What is Bankcoin (BANK) | What is BANK coin

WHAT IS / BANKCOIN?

The BankCoin is a key constituent of the system that enables trading, lending and gives access to other upcoming services in the BankCoin ecosystem. BankCoin serves two main objectives: First, the BankCoin is the energy of an internal mechanism of the BankCoin ecosystem. Furthermore, it is part of the governance component of the BankCoin system. Each BankCoin wallet is initially provided with a predefined amount of BankCoin and cannot be used without a minimum BankCoin balance.

We believe there should be an efficient alternative to existing payment and banking systems. Our blockchain-based payments system set purposes to lower financial inclusion obstacles and equip financial services to the banked and unbanked. Our vision is to build the payments and banking platform for the future which can help for the legacy system obsolete, then creating value for the users and the whole world.

The Total supply is 21,000,000 BANK and X11 mining algorithm.

About us

BankCEX is a cryptocurrency exchange and platform focused on driving mass adoption, the end user experience and regulatory compliance. Our mission is to bring opportunity to the masses and drive universal continuity across society through the implementation of blockchain technologies. The BankCEX Platform is built for novice and professional market participants alike delivered through a seamless front end experience and customizable interface.

BankCEX Platform users are empowered through advanced tools and resources making opportunities visible in just a few mouse clicks. Bank is the platforms native utility coin and can be used to unlock exclusive premium features and discounted trading fees up, to 80%. This next generation platform is powered by an exceptional trading engine, capable of processing up to 10 million transactions per second with latency falling below 40 nanoseconds. BankCEX is taking the “wild west” out of the cryptocurrency and digital asset industry, driving the next phase of implementation.

source : https://www.youtube.com/watch?v=fpCEpoVtvxA

WHAT IS ICO?

ICO or Initial Coin Offering is the process to distribute the coin thoroughly at the starting price. As it is the initial process, the price is still affordable. After ICO period, BANK will be traded in the open market. As the number of ICO is always remained at 3M. only, the traders would be able to make profit due to the limited supply and the high demand of digital currencies. Therefore, this is the great opportunities for investors to acquire BANK initially.

The starting date of BANK ICO is December, 20th 2017, and the final date is January, 8th 2018.

BANK ICO released are 3,000,000 BANK starting at $0.5

SAVING SYSTEM

Innovative Saving Program For investors who prefer the fixed return,the self-controlled saving program is another appropriate choice.

Ecosystem

Cryptocurrency Exchange Platform - BankCex

Great experience in building and maintaining financial system that helps us develop a robust and reliable exchange platform from the ground up with security, efficiency, speed and scalability. The platform is built with high standards and achieves highest security. Moreover, customer support is also our priority. We shares responsibilities across the entire staffs and company. When a trader has a problem, they get an answer directly from supporter who knows well and always be ready for supporting immediately.

To avoid getting stuck while ordering, our matching engine is capable of sustaining millions orders per second, making it the fastest exchanges platform and online 24 hours. The cryptocurrency exchange platform has several features such as Spot trading, margin trading, futures etc. which depends on the market needs. It will support for BANK and other coins that have strong credibility, user base and liquidity.

The platform is highly architected to support multiple devices and cross-platform trading clients like Web based, Mobile Apps, PC, rest API etc

Mega Millions Lottery

The BankCoin Global anonymous blockchain Lottery with direct disbursements will aim to become the most popular and transparent blockchain based lottery. We intend to build a favourable, fair and decentralized and transparent lottery platform. Part of the funds raised from the crowd sale of BankCoin coins will be used to fund this project

Would you like to earn many tokens and cryptocurrencies right now! ☞ CLICK HERE

Looking for more information…

☞ Website
☞ Announcement
☞ Explorer
☞ Source Code
☞ Social Channel
Message Board
☞ Coinmarketcap

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#bitcoin #crypto #bankcoin #bank

What is GEEK

Buddha Community

What is Bankcoin (BANK) | What is BANK coin

What is Bankcoin (BANK) | What is BANK coin

WHAT IS / BANKCOIN?

The BankCoin is a key constituent of the system that enables trading, lending and gives access to other upcoming services in the BankCoin ecosystem. BankCoin serves two main objectives: First, the BankCoin is the energy of an internal mechanism of the BankCoin ecosystem. Furthermore, it is part of the governance component of the BankCoin system. Each BankCoin wallet is initially provided with a predefined amount of BankCoin and cannot be used without a minimum BankCoin balance.

