Banks to be recognized by international financial organizations

Februari 23, 2018

Banks to be recognized by international financial organizations

WHAT IS FORTY BANK SEVEN?

Forty-seven is a unique project built to create a modern universal bank for both crypto users and followers of the traditional monetary system; banks to be recognized by international financial organizations; a bank that will comply with all regulatory requirements. A team of professionals from the banking, finance, and IT worlds with expertise and experience in creating and licensing payment systems, and the development of electronic financial institutions will work to realize the project objectives. Our bank will be the largest structure that complies with all regulatory requirements and EU Payment Service Directive 2 (PSD2). We will comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) policies in order not to fight the "gray" market agent. Forty-seven are based on three principles: relevance, comfort, and security. Our specialists use the latest technological developments such as blockchain, biometrics, smart contracting, machine learning and many others. If you are interested in the specific details of the establishment and creation of our hi-tech bank.

Why is biometric security better for customers?

This technology ensures easier and more secure access to your bank account. This means, thanks to biometric identification, you will have fewer keywords to remember, easier service and your money will be safer.

Of course, biometric identification can not only be applied to ATMs. You can apply it to smartphone apps (both on Android and iOS). That way, using the same technology, even if the client forgets the card they will be able to use the ATM and make in-store purchases.

What are the advantages of the system offered by Forty Seven Bank?

Excellence System offered by Forty Seven Bank, among others:

You do not need to often hear passwords
If you forget to change your credit or credit card is lost, you can still withdraw money on the ATM machine. You can use your fingerprint and personal data to make a cash withdrawal.
If your card's PIN code is lost or stolen, you need not worry. Because the scanner on the ATM machine will match the user data. If there is no match up to three times then the ATM machine will not allow to make transactions.
It's supported with mobile and internet banking .
The customer data will immediately connect to the database with personal data.

The five points above show the security system built by Forty Seven Bank using the latest technology. It is not possible this technology will be a breakthrough in the world perbankkan. For that, from now you do not have to worry anymore when making transactions if you are already a part of Forty Seven Bank.

Tested and Verified Systems

At this time the team of developers are still continuing to test in London, as it is on the official web of Forty Seven Bank. And they will also build two branches in London. QSA, In October 2017, the development team still concentrated on data analysis of security and cyber security and applications for startup to be integrated with ATM machines. At the same time management is full of token launches. In December next token release will also be implemented soon.

TEN SEVEN MISSIONS

Forty Seven Bank's mission and management team is to provide safe, innovative and user-friendly financial services and products to our customers, individuals, businesses, developers, merchants, financial institutions and government. Forty Seven Bank is a bridge capable of connecting two financial worlds and building efficient communication between the two, a communication that will open the possibility to improve the modern financial system as a whole.

FORTY SEVEN VISION

Forty-seven believe that once the PSD2 directive comes into effect in early 2018, the future of the EU financial sector will change significantly. Forty-seven World Bank systems will be developed in accordance with the upcoming regulatory framework from an early stage, which will provide forty-four competitive advantages in terms of time and cost. This is a very useful aspect before traditional banks are implementing the reorganization procedure to meet the new standards.

Most of the market share of the financial sector will turn to financial technology that will be able to produce and provide unique products and services along with customers and support high-quality technology. We go ahead to take the lead position among these newbies and become one of the pioneers in the changing world of finance.

TEN SEVEN TOKENS

What is Token Forty Seven:
This is a sign that is part of Forty Seven Bank infrastructure and gives shareholders the opportunity to be a priority place in the bank loyalty program. The FSBT token holder is entitled to receive an annual bonus of FSBL - Forty Seven Bank loyalty token. In addition, FSBT tokens are an important economic part of the Forty Seven Bank ecosystem - they will be needed to access various products and services. After the crowdfunding campaign is complete, the FSBT token will be available for trading on various cryptocurrency exchanges.

What tokens are used for:
20% of the bank's annual net income will be invested into loyalty programs. By using smart contracts, each FSBT token holder will be able to receive their FSBL tokens based on the amount owned and subsequently, exchange FSBT tokens for different goods offered by loyalty programs (electronic goods, household goods, airline tickets, banking services, insurance , etc). All FSBT token holders will receive the right to participate in the Forty Seven Bank community crypto development program and decide which projects will be supported by the bank and its shareholders.

Abbreviation: FSBT.
Control over emissions: provided by an interconnected smart contract system.
Rate: Fixed, the value of one token is 0.0047 ETH.
Maximum number of tokens to be generated: 55 319 149 FSBT (including token bonus, tokens for tokens and founders).
Minimum budget to start the project: 18 000 ETH (5M EUR).
Hardcap: 180 000 ETH (50M EUR) .Cryptocurrencies received on ICO: ETH, BTC.
ICO round 1: 16 November - 16 December 2017.
ICO round 2, 3: Q1 2018 (TBD)