Forty Seven Bank Mission
Forty Seven Bank is a bridge capable of connecting two financial worlds and establishing effective communication between them, a communication that will open up opportunities to level up the whole modern financial system.
The mission of Forty Seven Bank and Management Team is to provide safe, innovative and user-friendly financial services and products to our customers - individuals, businesses, developers, traders, financial and governmental institutions.
Forty Seven is a unique project built to create a modern universal bank both for users of cryptocurrencies and adherents of the traditional monetary system; a bank that will be recognized by international financial organizations; a bank that will respond to all requirements of regulators.
A team of professionals from the worlds of banking, finance and IT with expertise and experience in the creation and licensing of payment systems, and building of electronic financial institutions will work to realize the goals of the project.
Our bank will be the largest structure that corresponds to all regulatory requirements and EU Payment Services Directive 2 (PSD2). We will comply with AML's policies for the protection of consumers and the "gray" market.
Forty Seven is based on three principles: relevance, convenience, and security. Our specialists use up-to-date technological developments such as blockchain, biometrics, smart contracts, machine learning and many others.
Innovative products for everyone.
The featured product is a Multi-Asset Account for private customers with a tied card.
- Remote identification and authorization based on passport and biometric data.
- Unique combination of payment tools - SWIFT, credit and debit cards, e-wallets, secured cryptocurrency payments.
- Transactions with any type of cryptocurrency via the bank's application and without waiting for current exchanges. Uploading, withdrawal, and conversion by any pair is available.
- Wide range of services including crediting, insurance, invoice presentation, credit / debit card management etc.
- Cross-platform access for clients to manage accounts opened with any European bank that complies with the PSD2 directive.
- Convenient and user-friendly UI.
- Analysis that helps a client make the right financial decisions through the services of a personal leader created on the basis of hardware algorithms.
Propositions for business.
Business products oriented to small and medium-sized enterprises.
- Managing an account via Application Programming Interface (API), creation of financial applications.
- Receiving payments from a merchant in both cryptocurrencies and in fiat money on the company's account (card, SWIFT) using a form or API.
- Mass payouts for marketplaces.
- Loyalty management for clients using big data.
- Factoring services based on the operation of machine education and large data (artificially intelligent algorithms capable of predicting the probability of repayment of credit as well as timeliness or repayment from a company).
- Escrow services.
- Mobile application with biometric identification for multi-currency transactions.
Pre-ICO # 1 start date: October 30, 2017 (15:00 GMT + 0, London time).
Pre-ICO # 1 end date: November 13, 2017 (23:59, GMT + 0, London time). ICO start date: Q1 2018.
ICO end date: Q1 2018.
Emission drawing: based on the ICO results (max. 101 063 830 FSBT).
Control over emission: is provided by the system of interconnected smart contracts.
Rate: Fixed, value of one token - 0.0047 ETH.
Accepted cryptocurrencies on pre-ICO: ETH.
Accepted cryptocurrencies on ICO: ETH, BTC.
Minimum budget to start the project: EUR 5,000,000 (18,000 ETH).
What is a Forty Seven Token: It's a token that represents a part in Forty Seven Bank's infrastructure and grants the wielder a priority place in the bank's loyalty program. Holders of FSBT tokens have the right to receive annual bonuses in the form of FSBL - Forty Seven Bank Loyalty Tokens. Besides that, FSBT tokens are a crucial economic part of Forty Seven Bank's ecosystem - they will be needed to access the full range of products and services. After the crowdfunding campaign is complete, FSBT tokens will be available for trading at various cryptocurrency exchanges.
What is a token used for: 20% of the bank's annual net profit will be invested into the loyalty program. Using smart contracts, each FSBT token holder will be able to receive their FSBL tokens based on the amount owned and afterward, exchanging the FSBT tokens for different goods offered by the loyalty program (electronics, household items, airplane tickets, banking services, etc. ). All FSBT token holders will receive the right to participate in Forty Seven Bank's annual crypto community development program and decide which projects will be supported by the bank and its shareholders.
For more information visit this site:
white paper: https://www.facebook.com/FortySevenBank/
Author Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1017720
ETH Address: 0x14DC29488c379Fa0f1f0D9E4B581025797F02c04