Products for Private People
Figure 1 below shows the range of products and services Forty Seven Bank will direct to private individuals.
Access to the application platform Multi-asset account
Account Management Card Management Portfolio Management FIAT and Non-FIAT Deposits FIAT Loans
Insurance Transfer
History Retreats
Curr Converter
Investments and Corretora Billing
Smart ATMs Smart Support
Fig. 1: Possibilities provided by Forty Seven Bank to individuals.
By virtue of the new banking regulations and the decentralization of services that optimize communication between the parties to the transaction, the PSD2 directive imposes significant operational changes and creates a single digital market in Europe, where consumers can conduct their financial management from the platform that aggregates previous individual services. Forty-seven banks, in this case, stand out because of the services of digital encryption transactions and processing support. Forty Seven Bank customers will have the opportunity to analyze and manage all financial transactions in fiat and nonfiat currencies using flexible analytical functions of our intelligent software. For technically advanced customers, you'll be able to manage a bank account via the API.
White Paper
Products and Services Page 13
Products for Private People
Account Management
Forty Seven Bank customers will have many possibilities related to account management. Having access to only one application, one customer will have access to all of their accounts at different banks in one place - it will be easy to manage personal finances in this way. In addition, a customer will have access to all of their encryption portfolios, investments in traditional financial assets (stocks, bonds, commodities, etc.) and credit or debit cards. This is a featured product displayed by the bank and is called the "Multi-Asset Account". The product will reduce the complexity of using daily types of assets by centralizing all the financial activities of our private customers in our unique system. It will be easy to quickly transfer funds from one fiat currency to another, or from fiat money to a digital currency, or vice versa. In addition, transaction costs will be substantially reduced by doing so at Forty Seven Bank. Our application platform will also allow customers to use a variety of analytical applications that can help manage personal finance.
Revenues
Forty Seven Bank will support its customers who are transporting small products and services as individuals without having a company. Such individuals can be freelancers, copywriters, developers, translators, craft professionals, etc. The bank will provide easy-to-use and simple billing services for these customers. When using the service, a customer can issue invoices automatically and receive fiat and nonfiat funds to cover them.
Deposits and Loans
The bank will deposit deposits and loans in traditional fiduciary currencies such as EUR, USD, and others, as well as in non-fiat digital currencies such as BTC, ETH and others. At present, there is no financial institution in the world that is launching similar products in non-fiat digital assets, while we see that there is enormous potential in the development and introduction of classic banking products for nonfiat digital coins.
Investments and Correction
Individual clients will have opportunities to create and manage their investment portfolio using investment and brokerage services provided by Forty Seven Bank. The bank will develop its own exchange as well as exchange exchanges that can be connected by using the Forty Seven Bank platform via the API.
FOR DETAIL INFORMATION
Website: https://www.fortyseven.io/
Facebook: https://www.facebook.com/FortySevenBank/
Twiter: https://twitter.com/47foundation
Telegram: https://t.me/thefortyseven
Medium : https://medium.com/@fortyseven47
ANN : https://bitcointalk.org/index.php?topic=2225492
Whitepaper: https://drive.google.com/open?id=0BzvESRkgX-uDeHc1QjRzbHRBelU
BTT Link Profile : https://bitcointalk.org/index.php?action=profile;u=1318848;sa=summary