Meet The Forty Seven Bank Guys!!

Meet The Forty Seven Bank Guys!!
april 29, 2018

Hello people of the world, come back with me in my blog here! now, i want to introduce about Forty Seven Bank, based in London, United Kingdom.

oke let’s go…

About Forty Seven Bank

Forty Seven was founded by the information technologies, finance, economics, marketing and game industry professionals in 2017, Forty Seven is based in London, United Kingdom.

Vision and Mission of Forty Seven Bank!

The mission of Forty Seven Bank is to provide safe, innovative and user friendly financial services and products to our customers.

Individuals, businesses, developers, traders, financial and governmental institutions. Our range of products will unite cryptoworld and traditional finance world and grant new unique opportunities to both of them.

Values of Forty Seven Bank:

• 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 Bank Products and Services!
• Products for Private Persons
• Maximum security with biometric methode

• Account Management
• Deposits and Loans
• Investment and Brokerage
• Invoicing
• Products For Business
• Payments API Management

• Payment Processing and Invoicing
• Financing and Factoring
• White Label Processing
• Biometric POS Terminal
• ICO Services
• Products For Developers

• Bank as a Service
• App Marketplace
• API Payment
• Card Issuing
• Scoring
• KYC and Compiliance Services
• Forty Seven App Platform
• Loyalty Services
• Developer Meet-ups
• Scoring, KYC and Compliance Services
• Data Analytics and Prediction Models
• Consulting Services
• Product For Traders

• Account Management
• Access to App Platform
• Access to Forty Seven Bank Exchange
• Access to Exchange via API
• Analytics
• Derivatives in FIAT and non-FIAT
• Smart Support
• Hedging
• Cryptobonds
• Cryptofutures

TECHNOLOGY OF FORTY SEVEN BANK

Forty Seven Bank is going to use blockchain, smart contract, API, biometrics and machine learning technologies in internal procedures, products and services.

Blockchain.

Blockchain technologies are going to transform whole financial and banking industry. Forty Seven Bank is proud to be part of these transformations and wants to play key role by developing and delivering cutting edge financial products and solutions to our clients. Blockchain should serve not only to the cryptocurrency enthusiasts, all people and businesses should benefit from this innovative technology.

Cryptocurrency wallets

The bank will provide multi-currency wallet to our clients.

Cryptocurrency gateway

Forty Seven Bank will operate as cryptocurrency gateway , it will convert fiat into 

crypto currency and back to fiat.

Cryptocurrency payment system

For merchants who sell their goods over internet, we will provide secure cryptocurrency payment system.

Emission of Price-stable Cryptocurrencies
Forty Seven Bank will emit price-stable cryptocurrencies that are backed by equal reserves in fiat currencies, such as USD or EUR.
Whitelist and Blacklist
Forty Seven Bank will constantly monitor customer activity to detect and prevent activities of criminal elements for money laundering.
Person and Company Authentication Service
In cryptocurrency world it could be very problematic to assure the identity of counterparty for financial transaction.
Smart Contracts
Forty Seven Bank will o er digital currency instruments such as Cryptobonds and Cryptofutures to our trader clients.

THE SMART CONTRACT

• Automation of Business Processes
• Smart contracts can be used to link business processes with di erent organizations. Such contracts can be used to assure that the partner of some organization has:
• Fulfilled their part of work.
• Signed the required agreement.
• Confirmed the reservation.
• Agreed to pay for some service.
• Business Modeling Tool for Smart Contracts.
• Although Forty Seven Bank will prove standardized smart contracts to our customers, some clients may want to build their own contract with their own terms.
• Escrow Contract

Forty Seven Bank will provide the escrow service as a smart contract. In case of sale deal between customers, this contract will protect both the seller and the buyer. Both customers can work with this contract either via bank user interface or integrate their IT systems directly to escrow smart contract via blockchain. The smart contract defines the following interaction between counterparties:
Escrow Contract Buyer initiates purchase via smart contract
Forty Seven Bank locks the needed funds in buyer’s account; Seller delivers the 

product
Buyer within limited time period inspects the product and accepts or rejects the deal
If deal is accepted then funds are transferred to seller’s account, otherwise they are unlocked in buyer’s account.
Auction Contract
The auction smart contract is like escrow contract, but additionally, it allows the participation of several buyers or sellers. When some party is placing a bet on auction, the bank verifies whether the buyer has su icient fiat funds in his or her account.

