Forty Seven was supported by the knowledge technologies, finance, economics, selling and game business professionals in 2017.
Forty Seven Bank is innovative monetary technology start-up
aiming to offer top quality, secure and easy banking services for individual and institutional customers, which can be totally recognised by the monetary authorities and compliant with regulative framework.
Forty Seven could be a distinctive project designed to make a contemporary universal bank each for users of cryptocurrencies and adherents of the normal financial system; a bank that may be acknowledged by international monetary organisations; a bank that may correspond to all or any the necessities of regulators.
A team of pros from the worlds of banking, finance, and IT expertly and skill within the creation and licensing of payment systems, and building of electronic monetary establishments can work to understand the goals of the project.
Our bank can become the largest structure that corresponds to all or any the necessities of regulators and therefore the EU Payment Services Directive two (PSD2). we are going to befits apprehend Your client (KYC) and Anti-Money washing (AML) policies so as to protect against agents of the “grey” market.
Forty Seven relies on 3 principles: relevancy, convenience, and security. Our specialists use up-to-date technological developments like blockchain, biometrics, sensible contracts, machine learning and plenty of others. If you're curious about the particular details of our institution and creation of a high-tech bank, please see the subsequent documents
The great team is charged with the responsibility to supply safe, innovative and user friendly monetary services and merchandise to our customers –
individuals, businesses, developers, traders, monetary and governmental establishments.
Our vary of merchandise can unite cryptoworld and ancient finance world and grant
new distinctive opportunities to each of them.
unique options of Forty Seven
Transparency;
Financial stability;
Effectiveness and user firendly procedures;
Security and privacy (data protection);
Innovativeness;
Customer satisfaction;
Market share growth and worldwide expansion;
Profit for all stakeholders
Based on the probabilities of the banking and cryptocurrency industries, we are going to take the simplest of the 2 spheres victimisation innovative and well-tried technologies within the fields of finance, analytics, and information security.
Forty Seven Bank can offer open, versatile and well-documented API covering the bulk of banking services. we are going to launch our own monetary application platform that uses our API. By attracting purchasers and external developers, we have a tendency to conceive to flip it into AN economical scheme with perpetually growing worth.
Application of sensible contracts to automatize monetary processes, thereby enabling America to form deals and provides credits with no risk of fraud. The implementation of machine learning technology can enable the creation of a private manager to foresee all desires of the shopper. A virtual interlocutor can assist within the reallocation of money flows and can offer timely current monetary data.
Biometric technologies ANd blockchain can alter users to open an account distantly and access it via smartphone and ATM while not employing a card. together with cryptologic secret writing, these developments can offer inflated security of private and payment information.
Business merchandise headed towards little and medium-sized enterprises.
Managing AN account via Application Programming Interface (API), creation of economic applications
Receiving payments from a merchandiser in each cryptocurrencies and in paper currency on the company’s account (card, SWIFT) employing a type or API
Mass payouts for marketplaces
Loyalty management for purchasers victimisation massive information
Factoring services supported the operation of machine learning and large information (artificially intelligent algorithms able to predict the chance of reimbursement of credit similarly as timeliness of reimbursement from a company)
Escrow services
Mobile application with identification for multi-currency transactions
Blockchain technologies ar aiming to rework whole monetary and industry. Forty Seven Bank is proud to be a part of these transformations and needs to play key role by developing and delivering leading edge monetary merchandise and solutions to our purchasers. Blockchain ought to serve not solely to the cryptocurrency enthusiasts, all folks and businesses ought to have the benefit of this innovative technology.
The featured product could be a Multi-Asset Account for personal customers with a tied card.
Remote identification and authorisation supported passport and biometric information
Unique combination of payment tools – SWIFT, credit and debit cards, e-wallets, secured cryptocurrency payments
Transactions with any variety of cryptocurrency through the bank’s application and with no have to be compelled to expect current exchanges. Uploading, withdrawal, and conversion by any try is out there
Wide range of services as well as crediting, insuring, invoice presentation, credit/debit card management etc.
