Forbis will implement its developed banking information system in Azerbaijan

6 April 2011

On the 18th of March 2011 the Forbis Company and Azerbaijan’s Xalq Bank signed a long-term cooperation agreement regarding implementation of the FORPOST banking information system in this bank. The system will be installed in the bank in two years.

It is the first agreement of Forbis concluded in the Caucasus region. Besides, the agreement with Xalq is the first large project in Azerbaijan carried out by the Lithuanian IT company.

Presently, the bank operates a system banking system developed by a Russian company. Xalq bank management is not quite satisfied with this system’s development so they decided to entirely replace it by FORPOST. The work will be carried out by the Forbis specialists not only in Baku, but also the major part of the work is planned to be carried out remotely using the newest technologies. The support of the banking information system is provided to Forbis customers remotely on the basis of 24/7.

The Forbis Company’s commercial director and senior negotiator Šarūnas Mačiulis stated: “It was a big pleasure to work with such a professional team of Xalq bank. This bank employees are a world class professionals, who are very well educated and experienced in the field of IT and banking solutions. The specialists knew exactly what they wanted, their requirements were very clear and to the point. When choosing a banking system Xalq bank specialists made a special accent not how famous the brand is, but how innovative the solution is, quality of service, experience and willingness to work with professionals of their class. During the tender and in the course of negotiations, we had to compete with such international leaders developing software for banks as Temenos and Flexcube Banking Solutions as well as with the regional leaders from Russia.“

In 2011 the Forbis Company is planning to further go into the Azerbaijan market, as well as to Georgia, Finland and other European countries. Besides, Forbis is creating innovative and attractive banking products, with the help of which the banks already cooperating with Forbis, may offer their clients new services and larger possibilities of financing.

By expanding its export to other countries, the company is creating new workplaces and is constantly looking for the employees in various fields, such as project managers, analysts, and programmers. The Forbis Company also supports young talented people by employing the students, who are in the last years of their studies or who have just graduated from the universities with the Bachelor’s, Master’s or Doctor’s degree. Forbis is oriented to long-term employment relations, all the projects of the company are connected to long-term cooperation with the customers - on average they last 10-15 or more years. Forbis supports the employees’ initiative to grow and enlarge its competencies.

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