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

[titovnn]

good evening, team! I think that your project is a very promising project. The active team behind the project is awesome. They are qualified and well experienced. Wish you much luck and prosperity

[Gunny95]

Is there more information available about the Forty Seven Bank Exchange?
It is mentioned in the WP that the 47B will provide foreign exchange services including bank to bank transfers, does this mean I can send funds to 47B Exchange directly from my Bank?

[girib1684]

Forty Seven Bank is financial technology start-up aimed at creating PSD2 compliant Bank as a Service platform for fintech developers with open and flexible API.

[rezzx]

Is there more information available about the Forty Seven Bank Exchange?
It is mentioned in the WP that the 47B will provide foreign exchange services including bank to bank transfers, does this mean I can send funds to 47B Exchange directly from my Bank?

I suppose that depends on your bank. A non EU bank will probably not support this platform directly. If you are talking about an EU bank, then if this project succeeds that might be possible. If it does it definitely going to be huge since current deposit systems of most exchanges is a real pain if done with fiat.

[Zombie259]

Is there more information available about the Forty Seven Bank Exchange?
It is mentioned in the WP that the 47B will provide foreign exchange services including bank to bank transfers, does this mean I can send funds to 47B Exchange directly from my Bank?

That is an interesting point!
With my Bank account it takes to long to transfer FIAT to an Exchange.
When I can send funds from my bank to my 47B account and then to the 47B Exchange, it will be an advantage.

[Ace44]

I like how 47 Bank is trying to attract banking app developers to its platform, a lot of money has shifted from traditional banks in the UK like Scottish Widows, Lloyds, Barclays and it has transferred to new banks like Monzo & Revolut.

I think this trend will continue as the apps and online banking is a lot more user friendly, quick and secure. So this is a great market for 47 Bank to try and be in the forefront of.

There is a lot of potential and change happening within this market so the potential for these kind of new start ups is incredible. One of the main things which attracted me to Forty Seven Bank was the low hard cap which is great for its value.

Yes, great value for minimum requirements, there are a lot this project has to offer that i sometimes find it hard to comprehend if this is actually happening, i mean, the project has state of the art tech, with a lot to offer, unique and a pioneer in its niche, i'm definitely following this

[malagaa]

hi, sorry before. I have some token FSBT from ICO. but I need money fast for urgent something. will you buy my token? the price under ICO. you can buy my token on https://etherdelta.com/#0x1ed7ae1f0e2fa4276dd7ddc786334a3df81d50c0-ETH

(if you do not wish I post here, please just delete this)

thank you.

[ganeshramk]

hi, sorry before. I have some token FSBT from ICO. but I need money fast for urgent something. will you buy my token? the price under ICO. you can buy my token on https://etherdelta.com/#0x1ed7ae1f0e2fa4276dd7ddc786334a3df81d50c0-ETH

(if you do not wish I post here, please just delete this)

thank you.

Why don't you ask this question in their telegram channel? May be developer will have some instant reply or solution for you. Asking here like this might not be a good idea as people here don't know whether this is reliable or not.

[cryptossi]

I like how 47 Bank is trying to attract banking app developers to its platform, a lot of money has shifted from traditional banks in the UK like Scottish Widows, Lloyds, Barclays and it has transferred to new banks like Monzo & Revolut.

I think this trend will continue as the apps and online banking is a lot more user friendly, quick and secure. So this is a great market for 47 Bank to try and be in the forefront of.

Indeed it sort of really feels like theirs a shift from the old days of brick and mortar towards fully app based checking, things like crypto banking with 47 Bank are the next step in that evolution i feel like. It was inevitable to start happening we saw it already in regular banking with banks opening with 0 physical presence. It makes sense that the next step in that evolution is removing the fiat from the equation. Which is why a bank like 47 that bridges that gap while FIAT is still important makes so much sense.

I imagine we'll see a lot of appdevs moving toward the crypto space over time as the market cap grows toward competing with fiat over the next 10 or so years.

Definitely I do not think there is a need for the physical presence of a bank or building society, it's better to have a good website & app with a dedicated online support team!

[Nathan01]

Price of token and it's value are always in discussion for all the ICOs. But think about the supply, market cap, etc.. when the price seems psychologically high, it did not mean it's really high price. Considering all the factors, FSBT is priced reasonably good. We will see much higher value after the listing for sure.

I think it's reasonably priced taking into account the hard cap at 11,000,000 and the quality of the project with its exciting plans.

Q2 will be an interesting time with the potential software infrastructure plans, it's a good time to buy before the exciting plans of implementation and with a generous 20% at the moment!

Yea, the software infrastructure is top notch, Forty Seven Bank is creating that avenue for migration of traditional banking into cryptocurrency, like an awareness for customers to embrace crypto, this is huge with a very viable and untapped market, someone was spreading FUD about the united kingdom ditching crypto, i hope going through the whitepaper will be convincing enough for a lot to embrace this as it is stated that the government of united Kingdom and regulatory authorities have advanced favorable conditions towards digital assets and crytocurrencies

FUD have emanated from almost every part of the world from Korea to china to America. its never a new thing and can never stop the revolution which is why forty seven platform remains attractive and one of the best investment option in our today world

[Zombie259]

I want to buy some FSBT with Credit Card, but the commission is to high.
The Fee is about 10%, that is not real.