Cross-platform access for purchasers to manage accounts opened with any European bank that complies with the PSD2 directive
Convenient and easy UI
Analysis that helps a shopper to form the proper monetary selections via services of a private manager created on the premise of machine learning algorithms
Account Management : Forty Seven Bank purchasers can have plenty of potentialities associated with account management. Having access to simply one application, a client can have access to all or any his accounts in dierent banks at one place it are going to be simple to manage personal finance in such how. Besides that, a shopper goes to possess access to all or any his crypto wallets, investments in ancient monetary assets (stocks, bonds, commodities, etc.) and credit or debit cards. this can be a featured product oered by the bank and it's referred to as a “Multi plus Account”. the merchandise can cut back complexities of victimisation dierent varieties of assets by centralizing all the monetary activities of our personal customers at our single system. it'll be simple to quickly transfer resources from one edict currency to a different, or from edict currency to a digital currency, or contrariwise. Moreover, dealing prices are going to be reduced considerably by doing that at Forty Seven Bank. Our App Platform also will enable purchasers to use many analytical applications which may facilitate in personal finance management.
Invoicing : Forty Seven Bank can support its customers WHO ar oering little merchandise and services as people while not having an organization. Such people may be freelancers, copywriters, developers, translators, handcraft professionals, etc. The bank can offer user friendly and easy invoicing services for such customers. By victimisation the service, a shopper are going to be able to mechanically issue invoices and receive each edict and nonfiat funds to hide them.
Deposits and Loans : The bank can oer deposits and loans in ancient edict currencies like EUR, USD et al., similarly as in non-fiat digital currencies like BTC, ETH et al.. At the instant, there's no establishment within the world that's oering similar merchandise in non-fiat digital assets, whereas we have a tendency to see that there's Brobdingnagian potential in developing and introducing classic banking merchandise for non-fiat digital currencies.
Investments and Brokerage : Individual purchasers can have opportunities to make and manage their investment portfolio by victimisation investment and brokerage services provided by Forty Seven Bank. The bank goes to develop its own exchange additionally to partnering exchanges that would be connected to by victimisation Forty Seven Bank platform via API.
Other Services : The bank also will oer ancient merchandise and services like insurance, payments and transfers, payment history and analysis, money withdrawals at Forty Seven Bank sensible ATMs, similarly as at ATMs of our partnering banks. to boot, Forty Seven Bank can offer sensible support with integrated machine learning technologies to our individual customers — it can facilitate to resolve problems between the bank and its customers in evective means.
FORTY SEVEN I C O DETAILS.
What is Forty Seven Token: this can be a token that offers the proper to require priority place in Forty Seven's loyalty program. Holders of FSBT tokens are going to be entitled to receive annual bonuses within the variety of alternative (FSBL) tokens, counting on the amount of tokens and monetary results of the bank for the previous year. Also, FSBT tokens have sensible applications within the scheme of the Forty Seven bank itself. At the top of the gathering of funds, the tokens are going to be accessible for commerce on crypto-exchange exchanges.
what the token are going to be use for: 2 hundredth of the bank's lucre for the last year are going to be allotted to the loyalty program. the specified variety of FSBL tokens are going to be generated and upon request through an imaginative contract the token holder are going to be able to get the amount of FSBL tokens which will be changed for merchandise and services on the Forty Seven platform.
Abbreviation: FSBT.
Issue circulation: depends on ICO results (max a hundred and one 063 830 FSBT).
Emission control: provided by variety of sensible contracts that act with one another.
Course: fastened, the value of 1 token is zero.0047 ETH.
Accepted crypto-currencies throughout pre-ICO: ETH.
Accepted crypto-currencies throughout ICO: ETH, BTC.
The minimum allow beginning the project is five,000,000 EUR (18,000 ETH).
Start date of pre-ICO # 1: Gregorian calendar month thirty, 2017 (15:00, GMT + 1, London time).
The completion date of pre-ICO # 1: Gregorian calendar month vi, 2017 (23:59, GMT + 1, London time).
Roadmap
Q4 2016
Development of Forty Seven Bank concept, project plan elaboration
Development of Forty Seven Bank concept, project plan elaboration
Q2-Q4 2017
Preparation and start of crowdfunding via Token Generation Event
Preparation and start of crowdfunding via Token Generation Event
Q1 2018
Successful completion of Token Generation Event, FSBT launch on exchanges
Successful completion of Token Generation Event, FSBT launch on exchanges
Q2 2018
Software infrastructure deployment
Q3 2018
Applying for EMI, PI authorisation at FCA, integration with SWIFT system
Q4 2018
Obtaining EMI, PI licenses, authorisation for activity from FCA. Launch of services for FSBT tokens holders
Q1 2019
Submission of documents to obtain banking license
Q4 2019
Obtaining banking license. Start of providing full-scale banking services
How To Participate With Forty Seven Bank
To participate you can follow the following link after it appears please you enter the data according to the command like surname, email and your password (Remember, use the active email)
and do not forget to click in a rectangle to declare that you accept the terms and conditions if it is please click list
BOUNTY PROGRAM
Officia. l Forty Seven bounty program
We announce the launch of the Forty Seven bounty program for all WHO want to affix our community and facilitate USA in making a fully-fledged regulated bank recognized by the international money bodies and meeting all the wants of regulators.
