[ANN] 💠 FSBT TECH 💠 – Open API For Fintech Developers

[FortySeven]

What is the minimum/maximum investment in each stage?

I mean, in the Pre-ICO and the ICO.

Minimum contribution on Pre-ICO is 4.7 ETH (1 000 FSBT tokens) and on ICO it is 0.047 ETH (10 FSBT tokens). There is no maximum limit on the amount of one contribution.

[1714137535]

1714137535

[1714137535]

1714137535

[1714137535]

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[coindoctor]

Only personal accounts or business accounts also ?

[FortySeven]

if seen from a good working structure, it seems like this will be the fastest-response project ever, interestingly, it will be one of the list of potential projects for success, hopefully running well, I'm waiting for further developments, good luck with your project

Thank you very much for your opinion! If you are waiting for further developments, feel free to subscribe to our updates on the website, so we could inform you about all important events and developments.

[FortySeven]

Only personal accounts or business accounts also ?

Forty Seven Bank will provide wide range of products and services for individuals, businesses, developers, traders and other financial and governmental institutions. Business accounts will be available at first to companies from the European Union and we will expand our operations to other countries in future.

[FortySeven]

I can see from roadmap there will be integration into SWIFT system at later point. That has been compromised with security system why don't you use blockchain fully for transactions ? I didn't not read the whole concept with details so will be following to understand well everything before making any decision.

The debit card from customer and merchant perspective will work like usual Visa or Mastercard debit card. The customer may decide to which type of account the debit card is bound when he or she signs an aggreement with Forty Seven Bank. It can be bound to Multi-Asset Account, fiat account, crypto-stable currency account or cryptocurrency wallet. First of all, the bank will check whether customer has enough funds and will approve transaction if customer has sufficient amount of funds in his account and simultaneously will lock these funds.  After that, funds either are withdrawn directly from fiat account or equivalent amount of cryptocurrency is withdrawn from customer cryptocurrency wallet. Funds may be converted between cryptocurrency and fiat currency using current exchange rate. Bank will have own nodes in major blockchains such as Bitcoin and Ethereum, store the customer wallet keys and manage customer wallets. So, there will be no problem for the bank to execute these transactions on behalf of our customers directly in blockchain.

[coindoctor]

Only personal accounts or business accounts also ?

Forty Seven Bank will provide wide range of products and services for individuals, businesses, developers, traders and other financial and governmental institutions. Business accounts will be available at first to companies from the European Union and we will expand our operations to other countries in future.

Also crypto wallet ? Bitcoin, Ethereum . . .

[Retired]

I see you offer businesses the possibility of launching applications in your platform. What requirements will businesses need to meet in order to launch their applications?

[FortySeven]

Only personal accounts or business accounts also ?

Forty Seven Bank will provide wide range of products and services for individuals, businesses, developers, traders and other financial and governmental institutions. Business accounts will be available at first to companies from the European Union and we will expand our operations to other countries in future.

Also crypto wallet ? Bitcoin, Ethereum . . .

Yes, you will be able to manage all your crypto wallets via one application of Forty Seven Bank.

[poordeveloper]

Will you launch an Android and iOS app?

[FortySeven]

Will you launch an Android and iOS app?

Yes, of course, Forty Seven Bank will have mobile applications on both operating systems.

[Huxleyfree]

will all clients need to pass KYC identification?

[FortySeven]

will all clients need to pass KYC identification?

Yes, all clients of Forty Seven Bank will have to go through KYC procedure.

[FortySeven]

I see you offer businesses the possibility of launching applications in your platform. What requirements will businesses need to meet in order to launch their applications?

Business will have to go through standard KYC and AML procedures in order to open a bank account. In our case we will make a bank with remote identification, where a client will be able to  go through these procedures right via personal cabinet. After that, the client will get access to API and will be able to create his own web applications or bots or anything else.
Taking into account that all the critical data will be stored at our side, on the basis of our API our clients will have opportunity to concentrate on the development of their business and marketing. Developers will get commissions as technical service providers for customer attraction in convenient way for them - either in fiat or cryptocurrencies.

[Retired]

What kind of security measures will you provide to clients' accounts?

[Huxleyfree]

Will you launch an Android and iOS app?

Yes, of course, Forty Seven Bank will have mobile applications on both operating systems.

will they be available from the launch date?

[ann2230]

will you offer API or will developers need to use your application platform?

[FortySeven]

Will you launch an Android and iOS app?

Yes, of course, Forty Seven Bank will have mobile applications on both operating systems.

will they be available from the launch date?

We are planning that mobile application is going to be available at the launch date. There might be a situation that we'll start with an iOS app and add Android during next two months after the initial launch, but we plan to release them both at once.

[FortySeven]

What kind of security measures will you provide to clients' accounts?

Forty Seven Bank will build comprehensive and multi-layered security system to protect the assets and privacy of our client. We will develop and execute set of internal security policies that will cover such areas as:
- financial protection:
- maintaining reserves,
- hedging risks,
- physical protection of assets and important paper documents:
- safes & vaults,
- access control and monitoring,
- NDA contracts with employees,
- office entrance control system,
- surveillance system,
- regular security audits,
- electronic protection of digital data and information:
- data replication to several geographically distributed locations,
- data encryption for stored data and communication over public networks,
- network level security using firewalls and VPN,
- operating system security and regular security updates,
- digital signatures for important digital documents,
- multi-signature for important transactions,
- cold offline wallets for cryptocurrency,
- intrusion detection system,
- two-factor authentication for customers,
- fraud detection,
- protection agains DDoS attacks.

[stasyk411]

You have few competitors in this area, but the problem is the same for you. How are you going to negotiate with banks to issue cards?

[vireal]

October 4, 2017

Updates:

• Russian and Turkish translations have been added;