Fobi AI Inc., a leader in utilizing artificial intelligence and data intelligence for digital transformation, is pleased to announce that it has signed a two-year license extension with one of the world’s leading insurance providers. Fobi will earn CAD 440,000 under this agreement, which will be realized over a period of 24 months in accordance with International Financial Reporting Standards.
Through the Fobi Wallet Pass platform, insurers can issue digital insurance certificates for various service offerings. This allows drivers to conveniently have their insurance certificate on their mobile phones, enabling easy information exchange with the police when needed.
The insurance client chose Fobi due to the unique features and functionalities of the Wallet Pass platform, its ability to be customized to individual needs, and the high level of customer service. Additionally, the fact that Wallet Pass operates on a dedicated space in the Google Cloud, ensuring GDPR compliance, also played a key role in the selection of Fobi.
The two-year license extension agreement is a testament to Fobi AI’s position as a leading provider of digital wallets. The company now has over 22 clients in the insurance industry, covering more than 40 brands. Fobi continues its expansion into European and American markets, steadily growing its portfolio.
We congratulate Fobi AI on signing this important agreement and wish them continued success in the insurance industry.
FAQ:
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What is the license extension that Fobi AI signed with the insurance provider?
Fobi AI has signed a two-year license extension with one of the world’s leading insurance providers. This agreement will be realized over a period of 24 months. -
How does Fobi AI utilize artificial intelligence and data intelligence in the insurance industry?
Fobi AI utilizes artificial intelligence and data intelligence to enable digital transformation in the insurance industry. It operates as a provider of digital wallets and offers the Wallet Pass platform, which enables insurers to issue digital insurance certificates. -
How does the Fobi Wallet Pass platform work?
The Fobi Wallet Pass platform allows insurers to issue digital insurance certificates for various service offerings. This allows drivers to conveniently have their insurance certificate on their mobile phones, facilitating information exchange with the police when necessary. -
Why did the insurance client choose Fobi AI?
The insurance client chose Fobi AI due to the unique features and functionalities of the Wallet Pass platform, its ability to be customized to individual needs, and the high level of customer service. Additionally, the fact that Wallet Pass operates on a dedicated space in the Google Cloud, ensuring GDPR compliance, played a key role in the selection of Fobi. -
What is Fobi AI’s position in the digital wallet industry?
Fobi AI is a leading provider of digital wallets. The company now has over 22 clients in the insurance industry, covering more than 40 brands. Fobi continues its expansion into European and American markets, expanding its portfolio.
Definitions:
- Fobi AI Inc.: A company specializing in utilizing artificial intelligence and data intelligence for digital transformation.
- Wallet Pass: Fobi AI’s platform that allows insurers to issue digital insurance certificates.
- GDPR: An acronym for General Data Protection Regulation – regulations aimed at protecting privacy and personal data in the European Union.
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The source of the article is from the blog lokale-komercyjne.pl