Bankera is building a digital bank to last for the blockchain era. As a traditional bank, Bankera's services fit into three groups: payments, loans and deposits, and investments.
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.
Success Advisor to Blockchain Startup Project Teams. Rated on 10 Jan 2018
3
3
4
10%
while I like the idea, it appears as though the development of the product is limited in terms of resources. A larger dev team would be required to compete in this heavily occupied space with lots of competition.
Co-Founder & VP Business Development at Koinsquare | Marketing Manager at AidCoin | Campaign Success Manager at 200 Crowd | Advisory Board Member Rated on 19 Feb 2018
5
4
3
9%
The team in my opinion is abosolutely good thanks the enviroment where the project is developing. The vision is quite interesting because it offers something needed, there's not yet bank on the blockchain industry. The product is a little bit good, I don't like very much the centrelized idea.
ICO Expert & Advisor | Business Development Consultant | Marketing Strategist Rated on 13 Jan 2018
3
4
4
7%
We are seeing good symbiosis of Fintech/ICO project. The team, as we can see has already useful experience from SpectroCoin, which mean at least knowledge of what they are doing. Still it is one of the hottest potatoes in this sector - competing the traditional banks!
Insufficient information on WP for "Finances" - big numbers/cost for wages, 200 employees in 1st year.
Really strange to NOT see the CEO and CTO, advocating for their own project on some social network (at least having their positions listed there)
Team is very ambitious and I like it, but I placed 4 because of its youth. In other terms I'm sure that this project will have great success in future.
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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.
2
PRE-ICO - August 28th - September 28th
10% of the tokens will be distributed to determine the price of the ICO.
3
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.
4
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.
5
BANKING CAPABILITY - early 2019
After the ICO, a banking license will be obtained. This will allow us to offer loans and deposit services.
6
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.
7
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.
