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

[FortySeven]

On page 26 of the whitepaper (https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view), ''direct market access'' is mentioned, does this mean you can directly place sell orders on other exchanges?

Yes, it means that you will be able to directly trade on exchanges which are connected to Forty Seven Bank infrastructure via API.

Thanks for clearing this up Forty Seven bank team, a lot of people have been asking questions about this statement so it's good to see a team member has answered this.

Which exchanges will be connect to Forty Seven Bank, have any been announced yet?

We are planning to be listed on several exchanges right after ICO ends. Working hard on this. At first at smaller ones like EtherDelta, KuCoin and later we will be heading to bigger exchanges like Poloniex, Binance and Bittrex. We are already negotiating with exchanges about listing our tokens right after the ICO, as this process takes time.

Nice idea, I like the planning behind this, the Forty Seven Bank are thinking about this carefully.

Binance is a good goal, have you guys heard of HitBTC? Thats another option, I think this would be a good exchange for you to get listed on, I also really like Cryptopia!

Yes, sure of course we know. Thank You.

[Hendobox]

Hello, I think it will really be nice if one could see the amount of their earning from the ref link. Is there any other way to see how much we've put in so far? I hope there is, so that we don't have to lose track of it.

[Ace44]

are there any partnership and collaboration with companies?

Check out https://www.fortyseven.io/ it has the partnerships and companies they work with towards the bottom of the website and what exchanges they are hoping to be listed on in the near future

This gives a good idea in which direction the ICO is headed, but has yet to prove that they actually can achieve their goals

Their whitepaper actually gave a hint of their goals and what they can achieve, i know uncertainties are bound to happen in any project but Forty Seven Bank has given me reasons to stick with them, i like going though what i intend to invest before investing and the project must be good enough to convince me, i think i'm convinced about this project, my personal opinion

Exactly, there is some interesting parts of the whitepaper which have been well thought of, check out this latest update in medium with a partnership announcement

https://medium.com/@FortySeven47/forty-seven-bank-partners-with-citowise-b9ccba491b86

This is a good announcement, however outsourcing app management introduces vulnerabilities and risk factors to consider

You do have a point, that was why i asked the above questions, so much to know before it can be accepted by many, i for one would have love a scenario where all the functions will be based on the Forty Seven Bank app, unless there's a solid reason behind the partnership, which of course can be clarified by the team

[Nathan01]

On page 26 of the whitepaper (https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view), ''direct market access'' is mentioned, does this mean you can directly place sell orders on other exchanges?

Yes, it means that you will be able to directly trade on exchanges which are connected to Forty Seven Bank infrastructure via API.

we have already puzzled over this and already thought of the API. great that you want to do it that way. So I will be able to trade directly from my 47BK account on Exchanges. WOW!

Is this the first bank to offer that for crypto thinking back and doing a quick google I’m not seeing any others that allow direct trading via third party markets from a Ebank account. If this works how I think it will it would be a reallly big selling point for people to utilize 47 especially if 47 can tie into some of the larger banks and take advantage of that liquidity

if this works i will quit my actual bank account and move all my finances zu 47BK:-)
I'm sure traditional banking is coming to an end and in a few years we'll be wondering how we could manage oour finances without 47BK

Hmmmm truth is traditional banking system has their own usefulness and advantages which has made it survived until now so we may not be able to see a complete shift from traditional system to the modern system 47BK is bringing on.

I agree with you on the fact that if fortyseven becomes successful with the implementation of its project there will be a significant push towards their banking system but it won't be that huge and like the old saying goes "somethings takes time"  so we are going to see a gradual increase in adoption as time goes

[girib1684]

Alexander Malin, Co-Founder and CEO/CVO of FortySeven Bank. He have more than 15 years Experienced Executive with a demonstrated history of working in the information technology financial services industry.  

https://www.linkedin.com/in/alexander-malin-30a6ab34/

[Owillz]

Hello, please I would like to be cleared on this. Why is it that I can not make payment with my debit card? Isn't this project supposed to be integrated with financial services? If debit card payments aren't available to us, how are we supposed to trust this project?

