Bankera Bankera

Bankera

Created using Figma
Created using Figma
Bankera aims to revolutionize banking by taking advantage of what blockchain technology has to offer while still focusing on scale. This means that Bankera seeks to become a one-stop store for all financial services, in the same way traditional brick and mortar banks are now, while using technology to reduce the number of counterparties and thus lowering the cost of banking for the end consumer. The adoption of blockchain technology will also allow Bankera to offer new and unique solutions to its customers.
Nov 26, 2017
Feb 28, 2018
100% completed
$150 949 194
68% cap completed
Cap 221 400 000 USD
past

About Bankera

Digital technology has changed the face of finance. Most notably, perhaps, the birth of Blockhain has enabled us to digitalize money via cryptocurrencies such as Bitcoin. There have been many attempts to apply Blockchain technology to revolutionize other finance sectors. However, so far, most FinTech companies have been focusing only on a certain niche (e.g. remittances or lending) as they cannot take advantage of economies of scale enjoyed by traditional banks. Traditional banks, although have the funds, are not as fast at adopting new technologies as they are held up by legacy systems.

Bankera aims to revolutionize banking by taking advantage of what blockchain technology has to offer while still focusing on scale. This means that Bankera seeks to become one-stop store for all financial services, in the same way traditional bricks and mortar banks are now, while using technology to reduce the number of counterparties, thus lowering the cost of banking for the end consumer. Adoption of blockchain technology will also allow Bankera to offer new and unique solutions to its customers.

Services
Bankera will offer three core lines of services:

  • Payments including payment accounts with personal IBAN, debit cards, interbank foreign exchange rates and payment processing. All services will support both traditional fiat currencies as well as cryptocurrencies such as Bitcoin, Ether, DASH, XEM, ERC20 compliant tokens and others. In the long term, Bankera will implement innovative solutions as gross-domestic-product (GDP) linked currencies or use equity traded funds as a substitute for money.
  • Loans and deposits will be a key competitive edge as well as core service of Bankera. Not only saving, but also current deposits will receive interest. All Bankera clients will be able to benefit from higher interest rates due to proprietary information about borrowers' cash flows as most loans will be given to business clients of payment processing solution.
  • Investments solution will consist of low-cost investment products such as equity traded funds (ETFs), crypto-funds (a portfolio of various cryptocurrencies and crypto tokens) as well as roboadvisory solutions for wealth management. Later on, Bankera will offer investment banking services including financing corporate strategies of our business clients.

Status Quo of Bankera

Bankera will be operational and will have significant IT infrastructure in place prior to the initial coin offering (ICO).

Bankera already has the necessary regulatory and IT arrangements to offer individual international bank account numbers (IBAN) which can accept and make payments in the Single Euro Payments Area (SEPA). Bankera also offers competitive foreign currency exchange rates, quick and cost effective international bank wires as well as having the “Bankera Payment Card” linked to cardholder’s payment account.

All of these services can be tested at SpectroCoin, cryptocurrency exchange, e-wallet, debit card and payment processor provider of which Bankera will be an operational fork. What has been developed so far will serve as a minimum viable product for Bankera to begin operations. However, to achieve its goal to become a fully operational bank service, Bankera needs to obtain capital.

Features

Bankera is building a digital bank to last, the focus will be on the scale, elimination of counterparties and offering core banking services such as savings and loans accounts.
To achieve these goals, Bankera will apply for additional banking licenses in key jurisdictions to be able to operate in a spectrum of different fiat currencies and facilitate cross-border transactions without the need for counterparties.

Technical Info

Technical details:  The core elements of Bankera’s current technology include modules for SWIFT messaging, SEPA payments, payment cards integration, bank’s ledger, Bitcoin, Ethereum, DASH, NEM modules, fraud analytics and more. The source code:  The code is not available. Proof of developer:  Public Team

Roadmap

  • DEVELOPMENT OF IT INFRASTRUCTURE

  • The required IT infrastructure to facilitate payment processing and issue personal IBANs or payment cards have already been developed and are available as a minimal viable product (MVP) in the form of SpectroCoin.
  • PRE-ICO - August 28th - September 28th

  • 10% of the tokens will be distributed to determine the price of the ICO.
  • E-MONEY CAPABILITY - September-October

  • Support of full P2P transfers, mobile wallets and the start of membership application of the major payment networks such as card schemes and remittance networks.
  • INITIAL COIN OFFERING - mid-October

  • 30% of the tokens will be distributed to solve the capital issue so that we can build a successful bank for the blockchain era.
  • Read More
  • BANKING CAPABILITY - early 2019

  • After the ICO, a banking license will be obtained. This will allow us to offer loans and deposit services.
  • INVESTMENT SOLUTIONS - late 2019

  • The launch of services related to low-cost investment solutions such as equity traded funds (ETFs), cryptocurrency and crypto token funds as well as robo advising.
  • NEW TYPES OF MONEY - 2020

  • The synergy between investment and payment products will offer new types of money such as economic growth linked currency or usage of ETFs as a medium of exchange.

Materials

Bankera

Activity

Status:
Full Member
MEDIUM
Activity:
294
HIGH
Merit:
101
MEDIUM
Posts:
3 282
VERY HIGH
Views:
96 709
VERY HIGH
Posts:
199
MEDIUM
Followers:
38 809
VERY HIGH
Likes:
36 833
VERY HIGH
Rating:
4.60
VERY HIGH
Reviews:
670
VERY HIGH
Followers:
24 182
VERY HIGH
Tweets:
2 070
VERY HIGH
Members:
19 660
VERY HIGH
Alexa
Rank:
55 042
VERY HIGH
Delta:
31 212

Team

Verified 0%

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VP for Business Development
unverified
VP for Business Development
unverified
Tse
Hsin Lu - VP for Communication
unverified

Advisors

Verified 0%

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Last News

4.26

positive
5.0 7
ICO Profile Vision Activity Potential Product Team
Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

BANKERA is banking for the block chain era which tends to revolutionize financial services.

PROS:

  1. Allows for service provision using the traditional fiat and other crypto currencies
  2. Lowers investments cots on products
  3. Improves cash flow by extending the finance for payment process
  4. Provides relevant retailers in developing countries
  5. Reduced fraud through Know  Your Client(KYC) propriety  and adequate screening
  6. Good team

CONS:

  1. Subjected to change as all the planned services are offered with an exception of offering deposits and investments
  2. Lacks Electronic Money Institution (EMI) hindering it from depositing and issuing loans

SUGGESTIONS:

  1. Acquire all the necessary licenses for the effective application of the project by the users
  2. The services offered to the users should be satisfactory with no restrictions
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