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

[aliyagiz207]

Hadn't noticed you have between your advisors employees of Crédit Agricole and Swedbank.

there are really successful people on the team

[exortis]

that this project attracts the attention of big investors?
designed by a much more professional team than many other card projects.

[Retired]

Hadn't noticed you have between your advisors employees of Crédit Agricole and Swedbank.

there are really successful people on the team

Indeed! These guys really have good people onboard.

What is your income projection?

[poordeveloper]

I think there are income projections in the one pager available in their website. I'll try to find them for you and post them here.

[icotokens]

UK bank? Will it be multicurrency?

Yes, our customers will be able to have bank accounts in different fiat currencies like USD, EUR, etc.

Thanks a lot for your reply. When do you guys plan to launch? Do you have experience to be able to meet the licensing requirements? A bank is not a lemonade stand...

Thanks for your question!
We are planning to launch as Electronic Money Institution (EMI) and Payment Institution (PI) in August, 2018 and we are planning to get a banking license in June, 2019. Our team has relevant successful experience in creating financial technology products that have received official licence from Financial Conduct Authority (FCA) in the United Kingdom.

Will clients need to understand cryptocurrencies?

[ann2230]

If they need to understand cryptocurrencies i am sure you will not have many clients...

[Retired]

I highly doubt clients will need to have cryptocurrency knowledge. They're going to be a real bank. Banks don't need cryptocurrency knowledge.

[poordeveloper]

Of course clients will not need to know anything about cryptocurrencies.

Forty Seven Bank will be able to serve both people in the cryptocurrency world and in the fiat world. However if one client only wants to use a part of the service offering, he'll be free to do so.

[coindoctor]

Will we be able to send SEPA transfers?

[BigBoy89]

FORTY SEVEN BANK looks like promising project. How do you plan to protect the biometric data you will use for authorization?

[vireal]

October 9, 2017
Updates:

• Moved the pre-ICO dates from 16th of October to 30th of October, but left the ICO dates intact, so no changes for bounty campaign participants. We made that decision based on the feedback provided be the community, we understood that we need more time to tell the people about our project in detail;
• Added max FSBT token amount in ANN post’s description;
• We received offers from people who want to participate in closed crowdfunding round before the main preICO, backing the project for large amounts of ETH. Incase there are more people who wish to do the same, please contact us in Telegram in order to receive more information;
• We now have Turkish, French, Italian, Spanish and Russian local official Telegram groups, if you wish to speak with us on one of those languages – welcome.

[poordeveloper]

Will we be able to send SEPA transfers?

Absolutely. You will be able to do the same things you do on your current bank account plus tens more of things.

[exortis]

I think the decision to postpone is very accurate
 
pictures to have been deleted from the server

[FortySeven]

I highly doubt clients will need to have cryptocurrency knowledge. They're going to be a real bank. Banks don't need cryptocurrency knowledge.

Of course clients will not need to know anything about cryptocurrencies.

Forty Seven Bank will be able to serve both people in the cryptocurrency world and in the fiat world. However if one client only wants to use a part of the service offering, he'll be free to do so.

As our concept is to unite crytpocurrency world and world of traditional monetary economies and build the bridge between them, we will have customers from both communities - some of them will understand cryptocurrencies, some not, but it does not matter, as we will have products and services for both groups of people. Moreover, Forty Seven Bank will become the easiest way for conservative people to find out more about cryptocurrency world and opportunities it might give.
Forty Seven Bank will be the first bank to understand cryprocurrencies and fully support operations with them.

[FortySeven]

Hadn't noticed you have between your advisors employees of Crédit Agricole and Swedbank.

there are really successful people on the team

Indeed! These guys really have good people onboard.

What is your income projection?

I think there are income projections in the one pager available in their website. I'll try to find them for you and post them here.

You are right, summary of income projections is in one pager, however, if you wish to learn more about our financial forecasts, we invite you to study our document called financial model, you can see it following the link:  https://drive.google.com/file/d/0BzvESRkgX-uDenBWSl9VekkyQ1E/view

[RAGEmond]

October 9, 2017
Updates:

• Moved the pre-ICO dates from 16th of October to 30th of October, but left the ICO dates intact, so no changes for bounty campaign participants. We made that decision based on the feedback provided be the community, we understood that we need more time to tell the people about our project in detail;
• Added max FSBT token amount in ANN post’s description;
• We received offers from people who want to participate in closed crowdfunding round before the main preICO, backing the project for large amounts of ETH. Incase there are more people who wish to do the same, please contact us in Telegram in order to receive more information;
• We now have Turkish, French, Italian, Spanish and Russian local official Telegram groups, if you wish to speak with us on one of those languages – welcome.

I really like how professional their communication is .. not only here but also in telegram and each contact point with customers and future Investors .. Keep it up!

[Huxleyfree]

Well, a big percent of people prefers using web wallets. Wouldn't it be awesome for your web wallet to be a regulated bank?

  It will be awesome to have a bank related to web wallet because it make them safer, but Will it be used with any web walet or some specific ones?

[FortySeven]

October 9, 2017
Updates:

• Moved the pre-ICO dates from 16th of October to 30th of October, but left the ICO dates intact, so no changes for bounty campaign participants. We made that decision based on the feedback provided be the community, we understood that we need more time to tell the people about our project in detail;
• Added max FSBT token amount in ANN post’s description;
• We received offers from people who want to participate in closed crowdfunding round before the main preICO, backing the project for large amounts of ETH. Incase there are more people who wish to do the same, please contact us in Telegram in order to receive more information;
• We now have Turkish, French, Italian, Spanish and Russian local official Telegram groups, if you wish to speak with us on one of those languages – welcome.

I really like how professional their communication is .. not only here but also in telegram and each contact point with customers and future Investors .. Keep it up!

Thank you very much for your opinion and support!

[FortySeven]

Well, a big percent of people prefers using web wallets. Wouldn't it be awesome for your web wallet to be a regulated bank?

  It will be awesome to have a bank related to web wallet because it make them safer, but Will it be used with any web walet or some specific ones?

Our customers will be able to open Multi-Asset Account and have access to all their assets via one application. It will be also possible to connect to various web-wallets via API.

[FortySeven]

Hadn't noticed you have between your advisors employees of Crédit Agricole and Swedbank.

You are right, we have consulted with professionals in banking field regarding our future products and services, as well as regarding technologies that can be used in Forty Seven Bank and their particular application.