You are right. I would also expect that in such a project the payment with credit or debitcard is possible.
Until last week you could pay with credit card and a service provider. I don't know why they removed credit card payments.

Hi guys i think if you check 4 pages behind a similar question was asked. Forty seven bank accepted fiat payment earlier at the moment they are  having several technical issues with the credit card, an announcement will be made when they start accepting fiat payment.

You know being a Crypto project I never thought of its inability to accept payment through Fridays as a flaw. But after reading the first person's question I realized that it's actually a big flaw that they need to look into as quick as possible.

[Cnote328]

Alexander Malin, Co-Founder and CEO/CVO of FortySeven Bank. He have more than 15 years Experienced Executive with a demonstrated history of working in the information technology financial services industry.  

https://www.linkedin.com/in/alexander-malin-30a6ab34/

Nice portfolio i see his well experienced in information technology, financial services industry, Skilled in Strategic Planning, Process Automation, Finance, Banking and Payment Card Industry Data Security Standard (PCI DSS), i sure know his experience will aid forty seven bank to success

[Nathan01]

Alexander Malin, Co-Founder and CEO/CVO of FortySeven Bank. He have more than 15 years Experienced Executive with a demonstrated history of working in the information technology financial services industry.  

https://www.linkedin.com/in/alexander-malin-30a6ab34/

Thank you for this... Sent an invite hope he responds to it.

Here is his resume, looks very attractive

"Strong business development professional with a Master's degree focused in Information Technology.  Experienced Executive with a demonstrated history of working in the information technology financial services industry. Skilled in Strategic Planning, Process Automation, Finance, Banking and Payment Card Industry Data Security Standard (PCI DSS)"

[Anilg]

are there any partnership and collaboration with companies?

Check out https://www.fortyseven.io/ it has the partnerships and companies they work with towards the bottom of the website and what exchanges they are hoping to be listed on in the near future

those are some pretty nice exchange listing they have got there am seeing binance and hitbtc in the list... cool

like i said 47BK came prepared

Yep i really hope they can land the binance integration not just for exchange, but if they can get the backend API integration working as well would be amazing to be able to have access to the trade liquidity from the big name exchanges like binance and hitbtc come launch. I tend to get more excited about things that drive demand and utilization like the directaccess api integration than the ability to sell the coin on the various exchanges, the backend integrations will i feel be a driving force for demand on the 47bk tokens.

That will be for sure a nice Boost for 47B Token.
Binance is one of my favourite Exchanges and it will be a big deal if they can realize the backend integration.

Binance and KuCoin are the most favorite exchanges of mine. 47Bank is working together with Binance is a big plus and this will definitely boost the strength of the project. I am looking forward to see the progress update on that part.

Mostly, nowadays exchanges are losing their transparency by not sending the withdrawals on time. On the same way by keeping the fund within those exchanges is also risky, so we have to be very careful with all these exchanges.

I think project like FSBT can solve this issue. FSBT will be providing banking solutions and partnership with top exchanges will help people to transfer money from bank to exchange and exchange to bank within very short time.

[Ace44]

On page 26 of the whitepaper (https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view), ''direct market access'' is mentioned, does this mean you can directly place sell orders on other exchanges?

Yes, it means that you will be able to directly trade on exchanges which are connected to Forty Seven Bank infrastructure via API.

we have already puzzled over this and already thought of the API. great that you want to do it that way. So I will be able to trade directly from my 47BK account on Exchanges. WOW!

