Forbis and Quadrant

VILNIUS, November 2005/Forbis Ltd. – The Forbis Company has signed a Licence Agreement and a Distributor Agreement with Quadrant Risk Management International Limited ("Quadrant") to the subject of Quadrant’s solution promotion on the basis of Basel II requirements to be integrated with the Banking Information System FORPOST and to be implemented in the existing and potential banks-clients of the Forbis Company.

The objective of this program is to integrate the Basel II Solution from Quadrant, which is tested and proven for performance, functionality, configurability, ease of integration and scalability, with FORPOST – a leading Core Banking solution from Forbis, thereby offering an enhanced Basel II Solution to the end customers and establishing Risk Management Best Practices within the Complete Banking solution.

Quadrant is a long established specialist banking risk management consultancy, owned and staffed by senior banking executives. For fourteen years Quadrant has helped banks in more than 20 countries on four continents to create best practice strategy and corporate governance architectures and control processes. Quadrant is about hands-on, practical solutions to the eternal conflicts between risk creation and risk containment in financial services.

Forbis is a developer of complex banking software. Banking Information System FORPOST, offered by the company, is a complete solution for all modern banking activities. The company offers state-of-the-art technologies the whole range of banking requirements. The system is fully integrated with external applications and can be easily integrated with software made by other manufacturers.

By co-operating with Quadrant for the promotion of its Basel II Solution on Forbis’ activities and markets, the Forbis Company hopes for mutual success.

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