Cryptoworld: The platform that connectes the world of finance

Who are we?

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.

Vission 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.

Bank as a Service

Forty Seven Bank will provide White Label solution for those partners who want to create and market the bank under their own brand, but at the same time using our bank’s infrastructure for all operations.You can build your own web-site or mobile application and integrate it with Forty Seven Bank infrastruc-ture via White Label API. The Bank as Service API will provide following functionality:

-Request personal information, bank accounts and financial transactions;
-Transfer of funds within Forty Seven Bank and to another bank via SEPA;
-Loan management;
-Deposit management.

API for Trading Platforms

This API is designed for full featured trading platforms that will provide the traders with rich user interface that will visualize the trading situation on the market with charts, monitor balance of trader account in real time,open/close trading deals, etc. This API provides the access to bank exchange platform and will provide following methods:

-Request list of customer assets — crypto and fiat currencies and tokens;
-Request balances for customer assets;
-Request traded pairs of assets;
-Request ticker (bid/ask price) for traded pair of asset (can be streamed real time via websocket API);
-Request last trades for traded pair of asset (can be streamed real time via
websocket API);
-Request order book (changes can be streamed real time via websocket API);
-Place / close / cancel trading order;
-Open / close marginal position.

Forty Seven team is generating funds via Initial Coin Oering (ICO) procedure to make our innovative ideas come true

— to build the bridge between cryptocurrency world and traditional monetary system. We will unite the community of digital asset users with more conservative individuals under the roof of Forty Seven Bank.

FORTYSEVEN UNITED is incorporated in London, United Kingdom.

The government of the United Kingdom and regulatory authorities have advanced favourable conditions towards cryptocurrencies and other digital asset initiatives.
London itself is a major financial centre which gives access to significant share of the foreign exchange market out of the world’s total foreign exchange dealings. Having this in mind could draw an assertion that London could provide solid base for cryptocurrency services’ claims and advancement.

Forty Seven team already has had successful experience of developing financial technology products and their full legal registration procedure completion in the UK regulatory framework — FCA.

About Forty Seven Bank

Forty Seven was founded by the information technologies, finance, economics, marketing and game industry professionals in 2017.

Products and Services

Forty Seven Bank is aiming to provide broad traditional and digital financial products and services spectrum for individual clients.

In the past, Customer Relationship Management (CRM) has changed approach to the business and customer service.We believe that smart contracts which are connected to legal and financial banking services will lead to a new technological revolution.

Products for Business

Synergy of smart contracts and blockchain will open new unbeliev-able opportunities. Our team is aiming to break through traditional banking and step into the new banking perspective using the
current innovative exclusive services for future advantage. We are creating not just technological bank, we are creating the bank of the future.

Figure 2 below shows Forty Seven Bank products and services for business clients.

Forty Seven App Platform and API Management

For our business customers, we will oer wide range of financial products and services. All the services will be available via API for management via smart contracts or customer applications. We will allow to create completely autonomous business thanks to full API access to our products and all their functions.

Payment Processing and Invoicing

Forty Seven Bank will provide wide range of payment processing solutions to our business clients. E-commerce clients will have the possibility to easily accept payments on their web-pages,platforms, applications, games, etc.with easy to use and informa-tive merchant cabinet/panel.

They will have opportunity to accept payments in traditional fiat currencies via credit or debit cards(Visa, China UnionPay, MasterCard, Diners) and direct bank trans-fers. Apart from that, entrepreneurs will be able to accept payments in digital currencies with support of the bank which will provide clearing procedures. At the same time, the bank will provide convenient and eective invoicing services.

Having all these services provided by Forty Seven Bank, companies will have the opportunity to substantially decrease costs, increase eective-ness of working procedures related to financial management and get access to wide audience of potential customers.

Financing and Factoring

We would like our business clients to put the main emphasis on running core procedures at their entities that is why Forty Seven Bank will offer factoring solutions that will allow to receive immediate cash for accounts receivables.

The bank will finance, manage and guarantee invoic-es issued by the company via smart contracts.Companies will have wide range of short-term financing options to cover operational activities,as well as possibilities of long-term financing for their development, expansion and growth.Besides that, by integrating machine learning,the bank will help business clients with credit risk profiles of their customers.

White Label Processing

We will provide infrastructure services for finan-cial institutions. Thanks to principal membershipin Visa and MasterCard, we will oer full spectrum of on-line acquiring services and we will give opportunity to our partnering banks and payment processing companies to provide to their clients all types of payment solutions such as SMS, DMS,OCT, P2P, recurrent, moto, reversal, refund and others.

Additionally, we will oer processing of Point-of-Sale (POS) terminals. Apart from that, we will oer card issuing and bin sponsorship servic-es to our partnering financial institutions.

Biometric POS terminals

We will develop POS terminal software, which will give users of our bank a possibility to connect a credit card or a bank account to his/her fingerprint, and pay in the store by apply-ing a thumb to the fingerprint scanner attached to POS terminal.

This technology will increaseectiveness of payment process in the store,and will provide benefits not only for customers,but also for business clients, by lowering the amount of queues and increase the amount of sales.

Why ICO?

In our opinion currently ICO is the best and fastest way to attract financing for interesting projects, especially for those that are community driven with the aim to devel-op important infrastructure elements related to cryptocurrencies. We believe that ICO can boost innovation, as attracting funds via ICO procedure companies do not have to go through traditional bureaucratic procedures. Moreover, as ICO is conducted via smart contracts and block-chain, everything is transparent and project authors get full responsibility for successful realization of the idea.

ICO also gives opportunity for people from dierent countries to contribute their digital assets into projects and teams situated in other countries. In traditional economies there are many restrictions and limitations for individuals to participate in such activities and there are no possibilities for people to contribute relatively low amount of funds into projects with promising non-financial benefits.

Forty Seven Bank provides only non-financial benefits to our contributors and future holders of FSBT tokens. However, over time we believe that thanks to these benefits the value of tokens might increase and early contributors will have possibility to sell them, if they are willing to do so.

ICO Services

Forty Seven Bank is going to provide services for companies that would like to attract financing via ICO. The services will include legal support,escrow arrangements, support in transferring digital currencies into fiat equivalent. We will also develop rating procedures for ICO projects and will provider thorough analysis of interesting projects.

Products for Developers

Products for Traders

Figure 4 below displays Forty Seven Bank products for traders. Wide range of products and services is going to be oered to traders. There will be traditional products, as well as innovative crypto products developed and introduced by Forty Seven Bank.

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.

Architecturerc

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

Bonus structure:

-ICO Round 1: 30% bonus;
-ICO Round 2: 20% bonus;
-https://www.fortyseven.io/ICO Round 3: 0% bonus but bonus for quantity;

Team