We believe there should be an efficient alternative to existing payment and banking systems. Our blockchain-based payments system set purposes to lower financial inclusion obstacles and equip financial services to the banked and unbanked. Our vision is to build the payments and banking platform for the future which can help for the legacy system obsolete, then creating value for the users and the whole world.

The Total supply is 21,000,000 BANK and X11 mining algorithm.

About us

BankCEX is a cryptocurrency exchange and platform focused on driving mass adoption, the end user experience and regulatory compliance. Our mission is to bring opportunity to the masses and drive universal continuity across society through the implementation of blockchain technologies. The BankCEX Platform is built for novice and professional market participants alike delivered through a seamless front end experience and customizable interface.

BankCEX Platform users are empowered through advanced tools and resources making opportunities visible in just a few mouse clicks. Bank is the platforms native utility coin and can be used to unlock exclusive premium features and discounted trading fees up, to 80%. This next generation platform is powered by an exceptional trading engine, capable of processing up to 10 million transactions per second with latency falling below 40 nanoseconds. BankCEX is taking the “wild west” out of the cryptocurrency and digital asset industry, driving the next phase of implementation.

source : https://www.youtube.com/watch?v=fpCEpoVtvxA

WHAT IS ICO?

ICO or Initial Coin Offering is the process to distribute the coin thoroughly at the starting price. As it is the initial process, the price is still affordable. After ICO period, BANK will be traded in the open market. As the number of ICO is always remained at 3M. only, the traders would be able to make profit due to the limited supply and the high demand of digital currencies. Therefore, this is the great opportunities for investors to acquire BANK initially.

The starting date of BANK ICO is December, 20th 2017, and the final date is January, 8th 2018.

BANK ICO released are 3,000,000 BANK starting at $0.5

SAVING SYSTEM

Innovative Saving Program For investors who prefer the fixed return,the self-controlled saving program is another appropriate choice.

Ecosystem

Cryptocurrency Exchange Platform - BankCex

Great experience in building and maintaining financial system that helps us develop a robust and reliable exchange platform from the ground up with security, efficiency, speed and scalability. The platform is built with high standards and achieves highest security. Moreover, customer support is also our priority. We shares responsibilities across the entire staffs and company. When a trader has a problem, they get an answer directly from supporter who knows well and always be ready for supporting immediately.

To avoid getting stuck while ordering, our matching engine is capable of sustaining millions orders per second, making it the fastest exchanges platform and online 24 hours. The cryptocurrency exchange platform has several features such as Spot trading, margin trading, futures etc. which depends on the market needs. It will support for BANK and other coins that have strong credibility, user base and liquidity.

The platform is highly architected to support multiple devices and cross-platform trading clients like Web based, Mobile Apps, PC, rest API etc

Mega Millions Lottery

The BankCoin Global anonymous blockchain Lottery with direct disbursements will aim to become the most popular and transparent blockchain based lottery. We intend to build a favourable, fair and decentralized and transparent lottery platform. Part of the funds raised from the crowd sale of BankCoin coins will be used to fund this project

Would you like to earn many tokens and cryptocurrencies right now! ☞ CLICK HERE

Looking for more information…

☞ Website
☞ Announcement
☞ Explorer
☞ Source Code
☞ Social Channel
Message Board
☞ Coinmarketcap

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#bitcoin #crypto #bankcoin #bank

Banking App Development Cost - 8 Hidden Factors

Since 1994, Digital banking has been here. It is a very long time, but digital banking through mobile devices is entirely new to the banking industry. It all started when Atom became the first digital-only bank in the UK.

Nowadays, Tech-savvy customers expect corporations to support their digital movement, and because of this, almost every industry has adopted technologies to stay relevant with these modern customers. Most of the newbies who plan to develop a banking app have two questions in mind: “What is the cost of developing a banking application” and “Which hidden factors affect the cost of developing a banking app?”

You can get all the answers to these questions here, because this article will take you through the cost of developing a banking app, the features of banking apps, and much other pertinent information. After reading this, you will be able to plan better for your mobile banking app development. But before directly jumping into the cost of mobile banking app development, let’s take a look at the global digital payment market size of mobile banking.

