Seminar on the FORPOST Banking Information System for commercial banks in Latvia

VILNIUS, October 2005/Forbis Ltd. – On the 13th of October the Forbis Company conducted a one-day seminar in Riga, the topic of which was "FORPOST – new possibilities for retail banking technologies". The aim of the demonstration was to provide an overall review of the BIS FORPOST as well as focus on various aspects of the system functionality.

Representatives of ten Latvian banks participated in the seminar. Among the representatives there were heads of IT departments, members of bank managing boards responsible for the development of banking information technologies, as well as IT specialists. Some of the banks are considering a possibility of replacing the old ABS with a new efficient modern system. In its turn, the Forbis Company offers the FORPOST system, which is an instrument with the effective use of which it is possible to change a point of view on banking technologies, quality of customer services, variety of products and services offered, as well as to gain maximum profit without big investments. The FORPOST system utilises state-of-the-art technologies and proven technological solutions for successful development of banking business. Along with the general system overview separate components such as management of crediting business in BIS, technologies for creation and management of banking products in the system, FORPOST*Internet Banking and various other products were presented, as well as support services provided to the Forbis customers by means of Documentation Manager and Bug Trucking systems.

Demonstration of the system evoked great interest, and vivid discussions took place both during the presentation and after it. It was preliminary agreed with many of the banks to conduct separate presentations on topics of interest directly in those banks.

Today the Forbis Company serves about 75% of the Lithuanian banking IT market and is successfully promoting its system on the banking technology market of Latvia.

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