Forty seven — Connecting Financial world through Blockchain

gankplank (25)in #ico • 7 years ago (edited)

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.

Forty Seven Bank will provide a variety of products and services to the private customers like the smart ATMs, transactions in both Fiat and Non-fiat currencies. Customer Relationship Management has changed the approach to customer service in the past. Similarly, the smart contracts connected to the banking services will lead to a new revolution.

Forty Seven Bank is a company engaged and concerned about the financial sector. Forty Seven Bank has a system that adopts blockchains technology . Blockchain technology itself is a technology that has a very high security system. So the chances for hacked is very minimal. This will greatly safeguard the security of your personal data as a customer.

Products and Services
Forty seven banks prioritize customer satisfaction in their Products and services And the products that will be offered by forty seven banks are:

Products For Private Persons
Products For Business
Products For Developer
Products For Traders

Mission Forty Seven Bank

Forty Seven Bank’s mission and management team is to provide safe, innovative and easy-to-use financial services and products to our customers — individuals, businesses, developers, merchants, financial institutions and governments. Forty Seven Bank is a bridge capable of connecting the two financial worlds and building an efficient communication between the two, a communication that will open the possibility of improving the modern financial system as a whole.

FORTY-SEVEN BANK’S PRODUCTS AND SERVICES FOR BUSINESSES

• Payment Processing and Invoicing
• Forty-Seven App Platform and API Management
• Payment Processing and Invoicing
• White Label Processing
• Financing and Factoring
• Biometric POS terminals
• ICO Services

FORTY-SEVEN BANK’S PRODUCTS AND SERVICES FOR DEVELOPERS
• Forty-Seven App Platform
• Bank as a Service (BaaS)
• Developer Meet-ups
• Consulting Services
• Loyalty Services
• Scoring, KYC and Compliance Services
• Data Analytics and Prediction Models

FORTY-SEVEN BANK’S PRODUCTS AND SERVICES FOR TRADERS
• Access to App Platform
• Account Management
• Access to Forty-Seven Bank Exchange
• Access to Exchanges
• Derivatives
• Analytics
• Smart Support
• Hedging
• Cryptobonds
• Cryptofutures

Going forward for higher security, the system will be developed to identify the use of BIOMETRIC in the form of PIN code on each credit card owned by the customer. The program developers do not stop at just that point, but they will also incorporate fingerprint identification, tone of voice, and verification of personal data. So if the person does not have the original personal data, then the person can not use or access the system. This can avoid unwanted things, like use on something that is negative.

Account Management

Forty Seven Bank clients will have a lot of possibilities related to account management. Having access to just one application, a customer will have access to all his accounts in dierent banks at one place it will be easy to manage personal finance in such a way. Besides that, a client is going to have access to all his crypto wallets, investments in traditional financial assets (stocks, bonds, commodities, etc.) and credit or debit cards. This is a featured product oered by the bank and it is called a “Multi Asset Account”. The product will reduce complexities of using dierent types of assets by centralising all the financial activities of our private customers at our single system. It will be easy to quickly transfer resources from one fiat currency to another, or from fiat currency to a digital currency, or vice versa. Moreover, transaction costs will be reduced substantially by doing that at Forty Seven Bank. Our App Platform will also allow clients to use several analytical applications that might help in personal finance management.

Invoicing : Forty Seven Bank will support its customers who are oering small products and services as individuals without having a company. Such individuals might be freelancers, copywriters, developers, translators, handcraft professionals, etc. The bank will provide user friendly and simple invoicing services for such customers. By using the service, a client will be able to automatically issue invoices and receive both fiat and nonfiat funds to cover them.

The forty seven bank will be issuing the price-stable crypto currencies, having a stable exchange rate to the USD and EUR. This price-stable crypto currencies will allow our customers to buy or sell the products with fiat currencies and also at the speed of cryptocurrencies. Distributed computing is used to provide high level availability to the banking services. Every time the client applies for a new product with a high credit limit, he will receive a risk assessment based on the statistical model. If the customer’s application is above the risk tolerable level, then it will be declined.

Forty-seven Bank is ready to be the bank with ease and simple access. This bank is a bank with modern technologies. Forty-seven Bank is a digital bank that represents an end-to-end platform. Forty-seven Bank services are delivered over the internet. The advantages of the internet banking or mobile banking of Forty-seven Bank is providing more convenient and faster banking services. So, the clients’ satisfaction in services is the priority for Forty-seven Bank. Here, the clients are able to make any transaction without going to the Bank. They are also able to access the bank services anywhere only by using their mobile phone.

The Token Sale.

The abbreviation of the Token: FSBT.
The control over emission: is provided by the system of interconnected smart contracts.
The actual rate of the Token: 1 FSBT = 0.00393 ETH (including current bonus).
The Maximum amount of tokens to be generated: 11 063 829 FSBT (incl. bonus tokens, tokens for bounty and founders).
Softcap: 3 600 ETH.
Hardcap: 36 000 ETH.
Accepted currencies on ICO: ETH, BTC.