FORTY SEVEN BANK

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

Our bank will be the largest structure that complies with all regulatory requirements and the EU Payment Services Directive 2 (PSD2). We will follow the rules of "Know Your Customer" (KYC) and "Money Laundering" (AML) to prevent the emergence of agents from the "gray" markets.

Forty-seven is based on three principles: relevance, comfort and security. Our specialists use the latest technological developments, such as blockchain, biometrics, intellectual contracts, machine learning and many others. If you are interested in creating and creating our high-tech bank, please read the following documents:

Forty-seven people were founded by specialists in the field of information technology, finance, economics, marketing and the gaming industry in 2017.

Forty Seven Bank - an innovative financial start-up

aimed at providing high-quality, safe and convenient banking services for individual and institutional consumers, which will be fully recognized by the financial authorities and will comply with the regulatory framework.

The bank will specialize in digital financial services, fully supporting cryptothermines and traditional exchange rates. Basic encryption procedures include sales and purchase functions, investment and exchange options, crypto-savings and current accounts. Multi-Asset Account will be one of the recognized innovative products offered by Forty Seven Bank - this will allow customers to have access to all of their accounts in a wide variety of banks and cryptcollars, as well as their investments and savings in riot deposits and share equivalents through a single application. Thus, with each type of assets it will be possible to work with only one Multi-Asset account in the bank forty-seven.

Forty-seven people are going to develop a system compatible with PSD2

with an integrated block key, intellectual contract, API, biometric

and technology of machine learning. Forty Seven will use unique cryptographic products, such as bonds, futures and options. The forty-seventh goal is to invent such a market position and take a leading position both in the short and long term. Companies will be able to raise finance through the product invented by Forty Seven Bank - Cryptobonds. Cryptobonds will be sold at various exchange sites (mainly on the Forty Seven platform).

Mission of the Forty-Seventh Bank

The mission of Forty Seven Bank and the management team is to provide safe, innovative and user-friendly financial services and products for forty-seven customers - individuals, businesses, developers, traders, financial and government institutions. Forty Seven Bank is a bridge that can unite the two financial worlds and establish effective communication between them, communication that will open up opportunities for aligning the entire modern financial system.

After full identification of the potential client and further registration in the operational database will be completed, the client can access the following services provided by Forty Seven Bank:

IBAN, access to secure encryption wallets and tokens, credit and debit cards, personal insurance and travel insurance, loans, access to the Forty Seven application platform with a wide range of applications,

invoicing, investment and brokerage services, etc.

Due to new banking rules and the decentralization of services that optimize the communication between the parties to the transaction, the PSD2 directive imposes significant operational changes

and creates a single digital market in Europe, where consumers can continue their financial management

from a platform that integrates previous individual services. Forty-seven banks in this case exceed

on the fact of servicing of digital crypto-transactions and support of processing. Forty Seven Bank customers will have the opportunity to analyze and manage all financial transactions in fixed and non-financial currencies using the flexible analytic functions of Forty Seven's smart software. For technically advanced customers, it will be possible to manage a bank account through the API.

Manage your account

The clients of forty-seven banks will have many opportunities related to the management of accounts. Having access to only one application, the client will have access to all of his accounts in different banks in one place - thus it will be easy to manage personal finances. In addition, the client will have access to all of his cryptographic purses, investments in traditional financial assets (stocks, bonds, commodities, etc.). And a loan or debit

cards. This is a recognized product provided by the bank, and it is called "Multi-Asset Account". The product will reduce the complexity of using different types of assets, centralizing the entire financial activity of forty-seven private customers in forty-seven separate systems. It will be easy to quickly transfer resources from one fiat currency to another or from the currency fiat to a digital currency or vice versa. In addition, transaction costs will be significantly reduced if this happens in Forty Seven Bank. Forty Seven App Platform will also allow customers to use

Several analytical applications that can help in managing personal finances.