Rules:
- To participate within the bounty campaign, you want to essentially be within the official Forty Seven wire cluster. There, the foremost necessary data concerning the bounty campaign and also the project as a full seems most quickly, and you'll quickly get a solution to the question that interests you.
- The prize fund of the bounty campaign is split into areas wherever every direction (campaign) is given a precise share from the overall fund:
Community-management campaign - 2 hundredth (1% of total range of free tokens)
The campaign of avatars and signatures - twenty fifth (1.25% of the full range of free tokens)
The translation campaign - 15 August 1945 (0.75% of the full range of free tokens)
The campaign of huge media support - 100% (0.5% of the full range of free tokens)
The author's publication campaign - five-hitter (0.25% of the full range of free tokens)
Facebook campaign - 4WD (0.2% of total range of free tokens)
Twitter campaign - 4WD (0.2% of the full range of free tokens)
The wire presence campaign - a pair of (0.1% of the full range of free tokens)
Bug chase campaign - five-hitter (0.25% of the full range of free tokens)
Unique support - 100% (0.5% of the full range of issued tokens)
- The formula for shrewd FSBT tokens for bounty campaign participants is as follows:
Quote
5% of all issued tokens
[multiply by]
n% of the direction of the bounty campaign within which the user participates
[divide by] the
total range of points earned by participants during this direction of the bounty campaign
[multiply by] the
points earned by a particular participant.
Those. within the event that each one the tokens were issued ten,000,000,
the entire bounty campaign accounts for five hundred,000,
and the "Translation Campaign" accounts for seventy five,000.
Let's say that inside the campaign for the transfer, 12,000 points were accumulated within the quantity,
and our specific participant scored a pair of,700 points.
In this situation, every week once the completion of the ICO, he can receive himself at the required ETH purse sixteen,875 FSBT
- Each week, participants, within the kind of points, area unit awarded bounties to the table. Then, at the top of the ICO, the points are regenerate into FSBT tokens. every week once the top of the ICO, the tokens are sent to the participants' wallets.
How to participate:
- Participants select a bounty campaign within which they want to participate and register thereon by filling out a type within the relevant section (see below).
- Once finishing the shape, participants area unit mechanically else to the official table of the bounty campaign Forty Seven. This table is split into tabs by directions. There, within the corresponding tab, the participants are ready to realize their name (nickname for Bitcointalk). within the same table, participants are ready to realize their earned points.
- So as for USA to be told that you simply have completed a task and have attributable your points, you would like to tell USA concerning this - send a report on the work done.
Reports:
- The report, looking on the direction of the bounty campaign, has its own format, that should be ascertained. Formats of reports area unit delineate below, in sections of directions of bounty-campaigns.
- E-mail is chosen because the coverage channel, as a result of fashionable email shoppers enable you to filter messages and make message chains for every individual user. This greatly saves time for process your reports and permits you to quickly update the bounty table with glasses.
- Checking the reports, for the properly performed task, we are going to charge the participants points. the foundations for shrewd points area unit delineate below, in sections of the directions of the bounty campaign.
- The table with glasses are updated weekly on weekday evening, supported the verified reports that you simply sent USA. so as for your activity to be mirrored within the table once the update, the report ought to be sent on Sunday to 23:59 (GMT + 1). just in case you sent a report, however your knowledge didn't seem within the table, you would like to write down to support at support@fortyseven.io .
Forty Seven Bank is a project of gathering people with passion, with the ability to see the potential market in the future and the desire to innovate the traditional financial market to accept the money market. Digital money has brought those ambitious people together and created a great project. In addition, the project has received the support of experts with many years of experience in finance, technology and services and they have accepted to work as consultants for the project.
With the tremendous backing of financial experts and enthusiastic people, along with the services and technology that the project evolves, the Forty Seven Bank project has a huge future awaiting. Get ahead and the scale of the project is not trivial. The Forty Seven Bank project will create an innovation in the financial world that will connect both traditional markets and the cryptocurrency market. At present, there are no projects capable of building foundation, supply and development projects like Forty Seven Bank.
More information please follow some links below :
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