FORTY SEVEN BANK - Innovative Financial Technology Start-Up

Hello All, In this post I will introduce about the Forty Seven Bank project Connecting the Financial World, and for more details let's just go to the following discussion:

Forty Seven Bank is innovative financial technology start-up aiming to provide high quality, secure and user-friendly banking services for individual and institutional consumers, which will be fully recognised by the financial authorities and compliant with regulatory framework.

The bank is going to be specialising in digital finance services by fully supporting cryptocurrencies and traditional fiat currencies. Basic cryptocurrency procedures include sale and purchase features, investment and exchange options and crypto-saving and current accounts. Multi-Asset Account will be one of the featured

innovative products oered by Forty Seven Bank – it will allow customers to have access to all their accounts in dierent banks and crypto wallets as well as to their investments and savings in cryptocurrency and fiat equivalents via single application. It will be possible to operate with each asset type accordingly by having only one Multi-Asset Account at Forty Seven Bank.

We will oer unique crypto products like bonds, futures and options. Our goal is to invent such market- place and take the leading position in both short and long-term perspectives. Companies will be able to

attract finances via product invented by Forty Seven Bank – Cryptobonds. Cryptobonds will be traded on various exchange platforms (mainly at the one developed by Forty Seven Bank).

Mission from Forty Seven Bank

Forty Seven Bank's mission is to create an innovative, flexible and open Application Platform for financial technology developers, which will be able to operate under the roof of Forty Seven Bank, having access to bank infrastructure and customer base. We will allow developers with small or medium capital to create white label applications that will compete with traditional banks. Our Bank of a Service (BaaS) solution will disrupt the EU's financial sector by reducing the barriers to entering the fintech market.

Proposition for business

Our products are aimed at targeting small and medium enterprises. This product will enable quick integration of crypto payments for online and offline usage.

Selection of mechanisms to receive merchant payments. Our clients will be able to start receiving money from crypto, credit, or SWIFT accounts. By using our API, company owners can also transfer it to their company account. The ability to receive cryptocurrency payments from buyers in online stores, on websites, or via mobile apps can be set up using our CMS, SDK or API plugin. The funds transferred will be automatically converted to the bank's internal exchange rate and accredited to the organizational account in the appropriate currency.

Ability to create an app that can manage client accounts and be distributed through the Forty Seven Bank app store. Large business representatives can develop their own financial tools based on solutions offered by Forty Seven Bank. In accordance with the PSD2 command, the open API provides access to private account management mechanisms including automatic payment creation and bulk payments to partners.

Client loyalty management uses machine learning. Comprehensive analysis of large data allows prediction of the client's wants based on their behavior patterns. The creation and implementation of a flexible loyalty program is conducted on the threshold of the rational benefit parameters and the emotional implications of the client.

Service suggestion based on machine learning. Regular collection and data analysis will enable the provision of factoring for our clients. A complex AI algorithm will be able to predict the probability of paying the credit taken by the company manager or the organization's need to receive financial assistance.

Escrow-service. Forty Seven Bank provides escrow services by being an intermediary between buyers and online platforms. We guarantee square quotes.

The FSBT Token will be available for trading on various cryptocurrency exchanges.

Abbreviation: FSBT.

Control over emissions: provided by an interconnected smart contract system.

Actual rate: 1 FSBT = 0.00393 ETH (including current bonus).

Maximum number of tokens to be generated: 11 063 829 FSBT (including token bonus, tokens for tokens and founders).

Softcap: 3 600 ETH.

Hardcap: 36 000 ETH.

Currency received on ICO: ETH, BTC, USD, EUR. ICO: now 31.03.2018.

Token Distribution

Roadmap

For more information:

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