How they describe themselves: The increasing demand for easily accessible cash drives banks to expand their cash point networks. However, as the self-service networks grow, it becomes more difficult to supervise – complexity and operating costs rise. FOBISS enables cash supply chain stakeholders such as retail banks, cash in transit companies, independent service operators, and retailers to efficiently manage the entire cash supply chain by ensuring cash availability at the lowest costs.
By harnessing the power of artificial intelligence, FOBISS Intelligent Business Operations technology improves productivity, increases agility, and allows banks to better position themselves to compete in the marketplace.
How they describe their product/innovation: FOBISS CM™ performs the complex cash demand forecasting and optimization tasks using its integrated artificial intelligence algorithms, capable of real-time processing of large amounts of information, evaluation of historical data, relations between them, trends, and projections. It chooses the optimum decisions out of millions of possible combinations – something the standard analytical tools cannot do.
The biggest value of the technology lies in its rich advanced analytic tools such as “what if” scenario modeling based on real-time profitability counting capabilities, which allow decision makers to not only make the best operational and tactical decisions in real time, but also to flexibly and timely adjust to the winning strategies.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
Bus. Dev.: Mindaugas Leonavicius, Bus. Dev. Director, email@example.com
Press: Neringa Murauskiene, Marketing Manager, firstname.lastname@example.org
Sales: Andrius Ojeras, Global Sales Director, email@example.com