Forty Seven Bank will be a fully digital innovative branchless financial institution which complies with all EU directives, Basel III, Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and Bank of England requirements.
The 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.
“We will offer unique crypto products like bonds, futures and options. Our goal is to invent such market- place and take the leading position in both short and long-term perspectives. Companies will be able to attract finances via product invented by Forty Seven Bank – Cryptobonds. Cryptobonds will be traded on various exchange platforms (mainly at the one developed by Forty Seven Bank).
We are going to reduce barriers to entry into European banking sector for developers with small and medium capital. Developers will be able to create their own fintech applications that will operate under the roof of Forty Seven Bank.Token symbol: FSBT (ERC-20 token on Ethereum blockchain).Accepted currencies for participation in ICO: BTC, ETH.”
Co-Founder and CEO
Co-Founder and COO
Co-Founder and CFO
Co-Founder and CMO
Aristoteles Vargas Daza