FOBISS Selected to Present Cash Supply Chain Management solution at FinovateEurope 2015

EINDHOVEN, Netherlands - Nov. 27, 2014 - PRLog -- FOBISS BV, a leading intelligent business operations platform provider in the retail banking industry, will showcase FOBISS CM™ and debut its latest features at FinovateEurope 2015. This solution will help central and retail banks, cash-in-transit companies and operators efficiently manage their cash supply chain networks, thereby increasing profitability and improving customer experience.

FOBISS CM™ platform integrates artificial-intelligence powered data analytics together with real-time decision making technologies, thus enabling cash managers to make the best decisions at a particular moment. This technology is designed to analyze streaming real-time data from the cash supply chain infrastructure. Self-learning artificial intelligence algorithms forecast the cash demand then calculate all the possible combinations and provide the system user with the most optimal decision according to the selected constraints.

“This innovative technology, which has its roots in industrial robotics, has proved to be extremely efficient cash supply chain management method. By using our tool, cash managers are able to simulate various scenarios in the virtual business environment, react to unexpected events, measure network profitability and adjust strategies right away for the desired results,” said Andrius Ojeras, Global Sales Director and one of the company founders.

The Finovate event is a highly anticipated showcase of innovative financial technology solutions from leading companies and new startups. Each company was selected through Finovate’s competitive application process to present and will be given seven minutes to showcase their innovation on stage. “It is a unique honor to be selected by Finovate, where so many of the most exciting innovations in the FinTech vertical are introduced,” said Andrius Ojeras.

"FOBISS has developed an automated analytics and decision making engine for cash supply chain management that we're very excited to see being unveiled on the FinovateEurope stage" said Eric Mattson, CEO of Finovate. "The technologies that automate decision-making and business processes are changing the way people do their jobs, therefore we look forward to seeing the impact FOBISS' technology will have on the Fintech community."

About FinovateEurope

FinovateEurope is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in London, the event offers an insight-packed glimpse of the future of finance via a fast-paced, intimate, and unique format. FinovateEurope is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit finovate.com.

About FOBISS

FOBISS provides niche IT products in supply chain management for the retail banking, postal, retail industries. The founders of FOBISS are all renowned experienced industry specialists who have developed and implemented global IT solutions. In the current volatile market conditions, FOBISS addresses the increasing demand for real-time / near real-time data analysis solutions using the very latest artificial intelligence technology. For more information about the company, please visit fobiss.com (http://www.fobiss.com/).

FOBISS BV Headquarters

Beukenlaan 60

5651 CD Eindhoven

Netherlands

W:  www.fobiss.com