Is this the first bank to offer that for crypto thinking back and doing a quick google I’m not seeing any others that allow direct trading via third party markets from a Ebank account. If this works how I think it will it would be a reallly big selling point for people to utilize 47 especially if 47 can tie into some of the larger banks and take advantage of that liquidity

if this works i will quit my actual bank account and move all my finances zu 47BK:-)
I'm sure traditional banking is coming to an end and in a few years we'll be wondering how we could manage oour finances without 47BK

Hmmmm truth is traditional banking system has their own usefulness and advantages which has made it survived until now so we may not be able to see a complete shift from traditional system to the modern system 47BK is bringing on.

I agree with you on the fact that if fortyseven becomes successful with the implementation of its project there will be a significant push towards their banking system but it won't be that huge and like the old saying goes "somethings takes time"  so we are going to see a gradual increase in adoption as time goes

I agree on the part of traditional banking but lets face it, things are changing, before, we do walk into the bank for every single transaction but now, is different, no one expected cryptocurrency to go this far but today, here we are, so the shift will happen, it may take sometime but once Forty Seven Bank becomes successful, it will lead to a shift, everyone wants to identify with success

[faulerwilli]

On page 26 of the whitepaper (https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view), ''direct market access'' is mentioned, does this mean you can directly place sell orders on other exchanges?

Yes, it means that you will be able to directly trade on exchanges which are connected to Forty Seven Bank infrastructure via API.

we have already puzzled over this and already thought of the API. great that you want to do it that way. So I will be able to trade directly from my 47BK account on Exchanges. WOW!

Is this the first bank to offer that for crypto thinking back and doing a quick google I’m not seeing any others that allow direct trading via third party markets from a Ebank account. If this works how I think it will it would be a reallly big selling point for people to utilize 47 especially if 47 can tie into some of the larger banks and take advantage of that liquidity

if this works i will quit my actual bank account and move all my finances zu 47BK:-)
I'm sure traditional banking is coming to an end and in a few years we'll be wondering how we could manage oour finances without 47BK

Hmmmm truth is traditional banking system has their own usefulness and advantages which has made it survived until now so we may not be able to see a complete shift from traditional system to the modern system 47BK is bringing on.

I agree with you on the fact that if fortyseven becomes successful with the implementation of its project there will be a significant push towards their banking system but it won't be that huge and like the old saying goes "somethings takes time"  so we are going to see a gradual increase in adoption as time goes

I agree on the part of traditional banking but lets face it, things are changing, before, we do walk into the bank for every single transaction but now, is different, no one expected cryptocurrency to go this far but today, here we are, so the shift will happen, it may take sometime but once Forty Seven Bank becomes successful, it will lead to a shift, everyone wants to identify with success

probably banks like 47BK will not replace traditional banks. but I can well imagine that other banks look a bit off from projects like this. This is how the banking system is changing from both sides. And in a few years everything will be different

[gee777]

Just got this from 47bank telegram group "Beware, fraudsters are mimicking Forty Seven team members' accounts!" this is sad why do people always tend to exploit people please lets all be careful.

This scammers are  everywhere waiting to prey on ones success...
Don't know why people always behave heartless always ready to take someone else sweat and blood only to buy sushi with it?

Crypto really is the wild west, there are so many ways to lose your money if you're not careful. That's what worries governments into taking action, and why there is always talk of regulation. There are so many scam ICO's and dodgy exchanges, it's unreal.

Sometimes i sit down and reason that it might not actually be a bad idea if cryptocurrency is regulated atleast we won't be seeing much of this scams as we do this days and most project will up their game bringing in more competition into it.

[Hendobox]

Hello, please I would like to be cleared on this. Why is it that I can not make payment with my debit card? Isn't this project supposed to be integrated with financial services? If debit card payments aren't available to us, how are we supposed to trust this project?

You are right. I would also expect that in such a project the payment with credit or debitcard is possible.
Until last week you could pay with credit card and a service provider. I don't know why they removed credit card payments.

Hi guys i think if you check 4 pages behind a similar question was asked. Forty seven bank accepted fiat payment earlier at the moment they are  having several technical issues with the credit card, an announcement will be made when they start accepting fiat payment.