Products for business

The synergy of clever contracts and blockers will open up new incredible opportunities. Forty-seven people seek to break through the traditional banking sector and move into a new banking perspective, using modern innovative exclusive services for future benefits. Forty-seven people create not only a technological bank, but also forty-seven people create a bank of the future.

The technological and operational capabilities of the Fort Seven platform will be fully built to support customers' needs, where customers can pay full attention to their personal or business experts and take advantage of high-disk and low-cost solutions when it comes to payments and transaction management. Forty Seven customers will be able to easily expand their business using the infrastructure and business model Forty Seven.

Suggestions for business

Business products focused on small and medium-sized enterprises.

Account management through the application programming interface (API), the creation of financial applications

Receipt of payments from the merchant in both the crypto-currencies and in the money in the company's account (card, SWIFT) using a form or API

Mass Payouts for Markets

Loyalty management for customers using large data

Factoring services based on the work of machine learning and large data (artificially intelligent algorithms that can predict the probability of repayment of a loan, as well as the timeliness of repayment from the company)

Escrow services

Mobile application with biometric identification for multicurrency transactions

Forty Seven App Platform and API Management

For forty-seven business clients, Forty Seven will offer a wide range of financial products and services. All services will be available through the API for management through smart contracts or applications for clients. Forty Seven will create a completely autonomous business thanks to the full API access to Forty Seven products and all their functions.

Payment processing and invoicing

Forty Seven Bank will provide a wide range of payment processing solutions for forty-seven business customers. E-commerce customers will be able to easily accept payments on their web pages, platforms, applications, games, etc. With an easy-to-use and informative trading cabinet / panel. They will be able to accept payments in traditional currencies using credit or debit cards (Visa, China UnionPay, MasterCard, Diners) and direct bank transfers. In addition, entrepreneurs will be able to accept payments in digital currencies with the support of a bank that will provide clearing procedures. At the same time, the bank will provide convenient and effective billing services. With all these services provided by Forty Seven Bank, companies will be able to significantly reduce costs,

related to financial management, and gain access to a wide audience of potential clients.

Financing and factoring

Forty-seven people would like forty-seven business customers to focus on launching key procedures in their companies, so Forty Seven Bank will use factoring solutions that will allow it to receive immediate cash for receivables. The bank will finance, manage and guarantee invoices issued by the company through smart contracts. Companies will have a wide range of short-term financing options to cover operational activities, as well as the possibility of long-term financing for their development, expansion and growth. In addition, by integrating machine learning, the bank will help business clients with the credit risk profile of their customers.

Innovative products for all

The recommended product is Multi-Asset Account for private clients with a linked card.

Remote identification and authorization based on passport and biometric data

A unique combination of payment instruments - SWIFT, credit and debit cards, electronic wallets, secure crypto-payments

Transactions with any type of crypto-currency through the application of the bank and without having to wait for current exchanges. You can download, remove and convert any pair.

A wide range of services, including lending, insurance, billing, credit / debit card management, etc.

Cross-platform access for customers to manage accounts opened in any European bank that complies with the PSD2 directive

Convenient and convenient interface

An analysis that helps the client make the right financial decisions through the services of a personal manager, created on the basis of machine learning algorithms

Developer Products

All functions of the Forty Seven platform, starting with the usual activities related to account management, opening an account, uploading a document, credit assessment and insurance, will be created as single micro services. All these services together with partner partners will work through the API, and all of them will be available to forty-seven customers through a secure channel.

The business will be able to fully unlock its potential by automating its financial and operational operations using an API to connect to its server and intellectual contracts to perform operational

taking into account various conditions.

