FORTY SEVEN BANK: SAY GOODBYE TO BANKS

WHAT IS BANK FORTY SEVEN?

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 acknowledged by international financial organisations; a bank that will correspond to all the 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 realise the goals of the project. Our bank will become the biggest structure that corresponds to all the requirements of regulators and the EU Payment Services Directive 2 (PSD2). We will comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) policies in order to guard against agents of the “grey” 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. If you are interested in the specific details of our establishment and creation of a hi-tech bank.

VISION OF FORTY SEVEN BANK

Forty Seven Bank is a bridge capable of connecting two financial worlds and establishing efficient communication between them, a communication that will open up possibilities to level up the whole modern financial system.

MISSION OF FORTY SEVEN BANK

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.

VALUES OF FORTY SEVEN BANK

Our range of products will unitecryptoworld and traditional finance world and grant new unique opportunities to both of them.

OUR VALUES ARE:

-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.

" FORTY SEVEN IS PRODUCT FOR EVERYONE "

1.The featured product is a Multi-Asset Account for private customers with a tied card.
2.Remote identification and authorisation based on passport and biometric data
3.Unique combination of payment tools – SWIFT, credit and debit cards, e-wallets, secured cryptocurrency payments
4.Transactions with any type of cryptocurrency through the bank’s application and with no need to wait for current exchanges. Uploading, withdrawal, and conversion by any pair is available
5.Wide range of services including crediting, insuring, invoice presentation, credit/debit card management etc.
6.Cross-platform access for clients to manage accounts opened with any European bank that complies with the PSD2 directive
7.Convenient and user-friendly UI
8.Analysis that helps a client to make the right financial decisions via services of a personal manager created on the basis of machine learning algorithms

FORTY SEVEN IS PROPOWSTIONS FOR BUSINESS

1.Business products oriented towards small and medium-sized enterprises.
2.Managing an account via Application Programming Interface (API), creation of financial applications
3.Receiving payments from a merchant in both cryptocurrencies and in fiat money on the company’s account (card, SWIFT) using a form or API
4.Mass payouts for marketplaces
5.Loyalty management for clients using big data
6.Factoring services based on the operation of machine learning and big data (artificially intelligent algorithms able to predict the probability of repayment of credit as well as timeliness of repayment from a company)
7.Escrow services
8.Mobile application with biometric identification for multi-currency transactions

TOOLS AND SERVICES FOR EXTERNAL DEVELOPERS

1.Opportunity to provide Forty Seven banking services under your own brand (white label)
2.API access that allows the development and implementation of modern financial services based on Forty Seven infrastructure and processes
3.Holding DevDays conferences for independent developers
4.A showcase of financial applications using Forty Seven API

ROYALTY CONTRACT

Copyrighted content owners can benefit from royalty smart contract. Forty Seven Bank will develop this contract and oer royalty collection service. This smart contract will:

-Track ownership rights;
-Register the usages of copyrighted content;
-Calculate royalty;
-Transfer the funds from accounts of content users to account of content owners.

ARCHITECTURE

The architecture of Forty Seven Bank infrastructure will be built using modern best practices and technologies. All our data will be replicated to several geographically distributed data centers across the globe.The data will be backed up on regular basis. All our execution servers will be duplicated for reliabil-ity.

Distributed computing will be used to provide high level of availability of our banking services. We will use load balancer to distribute network traic to our front ends — APIs and web user interfaces.All our systems will be designed to be able to grow up to scale of billions of users.

API FOR PAYMENT INITIATION SERVICE PROVIDERS

This API is designed for use by merchants and other businesses that want to process payments for their customers online, for instance, to purchase goods in online shops. This is separated part of API that provides methods to initiate payments within Forty Seven Bank for specific customer:

Internal transfer of funds from one account to another within Forty Seven Bank;

-Send funds to another bank via SEPA;
-Mass payments that will allow to send to many recipients at once;
-Recurring payments (subscriptions) to collect payments periodically.

EMISSION OF TOKENS

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 yearly 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 in order to access the full range of products and services. After the crowdfunding campaign is finished, FSBT tokens will be available for trade at various cryptocurrency exchanges.

FSBT TOKEN

TEAM

ADVISORS