You know being a Crypto project I never thought of its inability to accept payment through Fridays as a flaw. But after reading the first person's question I realized that it's actually a big flaw that they need to look into as quick as possible.

You are right my friend, honestly they should do something about this flaw as soon as possible. Apart from btc and ETH, one should be able to make payment with credit and debit cards. These things shouldn't be a problem especially when you consider the fact that the project is about financial services.

[phantam]

Hello, please I would like to be cleared on this. Why is it that I can not make payment with my debit card? Isn't this project supposed to be integrated with financial services? If debit card payments aren't available to us, how are we supposed to trust this project?

You are right. I would also expect that in such a project the payment with credit or debitcard is possible.
Until last week you could pay with credit card and a service provider. I don't know why they removed credit card payments.

Hi guys i think if you check 4 pages behind a similar question was asked. Forty seven bank accepted fiat payment earlier at the moment they are  having several technical issues with the credit card, an announcement will be made when they start accepting fiat payment.

You know being a Crypto project I never thought of its inability to accept payment through Fridays as a flaw. But after reading the first person's question I realized that it's actually a big flaw that they need to look into as quick as possible.

You are right my friend, honestly they should do something about this flaw as soon as possible. Apart from btc and ETH, one should be able to make payment with credit and debit cards. These things shouldn't be a problem especially when you consider the fact that the project is about financial services.

While i agree, you also have to keep in mind that FIAT->Crypto and vise versa is a tricky topic that requires regulation and restrictions, so its very possible that the team is working with their FIAT broker to solve the issue they expereinced, don't forget that some companys like visa and mastercard haven't been exactly very well receiving of crypto. In addition some countries are putting restrictions on purchasing with credit cards, so its possible also that they are trying to maintain some form of compatability at the moment with the worldwide market during the ICO portion. I think best to ask in the telegram personally and see if the devs can specify when credit/debit purchases will be opened. Perhaps only after ICO / KYC is complete?

[hoop]

Mostly, nowadays exchanges are losing their transparency by not sending the withdrawals on time. On the same way by keeping the fund within those exchanges is also risky, so we have to be very careful with all these exchanges.

Agree with your thought, nowadays most of exchanges are very risky. So we are in need to very professionally decentralised exchanges as soon as possible.

[ibininja]

Alexander Malin, Co-Founder and CEO/CVO of FortySeven Bank. He have more than 15 years Experienced Executive with a demonstrated history of working in the information technology financial services industry.  

https://www.linkedin.com/in/alexander-malin-30a6ab34/

I can see his Bilderlings Pay experience. I can also see his co-founding experience; seems he has a great experience running a startup. That is a great combination knowing payments and business operations.

[nxnqauff]

are there any partnership and collaboration with companies?

Check out https://www.fortyseven.io/ it has the partnerships and companies they work with towards the bottom of the website and what exchanges they are hoping to be listed on in the near future

those are some pretty nice exchange listing they have got there am seeing binance and hitbtc in the list... cool

like i said 47BK came prepared

Yep i really hope they can land the binance integration not just for exchange, but if they can get the backend API integration working as well would be amazing to be able to have access to the trade liquidity from the big name exchanges like binance and hitbtc come launch. I tend to get more excited about things that drive demand and utilization like the directaccess api integration than the ability to sell the coin on the various exchanges, the backend integrations will i feel be a driving force for demand on the 47bk tokens.

That will be for sure a nice Boost for 47B Token.
Binance is one of my favourite Exchanges and it will be a big deal if they can realize the backend integration.

Binance and KuCoin are the most favorite exchanges of mine. 47Bank is working together with Binance is a big plus and this will definitely boost the strength of the project. I am looking forward to see the progress update on that part.

Mostly, nowadays exchanges are losing their transparency by not sending the withdrawals on time. On the same way by keeping the fund within those exchanges is also risky, so we have to be very careful with all these exchanges.

