Forty Seven Bank

a modern universal bank that prioritizes relevance, convenience, and security.

Forty Seven Bank is a unique project to create a modern universal bank for crypto currency users, as well as adherents to the traditional monetary system, a bank recognized by international financial institutions and in compliance with all regulatory requirements. Professional teams from the banking, finance and IT industries with experience in creating and licensing payment systems and electronic financial institutions will achieve that goal. The main product is a multi-currency account for a private client with an accompanying card.

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 to prevent agents from "gray" markets.

Forty-seven is 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 establishment and creation of our hi-tech bank, please see the following documents:

Mission Forty Seven Bank

team is to provide

safe, innovative and user friendly financial services and products to our customers -

individuals, businesses, developers, merchants, financial institutions and governments.
Our products will unite the world of traditional cryptography and finance and grants

Unique new opportunities for both of them. Our value

Transparency;
Financial stability;
Effectiveness and firendly procedure of user;
Security and privacy (data protection);
Innovation;
Customer satisfaction;
Growing market share and worldwide expansion;
Benefits for all stakeholders.

Features and Technology

Based on the possibility of banking industry and cryptography, we will utilize both fields by using innovative technology and proven in finance, analysis and data security.

Forty Seven Bank will provide an open, flexible and well-documented API that includes most banking services. We will launch our own financial app platform that uses our API. By attracting external clients and developers, we plan to turn it into an efficient ecosystem with increasing value.

Carry out smart contracts to automate the financial process, allowing us to make deals and credit without risk of fraud. Implementation of machine learning technology will enable the creation of a personal manager to forecast all client desires. A virtual chat buddy will help in reallocating cash flow and will provide up-to-date financial information.

Biometric and blockchain technology will allow users to open accounts remotely and access them via smart phones and ATMs without using cards. In combination with cryptographic encryption, this development will enhance data security and personal payments.

ICO service

Forty-seven Banks will provide services to companies wishing to withdraw funds through ICO. This service will include legal support, escrow settings, support in transferring digital currency into fiat equivalents. We will also develop assessment procedures for ICO projects and will provide a thorough analysis of interesting projects.

Proposition for business

Business products are oriented towards small and medium enterprises.

Manage accounts through the Application Programming Interface (API), creating financial applications.
Receive payments from merchants in both crypto and money in fiat accounts (cards, SWIFT) using form or API.
Bulk payments for the market.
Loyalty management for clients uses large data.
Factoring services based on machine learning and large data (artificial intelligent algorithms able to predict probability of loan repayment and timely repayment of the company)
Escrow service
A mobile app with biometric identification for multi-currency transactions.

Blockchain Technology

Blockchain technology will transform the entire financial industry and banking. Forty Seven Bank is proud to be part of our transformation and wants to play a key role by developing and delivering cutting edge financial products and solutions to our clients. Blockchain should not only serve cryptocurrency fans, everyone and businesses should benefit from this innovative technology.

Innovative products

The flagship product is a Multi-Asset Account for a private customer with a bound card.

Remote identification and authorization based on passport and biometric data.
A unique combination of payment tools - SWIFT cards, credit and debit cards, e-wallet, secure crypto payments.
Transactions with the type of cryptocurrency through the bank application and without the need to wait for the current exchange. Coupon upload, withdrawal, and conversion available.
Various services include crediting, insuring, invoice presentation, credit / debit card management etc.
Cross platform access for clients to manage accounts opened with European banks in accordance with PSD2 orders.
UI is convenient and user-friendly.
An analysis that helps the client make the right financial decisions through a personal manager service created based on the machine learning algorithm.