Tools and services for external developers

The ability to provide forty-seven banking services under your own brand (white label)

API, which allows the development and implementation of modern financial services based on the infrastructure and processes of the forty-seventh

Conducting devDays conferences for independent developers

A showcase of financial applications using the API forty-seven

Bank as a service (BaaS)

The forty-seventh "Bank as a Service" service will allow entrepreneurs to access all elements of Forty Seven's infrastructure through the API. Fintech startup or those who would like to try themselves in the banking business will be able to create their own bank White Label or the establishment of financial services. They will be free to focus on marketing activities, while Forty Seven has already developed an infrastructure covered by a banking license, technology, compliance, risk management and customer service, and does the rest.

Forty-seventh application platform

The open API will give Forty Seven the ability to develop applications for applications such as smartphone applications that will run using the Forty Seven App Platform. Developers will be able to create their own banking application, a bot for managing accounts or a complex analytical application. Relying on the possibilities of online identification, they will have the ability to scale unlimitedly and receive significantly higher income levels. Forty Seven will manage the marketing activities related to the Forty Seven platform and, having introduced the application developer, will have the opportunity to attract its client base, as well as use the already existing database of clients and partners of forty-seven.

Goods for traders

Figure 4 below shows Forty Seven Bank products for traders. A wide range of products and services

which will be provided to traders. There will be traditional products, as well as innovative crypto products

developed and implemented by Forty Seven Bank.

Manage your account

The Forty Seven trading accounts management system will allow Forty Seven customers to manage their trading account and access to functions such as trading reporting, configuration, financing and account tracking, displaying information such as margin, order and execution positions for transaction analysis and valuation their effectiveness and optimization of the strategy. For institutional clients, there are functions that enable service providers, such as brokers, consultants and hedge fund managers, to link and manage multiple accounts, by configuring various tools for providing cost-oriented services to their customers.

Access to the application platform

Forty Seven Bank will provide customers with access to the latest trading platform Forty Seven, which will allow them to trade shares, options, futures and forex. The mobile platform will include many convenient functions for monitoring markets in real time and tracking trading orders and positions with a customizable intuitive information panel with links to interactive market calendars and news. Forty-seven applications will be associated with a bank account of forty-seven customers to provide free transfers on margin.

Access to the banking system is forty-seven

Forty-seven will provide currency exchange services for forty-seven clients, including bank transfers and foreign

exchange rate for international corporations. Since forty-seven will exploit large volumes, forty-seven will be able to

to transfer wholesale tariffs of forty-seven people directly under the control of forty-seven customers. Forty-seven customers will be able to

access to these services when opening an account.

Technologies

Blockchain

Blockchain technologies are going to transform the entire financial and banking industry. Forty-seven banks

is proud to be part of these transformations and wants to play a key role by developing and delivering

advanced financial products and solutions for customers forty-seven. The chain-chain should serve not only

enthusiasts of crypto currency, all people and companies should take advantage of this innovative technology.

Purses with crypto currency

The bank will provide a multi-currency purse for forty-seven customers. Customers of the bank "Forty-seven" can

keep crypto allocations in this wallet, monitor the current balance, easily send and receive digital currencies, request a history of payment transactions. Customers will be able to work with such crypts as currently with currency fiat. It will be easy and safe.

To protect customer funds that are allocated in crypto allocations, the keys will be stored in a secure private database that will be copied, encrypted and replicated to multiple data centers around the world. Thus, customers will be sure that they can not lose private keys and gain access to their crypto currency account. Customers can always restore their credentials for remote access to a bank account, confirming their identity to the bank.

Cryptocurrency payment system

For merchants who sell their goods online, Forty Seven will provide a secure payment system for crypto currency.

Buyers will be able to pay for products in cryptographic and fiat currencies through the Forty Seven payment system.

The system will be easy to use for buyers and easy to integrate for sellers. Payment API and payment

button for integration into the store will be developed and provided to customers forty-seven. When the buyer

buy a product, he or she can choose how they want to pay - either using the currency or the crypto currency.