Loyalty Card Contract
Forty Seven Bank will o er to businesses the service of loyalty cards management as a smart contract. The businesses can create loyalty cards for their customers using this service. Loyalty cards can be issued by the bank to accumulate buyer rewards when they purchase some products or services from businesses.

Rental Payment Contract
The rental payment contract will be provided to companies and private persons who have income from rent of the property.

Royalty Contract
Copyrighted content owners can benefit from royalty smart contract. Forty Seven Bank will develop this contract and o er 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.
• Contract Arbitration
• If parties cannot agree on the outcome of the contract — for instance, seller argues that he has delivered the goods according to all terms, but buyer argues that product is not received.
• API

Forty Seven Bank will provide comprehensive API to allow businesses and partners to integrate their applications and services with our bank infrastructure.
The Architecture :

• Biometrics
• Biometrics is being used to identify a client by unique characteristics:
• Fingerprint.
• Branching of the vessels of the palm.
• The iris of the eyes.
• The timbre of the voice.
• Facial features
• Machine Learning
• In Forty Seven Bank bank we will use it in various operational and analytics functions, with most prominent examples being:
• Risk Management.
• Marketing.
• Customer Services.
• Fraud Detection.
• Security.
• Product Development.

ROADMAP

TOKEN SALE

• HARDCAP
• The Hardcap will reach 10M EUR
• The main goal :
• UK bank authorization and pasporting to EEA/EU in 2019.
• Payment processing solutions from early 2019.
• To issue loans at amount of around 80M EUR in the first year of operations.
• To attract 65M EUR of deposits from customers by 2022.
• To obtain profitability of >65% in 2020 in terms of Return on Average Equity (ROAE).

ICO ( Initial Coin Offering)

Forty Seven is overing unique benefits to contributors during ICO and future token holders of Forty Seven Bank Token (FSBT). ICO contributors will have wide range of benefits in terms of products and services of Forty Seven Bank, as well as possibilities to multiply the contribution, as tokens will obviously be demanded on secondary market. The more detailed explanation of this is summarized in the document “Token Holders Benefits”.

Tokens will be given in exchange for Ethereum (ETH) and Bitcoin (BTC).

The price of one token is 0.0047 ETH.

Hardcap for ICO is 36000 ETH and soft cap is 3600 ETH.

Total amount of tokens generated will consist of tokens sold during three rounds of ICO, bonus tokens and tokens generated for founders, advisors and bounty campaign.

Duration of ICO Round 1: 16 November — 16 December, 2017
Duration of ICO Round 2/3: to be announced.

The Token is FSBT Token

FSBT is an Ethereum-based token that follows the ERC-208 standard. ERC-20 standard (EIP: 20 from September 11, 2017), the code of which is open sourced at Github9 guarantees that Ethereum-based tokens will operate in crypto token ecosystem in the future in a predictable way. Holders of such tokens completely control their digital assets in Ethereum blockchain without the need to use any other special software.

Bonus Structure :
ICO Round 1: 30% bonus.
ICO Round 2: 20% bonus.
ICO Round 3: 0% bonus but bonus for quantity.
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Thank you for reading my article : i hope this helping you to understand the ICO of Forty Seven Bank :

Maybe just this, the reviews I made in terms of helping and telling everyone to, participate in the ICO or Bounty campaign they run today.

If there is any shortage in this review information, please maff for your inconvenience in reading or searching for Information, but do not worry I have provided a link you can visit, to find out more about the  fortysevenbank project, and surely you will get reliable Information from the team as well as the Founder of the fortysevenbank project.

All information in great detail you can find on the website of the project  There fortysevenbank are also links to all social networks of the project, through which you can receive in detail and in time news and observe the process of development and establishment of the platform.

if this article not much cleared, you can read the whitepaper in link below, and you can join the ICO on their website, the link i put below.

detail information:

WEBSITE | WHITEPAPER | TELEGRAM | BLOG | FACEBOOK | TWITTER
Come on join us on Forty Seven Bank ICO :

author:salsa24

eth wallet:0x6772dD9EADE24C92818b5e871D4F8E86Fb590A0e