Forty Seven Bank

Unique Platform For Cryptocurrency User

FORTY SEVEN BANK is an innovative, flexible and open platform for financial technology developers to the individuals who are able to access the bank infrastructure and customer base. It provides a high quality, secure and user friendly banking services for individuals and institutional customers which are fully recognized by the financial authorities and compliant with the regulatory framework.
Our bank is going to be specialising in digital finance services by fully supporting cryptocurrencies and traditional fiat currencies. Basic cryptocurrency procedures include sale and purchase features, investment and exchange options and crypto-saving and current accounts. Multi-Asset Account will be one of the featured innovative products oered by Forty Seven Bank – it will allow customers to have access to all their accounts in dierent banks and crypto wallets as well as to their investments and savings in cryptocurrency and fiat equivalents via single application. It will be possible to operate with each asset type accordingly by having only one Multi-Asset Account at Forty Seven Bank.
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.

Mission of Forty Seven Bank

Fortyseven bank is going to introduce PSD2 function by which users can operate all of their different bank accounts with only one account of fortyseven bank which is working on PSD2 app. By the help of this, online shopping, online transfer to any bank and to anyone will be easier than before. PSD2 till now has the better security system and trusted system for buying and selling online.
Forty Seven Banks also provide a secure, innovative platform, and meet customer needs - Individuals, businesses, developers, traders, financial institutions, and governments
OUR VALUES ARE:

1. Transparency;
2. Financial stability;
3. Effectiveness and user friendly procedures;
4. Security and privacy (data protection);
5. Innovativeness;
6. Customer satisfaction;
7. Market share growth and worldwide expansion;
8. Profit for all stakeholders

THE INNOVATIVE PRODUCTS
The featured product is a Multi-Asset Account for private customers with a tied card.

1. Remote identification and authorization based on passport and biometric data
2. Unique combination of payment tools — SWIFT, credit and debit cards, e-wallets, secured cryptocurrency payments
3. 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
4. Wide range of services including crediting, insuring, invoice presentation, credit/debit card management etc.
5. Cross-platform access for clients to manage accounts opened with any European bank that complies with the PSD2 directive
6. Convenient and user-friendly UI
7. 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

Reaching hardcap of our ICO procedure gives us an opportunity to start the bank oering wider range of products.
In addition to products and services that will be oered if we raise lower amount of capital, the bank will
also provide investment and brokerage services as well as payment processing solutions. As a result of
bigger amount of capital, the bank will not only oer better variety of products at its launch date, but will
also be able to oer additional products earlier than it is possible under the first milestone. For example, Forty Seven App Platform will be already available in full capacity by 2020. Moreover, the bank is planning to make its first investment into Smart ATMs and Biometric POS terminals also already in 2020.
Initial Coin Offering
Forty Seven is offering 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.
ICO round 1: 15 Nov, 2017 - 15 Dec 2017 30%
ICO round 2: 16 Dec, 2017 - 28 Feb, 2018 20%
ICO round 3: 1 Mar, 2018 - 31 Mar, 2018 Only bonus for quantity
Tokens for sale 11,063,830
Forty seven bank platform is will developed technologically with blockchain technology, biometrics, smart contracts and sophisticated machines to as to enable perfect financial security and faster transactions . Forty seven started since October 2016 to lay their plans of expanding the notion of a modern bank that which will work together with cryptographic currencies and also fiat money

Roadmap

Forty Seven Bank Team

Reach Forty Seven Bank on

· Website : https://www.fortyseven.io/
· Whitepaper : https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view
· Telegram : https://t.me/thefortyseven
· Twitter : https://twitter.com/47foundation
· FaceBook : https://www.facebook.com/FortySevenBank/
· Bitcointalk ANN : https://bitcointalk.org/index.php?topic=2225492

Author by

Bitcointalk Username: Kartika1
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1964049
ETH Address: 0x941C6ca63C1855a2c4B5aAC13B4729fF816f5fDb