- Fobi (FOBI) has signed a C$300,000 licensing agreement with a global insurance provider
- The provider will use Fobi’s Wallet Pass platform to issue digital proof of insurance passes in five European countries
- The company will earn revenue from an annual license fee as well as a monthly license fee per Wallet Pass issued
- Fobi AI is a data intelligence company that turns real-time data into actionable insights and personalized customer engagement
- Fobi Shares (FOBI) is down 0.66 per cent, trading at $1.50 per share at 9:50 am EST
Fobi (FOBI) has signed a C$300,000 licensing agreement with a global insurance provider.
The provider will use Fobi’s Wallet Pass platform to issue digital proof of insurance passes for auto and general coverage across five European countries.
Fobi will earn revenue from an annual license fee as well as a monthly license fee per Wallet Pass issued.
The company is now powering three of the top ten global insurance providers with its Passcreator Wallet Pass platform. It plans to expand its insurance presence with a focus on North America, where firms have been slower to adapt to digitization.
“Our focus for 2022 will be to continue to expand and continue to grow our scale with the goal of solidifying our position as the leading Wallet Pass provider for the insurance industry,” stated Rob Anson, Fobi’s CEO.
Fobi AI is a data intelligence company that turns real-time data into actionable insights and personalized customer engagement.