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Our Company. Our Forbis

Future-proof IT Solutions for Finance Industry

We are all about financial IT solutions that are both reliable and accelerate your growth. We do the hard work so you could focus on things that matter most – making best decisions on customer service without thinking about technologies.

Since 1990, we are advancing technologies to meet the future of finance services together with our clients. Our IT solutions and services offer you a hands-free approach: from complex banking systems to simple payments – we have you covered.

We have been certified as compliant with international ISO 27001 Information security management, ISO 20000 IT service management, and ISO 9001 Quality management standards.

50+ Implementations
20+ Live clients
5 Countries
150+ Integrations
2.530.000 Source code lines

Team

Bringing out  
the best
in each other

As a person, Forbis is a young and ambitious professional. As a company, we are passionate about delivering the best service, sustainable and client orientated solutions.

Our strength lies in the energy of our team that is inspired by our demanding customers. We never cease to innovate and to grow. Pushing the boundaries of finance service industry is not an option, it is a must.




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News

Mar 13, 2024

In June, the Lithuanian consolidated treasury account information system (VIKSVA) that will allow the State Treasury saving up to EUR 2.6 million a year, will celebrate its one-year anniversary. The system has been designed for the Ministry of Finance and implemented by Forbis – the Lithuanian developer of banking systems. The company is now announcing ambitious plans to repeat the success story abroad.

VIKSVA provides state-owned enterprises with the infrastructure to create and manage accounts, make payments, and perform other e-banking services in a single system. By connecting all the institutions, even 480 budgetary, public institutions, and foundations will save money as they will no longer have to pay bank fees for account management, transfers, etc. Among the institutions that will save the most are the National Paying Agency, Social Insurance (SoDra), Customs of the Republic of Lithuania, and State Tax Inspectorate (STI).

According to Miroslav Švabis, CEO of Forbis, the successful implementation of the VIKSVA project gives way to exporting abroad – to Eastern and Southern Europe, Asia, and even Africa.

“Treasury Single Accounts were initiated by the International Monetary Fund, and as a result, some countries have already implemented, and many more are working towards implementing the principle of the unified treasury management. We see the most potential for exporting this GovTech product to countries similar to quickly developing and modern Lithuania”, said M. Švabis.

According to the expert, there are not many players in the market that can independently implement and support projects of a similar scale, which is why Forbis’ export potential is viewed positively.

“It can take 24 months and a lot of experience for a project like VIKSVA to see the light of day. It all starts with a detailed analysis and preparation of technical specifications, then the system is designed and implemented with alongside ensuring versatility. This means that customers expect to get everything from a single source: SEPA and SWIFT payments, a range of fund management products, and e-banking functionality. The fact that we have been able to successfully and independently implement this project is the result of almost 30 years of operation in the FinTech sector,” stated M. Švabis.

M. Švabis has emphasised that single treasury accounts are an essential infrastructure for the management, security, and transparency of public funds, and that it is therefore crucial for the institutions to work with trusted suppliers. Foreign customers need proof of quality – Forbis has ISO 27001, ISO 20000, and ISO 9001 certificates in place.
Forbis presents its success story of the implementation of the Single Treasury Accounts project at international events and to foreign finance ministries. To successfully reach foreign audiences, the company cooperates with Lithuanian embassies abroad. Thus, in the coming years, Forbis hopes to attract investments for business development, establish partnerships with foreign IT system vendors, and expand its activity in other regions of the world.

Jan 09, 2024

Forbis group has officially entered GovTech sector!

In 2023, Forbis was busy developing and implementing Treasury Single Account (LT – VIKSVA) system for the Ministry of Finance of the Republic of Lithuania. The successful recent delivery of the strategically important TSA project for the Ministry of Finance further solidifies Forbis position as a leading core banking and, now treasury management software vendor! We are looking forward to sharing our Lithuanian success story with ministries of finance wordlwide and further develop TSA solutions.

For more information on TSA project organized by the Ministry of Finance of the Republic of Lithuania, please see press-release of the Ministry of Finance of the Republic of Lithuania.

 

Contacts

LONDON, UNITED KINGDOM

Langdale House
11 Marshalsea Road
London
SE1 1EN
United Kingdom
+44(0) 20 7290 5300
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