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Forty Seven Bank

Ended
Ended: Mar 31, 2018

Forty Seven Bank is revolutionary financial technology start-up that will build a bridge between cryptocurrency world and the world of traditional monetary finance. We will create App Platform for fintech developers that will be connected to the bank's API.

Blockchain-based Innovative Financial Technology Start-up

Forty Seven Bank is financial technology start-up aimed at building a bridge between cryptocurrency world and the world of traditional monetary finance. It will be the first officially registered (at FCA, UK) financial institution to serve the needs of cryptocurrency holders. We will unite financial operations of our clients in both - cryptocurrencies and fiat money under the roof of Forty Seven Bank and give both communities wide range of opportunities for their financial management, analysis and control of all their assets at one place and via one application. Our team has successful experience of creating financial technology products and authorizing them at Financial Conduct Authority in the United Kingdom.

We are connecting financial worlds

The mission of Forty Seven Bank and management team is to provide safe, innovative and user-friendly financial services and products to our customers – individuals, businesses, developers, traders, financial and governmental institutions. Forty Seven Bank is a bridge capable of connecting two financial worlds and establishing efficient communication between them, a communication that will open up possibilities to level up whole modern financial system.

Forty Seven Bank will be the first officially registered financial institution in the world that would serve the interests of cryptocurrency holders. We will create Payment Services Directive 2 (PSD2) compliant innovative infrastructure with flexible API that will allow developers to create their fintech applications and white label products and services under the roof of Forty Seven Bank. Apart from that we will work with individuals, businesses, traders, as well as with other financial institutions and even governments.

Website

fortyseven.io

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Intro Video

ICO Details

Ticker Symbol:
FSBT
Platform
Ethereum (ERC20)
Accepts:
ETH, BTC, Fiat
Soft Cap:
3,600 ETH or 18,000 ETH
Hard Cap:
36,000 ETH or 360,000 ETH
Country:
Latvia
Bounty:
local_activity Forty Seven Bank Bounty Info
Total supply
11,063,829 FSBT

Public Crowdsale

Ended
Date Sale:
Nov 16, 2017 — Mar 31, 2018 @ 135 days
Sale Avalable Tokens:
101,063,830 FSBT @ 913.5%

ICO Overview

About Forty Seven Bank Forty Seven Bank will be a fully digital innovative branchless financial institution which complies with all EU directives, Basel III, Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and Bank of England requirements. The bank is going to be specialising in digital finance services by fully supporting cryptocurrencies and traditional fiat currencies. Basic cryptocurrency procedures include sale and purchase features, investment and exchange options and crypto-saving and current accounts. Multi-Asset Account will be one of the featured innovative products oered by Forty Seven Bank – it will allow customers to have access to all their accounts in dierent banks and crypto wallets as well as to their investments and savings in cryptocurrency and fiat equivalents via single application. It will be possible to operate with each asset type accordingly by having only one Multi-Asset Account at Forty Seven Bank. We will oer unique crypto products like bonds, futures and options. Our goal is to invent such market- place and take the leading position in both short and long-term perspectives. Companies will be able to attract finances via product invented by Forty Seven Bank – Cryptobonds. Cryptobonds will be traded on various exchange platforms (mainly at the one developed by Forty Seven Bank).

The mission of Forty Seven Bank and management team is to provide safe, innovative and user-friendly financial services and products to our customers – individuals, businesses, developers, traders, financial and governmental institutions. Forty Seven Bank is a bridge capable of connecting two financial worlds and establishing efficient communication between them, a communication that will open up possibilities to level up whole modern financial system.

Telegram members

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Team

Alexander Chernyakev...
Artem Kushik
Business Analyst, Crédit Agricole CIB
Igors Astapchiks
Co-Founder, COO
Morten Hansen
Head of Economics Department, Stockholm School of Economics in Riga
Nana Zhang
Community Manager (Asia)
Dmitry Dudin
Head of Products and Services Development Department, XB Software
Kristiāna Štauere
Lead Analyst
Inna Krievane
Financial Analyst, Argus Vickers
Lilija Kovaļčuka
Art Director
Anton Azamatov
Chief Technical Officer
Vladimirs Tomko
Chief Marketing Officer, Member of the Board
Jevgenijs Plams
Blockchain Developer
Steven Coogan
Aleksandrs Malins
Chief Executive Officer
Mihails Skoblovs
Chief Financial Officer, Member of the Board
Edgars Abols
Chief Legal Officer
Aristoteles Vargas Daza
Co-Founder
Jevgenijs Lesevs
Head of Internal Audit
Rinat Arslanov
Evgeny Bezgodov
Chief Operational Officer, Deiteriy
Aristoteles Vargas
Head of Financial Market Development
Vitalijs Grundsteins
Project Manager
Igors Danilovs
CFA, Senior Portfolio Manager, Swedbank
Igors Astapčiks
Chief Operational Officer
Alexander Chernyakevich
Chief Technical Officer, Scand
Eva Iova
Creative Director, IOVA

Roadmap

  • October 2016

    Elaboration of concept of a modern bank that will work with cryptocurrencies and fiat money
  • February 2017

    Formation of a team, research, market analysis
  • March 2017

    Detailed project plan elaboration
  • April 2017

    Bank’s financial model construction, preliminary calculations
  • May 2017

    Idea of administering project’s crowdfunding
  • June 2017

    Preparation of documentation for crowdfunding administering
  • October 2017

    Start of crowdfunding via Token Launch
  • December 2017

    Successful completion of Token Launch, summing up
  • January 2018

    Procedures elaboration and creation of document base for the company
  • February 2018

    Software infrastructure deployment
  • April 2018

    Applying for EMI, PI authorisation at FCA
  • May 2018

    Integration with SWIFT system
  • June 2018

    Certification according to QSA PCI DSS Level 1 standard
  • July 2018

    Obtaining EMI, PI licenses, and authorisation for activity from FCA
  • August 2018

    Launch of services for FSBT tokens holders
  • September 2018

    Launch of services for private clients
  • November 2018

    Submission of documents to obtain banking license
  • May 2019

    Obtaining banking license, launch of services for business clients
  • June 2019

    Start of providing full-scale banking services

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