When the purchase is accepted, the funds from the fiat account or the customer's crypto currency are reliably transferred,

issued to the fiat or the seller's crypto-currency account. If the seller wishes, the funds can be automatically converted,

to the desired currency or crypto currency. Forty-seventh bank can refund payments for crypto-currency

Transactions in case of duplication of billing, fraud or technical problem on the seller's side. Forty-seventh payment system

will be safe and safe for both buyers and sellers.

Smart contracts

Forty Seven Bank will use digital currency tools such as Cryptobonds and Cryptofutures for forty-seven trader clients. Strict fulfillment of the terms of the contract will be guaranteed with the help of smart contracts, which will be carefully designed and tested by the bank forty-seven. Forty-seven smart contracts will be written in the solidity-oriented programming language, and will be executed on the Etchheum blockchain network. A source

the code for these contracts will be transparent and published on GitHub for public inspection.

Auction contract

The auction intellectual contract is similar to the escrow agreement, but in addition it allows you to participate in several

buyers or sellers. When a party bets on an auction, the bank checks whether the buyer

on their accounts. If an auction participant has the means to place a bet,

these funds are blocked by the bank, while the other participant has not refuted the bid. If the buyer wins

auction, their funds are transferred to the seller after approval of the authorization to supply the buyer.

auction among sellers is also possible - in this case, the winner of the auction is the seller who provided

The best price for a buyer.

API

Forty Seven Bank will provide a full API that will enable businesses and partners to integrate their applications and services with the Forty Seven infrastructure. Such integration will allow exchanging information and linking the business processes of these organizations with the business processes of forty-seven banks.

Synergy and tight integration of financial services and a wide range of external systems will lead to the creation of valuable solutions for oForty Seven customers.

Architecture

Architecture infrastructure Forty Seven Bank will be built using modern advanced methods and technologies. All forty-seven data will be replicated to several geographically distributed data centers via

Earth. Data will be copied on a regular basis. All forty-seven execution servers will be duplicated for

tion. Distributed computing will be used to ensure a high level of availability of our banking services. Forty Seven will use the load balancer to distribute the network trace to the front end of the Forty Seven API and the user's Web interfaces. All Forty Seven systems will be designed in such a way that they can grow to the scale of billions of users.

Microservices

Forty-seven will use a service-oriented architecture for the banking system of forty-seven. The whole system will be built using

related microservices. Microservices will use the message bus for communication. This architecture is modular and allows independent development and evolution for various parts of the system. This architecture will allow us to share efforts to develop several development teams and introduce new technologies at a very fast pace. The API that corresponds to these micro services will also be modular. This means that the entire API will be divided into small parts related to the domain:

Account API;

Payment API;

Trading API;

API White Label.

Forty-seven bank shops

Forty Seven Bank will provide a full range of services for Forty Seven's clients. These services will be provided

in the form of applications that the client can install from the application store forty-seven. These applications can

provide any type of financial services - this can be confidence, investment or trade. The client will

able to view the list of applications forty-seven and install the necessary application in your account. user

will be able to open and use any application directly through the main user interface of the bank Forty Seven. Apps

can be used through the bank's website and in the mobile banking application on the Android and iOS operating systems.

When the user starts the application, it authenticates the client, obtains authorization, and then interacts

with the banking infrastructure through the API.

Machine learning

Thanks to the recent explosion of data storage capabilities (Big Data) and processing power, the forty-seventh will see how machine learning is the cornerstone of the comfort and accuracy of forty-seven operations. In Forty Seven Bank, Forty Seven will use it in various operational and analytical functions, with the most striking examples being:

Management of risks;

Marketing;

Customer service;

Detection of fraud;

Security;

Product development.

In risk management, application evaluation will be automated using the probability of default (PD) indicators. Every time a customer applies for a new product or a new feature in an existing product, such as a higher credit limit, he will receive a risk rating based on statistical models of forty-seven - a credit rating.

According to domestic policy, clients, whose application is evaluated above forty-seven acceptable levels of risk, will withdraw