Global Digital Payment Market Size

According to GlobalNewsWire, by 2026, the Global Digital Payment Market size is estimated to reach $175.8 billion, rising at a market growth of 20% CAGR during the forecast period.

Around 23% of millennials use mobile banking apps daily.
Around 49.2% of total smartphone users use mobile banking apps.
41% of Americans said that mobile banking apps had minimized their concerns about managing finances.

Banking app development cost

Data Source: Statista

As you can see, the data clearly indicates that the percentage of smartphone users are increasing day-by-day. Therefore, by engaging in your own mobile banking app development currently, you will be able to take advantage of the growth in mobile users. But, the cost of developing a banking application depends on so many factors like the platform, features, technologies, and so on.

Mobile banking app development cost

Cost of developing a banking app depends on various factors. To give you a rough idea of the mobile banking application development cost, the total development time for a fully-featured app sums to 3760 hours. Considering hourly rate for fintech projects of $25, the cost of developing a feature-loaded banking app stands around $94k.

Banking Application Development Cost depends on different phases such as:

  • Research and Planning
  • UI/UX Design
  • Development
  • Testing
  • Maintenance and Support

8 Hidden Factors of Costs of Mobile Banking App Development

1. Push Notifications

It’s not easy to imagine an app that does not utilize this necessary mobile capability. Push notifications always increase your users’ engagement with your mobile banking app and encourage the desired action. Push notifications are of three types:

  1. Transactional notifications notify users about their account updates.

  2. The Application-based notifications indicate when the mobile banking app requires the user’s attention, whether related to the password change requests or document submissions.

  3. Promotional notifications are to grab the attention of customers to offer discounts and attractive deals.

2. Chatbot Integration

For most users, mobile banking has a steep learning curve, and due to that, the customer will require immediate assistance on various occasions. Hence, creating a chatbot for customer service is the best way for many institutions to improve their customer service availability. The chatbots will save you a lot of time and money, whilst providing customer support 24/7. But this feature has a separate development process, and therefore you have to pay separately for this.

3. Servers

Servers are where your mobile banking app will be hosted. If you are not with the largest enterprises, you will want to outsource hosting from Amazon, Azure, or Google, which will result in more costs.

4. Content Delivery Network

A CDN is a system that is used to deliver content to the app based on the origin of the content, the content delivery server, and the geographic location of the particular user. In simple words, if you have users across the globe, and they have to keep coming back to one far off location to access the content, then the app will not perform in a good way. So, if you want your mobile banking app to perform effectively, you should use a content delivery network, because it reduces the app loading time and also increases the responsiveness of the app.

5. Development Tools

If you want to use paid deployment tools like iBuildApp, Appy Pie, and IBM MobileFirst, to develop your mobile banking apps, you will need to subscribe to them over the lifespan of your app. This will also affect your banking app development cost.

6. Android and iOS Updates

As we all know, both platforms constantly release updates, and those updates require maintenance. Depending on the extent of maintenance required, the cost in the long-term can sometimes be significant.

7. APIs

Every mobile app usually has multiple third-party APIs that they interact with, especially at the enterprise level. If you make changes to any of these applications, they will require periodic maintenance of your APIs. For instance, Facebook updated their API version four times in 2016; now, what if you want to integrate with Facebook? You will need to update your app to accommodate those changes.

8. Bugs

As you know, every app has bugs, and not even a single developer can assure you that there will be no bugs in the future in your app. It’s just that sometimes they go undiscovered for months or even years. User communities are not kind to apps that are slow to address the issues that they have reported.

Conclusion

The cost of banking application development not only depend on the features of the banking application, but they are also heavily affected by the hidden factors I have mentioned. The primary issue with mobile banking app development cost is the amount of individual components that you need to gather. Each of them can cost thousands of dollars, and these costs will continue throughout the lifespan of your app. However, the rewards that come from a successful mobile banking app development project are huge.

Pro Tip: The cost of developing a banking application greatly depends on the hourly rates of programmers and the expertise of the team. FinTech experts are able to complete these projects much more efficiently.

#banking app development cost #banking application development cost #cost of developing a banking app #cost of developing a banking application #mobile banking app development cost #mobile banking application development cost

sophia tondon

sophia tondon

1620907027

Top 5 Banking & Financial Software Companies, Enterprises Must Consult In 2021

The usage of banking applications has prudently increased across the world. Fintech worldwide transaction value is expected to surpass $8 million. Being the fastest growing market, it has become a major investment interest among people.

