced that the Korea Airports Corporation (KAC) has hired Altibase for its big data platform solution. The big data platform of KAC is harnessing various IoT technologies. KAC is responsible for construction, management, and operation of airports. And it also manages and controls airport traffic. It manages a total of 14 airports in Korea.

Korea Airports Corporation has been searching for some data management companies to manage their big data platforms. In addition, KAC was also looking to utilize cutting edge IoT technologies to improve the efficiency of examining the data such as passenger and airport flow. KAC alone was unable to meet these requirements and it thus hired Altibase to outsource its big data platform.

KAC carried a number of BMTs and selected Atibase to fulfill the requirements. Altibase has 19 years of experience in the field of MES and in storage analysis of data and the company will utilize its specialties for KAC. Altibase’s in-memory capabilities provide high output and low latency that finally result in high processing performance of big data.

KAC will now be able to collect and analyze its big data such as flight status and passenger flow in real-time. Altibase’s services will anticipate airport congestion, improve passenger convenience and operate airport resources. KAC is now also cooperating with mobile service providers to provide the shortest routes to passengers from their homes to the airports to avoid traffic.

Altibase is an enterprise-grade database which is supporting and managing DBMS for more than 600 enterprises including 500 multinational companies. Its major clients include Samsung, HP, Hyundai, China Mobile, China Telecom, and China Unicom. Now KAC is also added in its client 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.