Thats the main reason we have to be very choosy about the exchanges. Bigger and quality projects always lists in such high quality exchanges. Then also you are right, we should not hold our tokens/altcoins there and we should always have control of them. That will give us confidence.

[Nathan01]

Just got this from 47bank telegram group "Beware, fraudsters are mimicking Forty Seven team members' accounts!" this is sad why do people always tend to exploit people please lets all be careful.

This scammers are  everywhere waiting to prey on ones success...
Don't know why people always behave heartless always ready to take someone else sweat and blood only to buy sushi with it?

Crypto really is the wild west, there are so many ways to lose your money if you're not careful. That's what worries governments into taking action, and why there is always talk of regulation. There are so many scam ICO's and dodgy exchanges, it's unreal.

Sometimes are sit down and reason that it might not actually be a bad idea if cryptocurrency is regulated atleast we won't be seeing much of this scams as we do this days and most project will up their game bringing in more competition into it.

On the flip side regulating cryptocurrency defeats the purpose of its creation, anonymity being top of the list and you will get policies stagnating the growth of this sector springing up from different ends... I like the fact that is unregulated please...

A little bit of regulation is currently in place and it's looking tedious already {kyc_verification}

But in the banking sector like 47BK regulations to an extent is not out of place

[cryptossi]

Just got this from 47bank telegram group "Beware, fraudsters are mimicking Forty Seven team members' accounts!" this is sad why do people always tend to exploit people please lets all be careful.

This scammers are  everywhere waiting to prey on ones success...
Don't know why people always behave heartless always ready to take someone else sweat and blood only to buy sushi with it?

Crypto really is the wild west, there are so many ways to lose your money if you're not careful. That's what worries governments into taking action, and why there is always talk of regulation. There are so many scam ICO's and dodgy exchanges, it's unreal.

Sometimes are sit down and reason that it might not actually be a bad idea if cryptocurrency is regulated atleast we won't be seeing much of this scams as we do this days and most project will up their game bringing in more competition into it.

On the flip side regulating cryptocurrency defeats the purpose of its creation, anonymity being top of the list and you will get policies stagnating the growth of this sector springing up from different ends... I like the fact that is unregulated please...

A little bit of regulation is currently in place and it's looking tedious already {kyc_verification}

But in the banking sector like 47BK regulations to an extent is not out of place

47 Bank want private persons, app developers and businesses to invest in their project. They are likely to be the kinds of investors that want top security on their funds and they will want 47 Bank to be ahead of the game with their compliance procedures.

I see your argument for anonymity but for this type of project, the KYC/AML is more than justified.

[Cnote328]

Just got this from 47bank telegram group "Beware, fraudsters are mimicking Forty Seven team members' accounts!" this is sad why do people always tend to exploit people please lets all be careful.

This scammers are  everywhere waiting to prey on ones success...
Don't know why people always behave heartless always ready to take someone else sweat and blood only to buy sushi with it?

Crypto really is the wild west, there are so many ways to lose your money if you're not careful. That's what worries governments into taking action, and why there is always talk of regulation. There are so many scam ICO's and dodgy exchanges, it's unreal.

Sometimes are sit down and reason that it might not actually be a bad idea if cryptocurrency is regulated atleast we won't be seeing much of this scams as we do this days and most project will up their game bringing in more competition into it.

On the flip side regulating cryptocurrency defeats the purpose of its creation, anonymity being top of the list and you will get policies stagnating the growth of this sector springing up from different ends... I like the fact that is unregulated please...

A little bit of regulation is currently in place and it's looking tedious already {kyc_verification}

But in the banking sector like 47BK regulations to an extent is not out of place

I don't like the idea of cryptocurrency been regulated, although it will help reduce scam but the restrictions will be much i think we ought to be careful with our details; who will shared them with, ask question via the proper channels and also conduct personal research.