Owing to that banking software development trend is booming tremendously. Altogether, the demand for financial software companies’ services is also increasing.

Read More - https://www.valuecoders.com/blog/top-and-best-companies/top-banking-financial-software-companies/

#banking software companies #banking software applications #banking software development #banking software development companies #banking software development services

sophia tondon

sophia tondon

1624593005

Top 5 Banking & Financial Software Companies, Enterprises Must Consult In 2021

The usage of banking applications has prudently increased across the world. Fintech worldwide transaction value is expected to surpass $8 million. Being the fastest growing market, it has become a major investment interest among people.

Owing to that banking software development trend is booming tremendously. Altogether, the demand for financial software companies’ services is also increasing.

**following stats show how this marketing place is changing.
**

o Worldwide, Almost 25% of people have an idea about Blockchain technology and its significance in Fintech.

o Per Goldman Sach, the worth of Fintech is estimated to be $4.7 trillion.

o Globally, there are around 12,000 opened fintech startups.

o Ant Financial is the world’s biggest fintech company, which is boasting a net worth of more than $60 billion, giving more than 10,000 jobs.

o Worldwide 46% of companies agree that AI is one of the most relevant technologies for investment.

o 46% of customers are using digital platforms and channels for personal banking enthusiastically.

From the above, it is clear that Fintech is a growing trend, and banking institutions must adopt tech trends to fulfill its customers’ expectations.

For this, banking institutions must adopt software development services from reliable & reputable banking software companies.

Though finding the right banking software development company is quite difficult, as there are a number of companies that promise expertise and quality but don’t get on expectation. If you are looking for banking software companies, don’t worry! As here, I am enlisting the top 5 banking software development companies.

The following companies I have selected by considering the following aspects:

o Experience in years and expertise (Average 8+ years)
o Technology support
o Awards and recognition received
o Rating on forums
o Services
o Hourly Price

Apart from these, I have been through a number of websites and lists enumerated for fintech and banking software development.

Top Banking & FINANCIAL Software Development Companies In 2021

As one of the top banking software companies, it’s goal is to implement & leverage its expertise in delivering one-of-a-kind financial software solutions, including payment gateways, banking system portals, digital wallets, bot financial advisors, and more. Valuecoders has more than 16 years of experience in custom software and fintech solution development; with a team of more than 450+ technology experts, they deliver increased data security and optimized ROI.

They deliver the best Fintech software solution and custom software development services to the world’s leading businesses and enterprises. The company has already delivered a blockchain-based fund transfer system called LipChain and many different types of banking solutions that enable easy and secured fund transfer. Its clientele includes 2,500 global business leaders, including small, medium enterprises, financial institutions, and more.

Read More - https://www.valuecoders.com/blog/top-and-best-companies/top-banking-financial-software-companies/

#banking software companies #banking software applications #banking software development #banking software development companies #banking software development company

Gerhard  Brink

Gerhard Brink

1624272299

How Big Data and Open Banking Are Combining To Bring a New Era of Fintech-Driven Banking

For a long time, consumers expected personalization of their digital experiences, however, the pandemic has added a new layer of urgency to these expectations.

Introduction

The rise of technology and digital services has led to increasing customer demands for simplicity and speed. Banks and financial services institutions are continuously searching for new ways to retain and attract customers while aiming to respond to heightened consumer demand for personalized services. For this reason, customer-centric offerings continue to dominate the financial technology (FinTech) landscape.

Personalization takes advantage of real-time data and cutting-edge technologies to deliver product or service information to customers. In an extremely competitive financial services sector, there is more pressure than ever for FinTech companies to provide customers with a better experience.

A truly personalized financial experience is powered by data that can be harvested and meaningfully translated to create an individual experience. Open banking is also giving organizations a way to gain customer consent in order to access and interpret their financial data.

The socio-economic effects of the COVID-19 pandemic have revealed new changes in consumer spending. It has long been the case that consumers expected mass personalization of their digital experiences, however, the disruption to the global economic landscape caused by coronavirus has added a new layer of urgency to these expectations. Organizations must be able to adapt and innovate quickly to meet the demands of an evolving FinTech sector.

#big data #finance #accounting #fintech #bank #banking apps #banking business solution