Other possibilities to buy with FIAT?

[faulerwilli]

Did anyone saw page number 14? They are offering some multi asset account like IBAN (EUR, USD, etc.), crypto wallets (BTC, ETH, etc.), investments if customers contributes between 0.1 ETH to 1 ETH.

Hello. Yes - that is correct. It will be a bridge between crypto and fiat world

this is really a great thing for me. You hear more and more about banks that do not want to accept transfers from crypto exchanges anymore, so in the future it might be difficult to convert your coins into Fiat if you need them. 47BK solves this problem simply because you have one account for Fiat and crypto. really amazing

[cryptossi]

I want to buy some FSBT with Credit Card, but the commission is to high.
The Fee is about 10%, that is not real.

Other possibilities to buy with FIAT?

Would it work out better to buy ETH/BTC wait for growth and then use the extra funds you have raised to buy some FSBT.

This means instead of spending 10% on fees you can maybe use an extra 10% to purchase funds (obviously this all depends on the performance of ETH/BTC).

[rezzx]

I want to buy some FSBT with Credit Card, but the commission is to high.
The Fee is about 10%, that is not real.

Other possibilities to buy with FIAT?

Yeah 10% is pretty high but you can always buy BTC or ETH with fiat and then use it to buy the FSBT. If you can't buy BTC or ETH easily with fiat, and you don't have any available, then I guess you'll have to pay the 10% fee. Remember though that there is 20% bonus right now, so 10% is not that bad if you consider the bonus.

[kaar]

I've already wondered what I do when I really earn a lot of money with cryptocurrencies. 47BK could help me with the decision: I just set up my own bank :-) the possibility to build my bank based on their platform is really fascinating.
And that is not the only possibility that offers itself here, but I have to read a lot of information now. how could 47BK stay under my radar for so long?

I really like the idea that I have my own Bank 
Account Management, Deposit and Loans, Investments and Brokerage and Others in one app sounds good.

Having your own bank is awesome xD. But really important question though what will happen when the funds are stolen ? Will the devs give the money back to the investors ? This is really important to know.

wich funds to you mean, the funds that deposit my potential customers in my bank opened by me? think for that I would be responsible
or do you mean the deposits at the ico? I believe ICO investments will be replaced by 47BK should they be stolen. it's all about their reputation

I don't think he talks about the ICO money (which they probably have an insurance in case it gets stolen). The question needs to be more specific though as I'm not quite sure I understand what he means. Which funds are stolen exactly? Once people set their own networks on the blockchain, 47BK won't have any control on their tokens or funds, that's the whole point of decentralized network. Please be more specific so we can try to answer the question.

I do not think that is an issue for multiple reasons; their implementation of  OAuth 2 protocol to authorize bank access to account which also means that you can revoke access anytime. There are many details to this point and I think it is one of the strong suits of seventy four bank so inherently you are adopting european PSD2 which enables bank users to use third-party providers to manage their finances so it has to conform to a set of standards especially security features.

Forty Seven also allows  biometric SDK for biometric authentication. Oh ya let us not forget the Access control on the API level; They will adopting a strict policy to allow access and it is a must. I think the whole process is properly thought through and should not be a worry there.

Yes I agree, I was just trying to understand what was his concern. If he was asking about the ICO funds, then it make sense, but that is not what I understood from his question. If the question was about the infrastructure itself, then I suggest reading the white paper again as it's very detailed and would most like answer his questions.

[Cnote328]

47 Bank is project to look out for with the absence of direct competitors, 47 Bank could accumulate significant demand for products and services which  will create a constructive base for healthy growth in long-term.

[Owillz]

I want to buy some FSBT with Credit Card, but the commission is to high.
The Fee is about 10%, that is not real.

Other possibilities to buy with FIAT?

Don't think it's possible to buy with fiat. I say so because the was clearly state that the accepted currency during ico is BTC and ETH. I didn't see any option for fiat though.

[jamzzz123]

I want to buy some FSBT with Credit Card, but the commission is to high.
The Fee is about 10%, that is not real.

Other possibilities to buy with FIAT?

Don't think it's possible to buy with fiat. I say so because the was clearly state that the accepted currency during ico is BTC and ETH. I didn't see any option for fiat though.

Might be worth looking into that paybis platform as it looks like they accept USD & EUR with that. You may be able to deposit FIAT on that platform and go from there really to save the 10% fee. Worth looking into and it's good to see the forty seven bank token listed on there too.

[faulerwilli]

I really like the concept that I can link all my different accounts in one application really. If I understand correctly, do I encrypt this application with my biometric data or log in with it?
In the meantime, every smartphone has a fingerprint sensor, which other parameters will be stored? and where? And most of all, how safe are my biometric data?

[Gunny95]

I want to buy some FSBT with Credit Card, but the commission is to high.
The Fee is about 10%, that is not real.

Other possibilities to buy with FIAT?

Don't think it's possible to buy with fiat. I say so because the was clearly state that the accepted currency during ico is BTC and ETH. I didn't see any option for fiat though.

I dont know how it is regulated in other countries, but in my country you can expect your cryptocurrency purchase (with fiat) within a few hours. So it is not such a great barrier to participate in an ICO. I can imagine that in some countries it is not so developed yet