BANABA BANK.



Banaba Bank starts with the purpose of providing global financial services with stable virtual assets. 

BANABA will establish a virtual asset bank based on blockchain technology to ensure the reliability and transparency of the transaction.

Reduce financial risks and maximize rewards for participants in the BFC ecosystem.

Banaba Bank's business model aims to provide various financial services. 

It offers virtual assets service within the services of general Mutual saving banks and investment banks.


Banaba Bank will provide Internet banking and application-oriented services appropriate for the UNTACT life.

Also, there will be an AI counseling chatbot to provide customer service.


Besides, Banaba Bank will fully equip with resources, such as capital, professional experts, and computer systems that meet the requirements for establishing a savings bank.

BANABA Bank will legally proceed in various financial projects under the approval of the Financial Services Commission.

Several economic indicators have already revealed that virtual assets and blockchain technology are no longer a fictional market,

But we are in the middle of the Fourth Industrial Revolution.

Blockchain technology is more unpredictable and is progressing faster than ever due to the global pandemic.


In the current market situation, Banaba Bank will act as a safe and reliable intermediary for people by combining blockchain technology with existing financial banking services to present a new paradigm in the virtual asset financial market.



Start with BANABA BANK,

Pioneering the virtual asset bank market!



 BLOCKCHAIN TECHNOLOGY 

 CRYPTO-CURRENCY 

 TRUST and SECURITY 

BANABA BANK.


Banaba Bank starts with the purpose of providing global financial services with stable virtual assets. 

BANABA will establish a virtual asset bank based on blockchain technology to ensure the reliability and transparency of the transaction.

Reduce financial risks and maximize rewards for participants in the BFC ecosystem.

Banaba Bank's business model aims to provide various financial services.  It offers virtual assets service within the services of general Mutual saving banks and investment banks.


Banaba Bank will provide Internet banking and application-oriented services appropriate for the UNTACT life. Also, there will be an AI counseling chatbot to provide customer service.


Besides, Banaba Bank will fully equip with resources, such as capital, professional experts, and computer systems that meet the requirements for establishing a savings bank.

BANABA Bank will legally proceed in various financial projects under the approval of the Financial Services Commission.

Several economic indicators have already revealed that virtual assets and blockchain technology are no longer a fictional market,

But we are in the middle of the Fourth Industrial Revolution. Blockchain technology is more unpredictable and is progressing faster than ever due to the global pandemic.


In the current market situation, Banaba Bank will act as a safe and reliable intermediary for people by combining blockchain technology with existing financial banking services to present a new paradigm in the virtual asset financial market.



Start with BANABA Bank, pioneering the virtual asset bank market.!


 BLOCKCHAIN TECHNOLOGY 

 CRYPTO-CURRENCY 

 TRUST and SECURITY 

The concept of BANABA BANK


Banaba Bank aims to establish a virtual asset bank that is officially licensed by the Financial Services Commission.

Banaba Bank operates a comprehensive online-specialized service for retail finance, allowing depositors to earn profits and transfer remittances internationally with a small fee.

Banaba Bank provides debit cards, check cards, and credit card services through a partnership with card companies and provide other banking services through open banking services in the upcoming future. Banaba Bank aims to provide myriad options to increase the portfolio value by distributing various virtual assets services and traditional bank services to create a user-centered financial ecosystem.


Banaba Bank will establish based on centralized financial services. The current Defi platform has limitations in completely replacing the existing financial services with blockchain-based technology. The BFC Project Group decided to establish Banaba Bank through the board of directors, as it expected that if the speed, liquidity, and security of the system can be improved, it could reduce the limitations of the traditional financial market. Therefore, Banaba Bank combines virtual assets financial services with existing commercial banking services such as online deposit and loan transactions, currency exchange, card, transfer, ATM withdrawal, and investment bank services. Banaba Bank's virtual assets financial service aims to safely store entrusted virtual assets keys, using smart contracts in limited areas where blockchain technology is needed, such as interest payment, Implementation of deposit options related to goods, and immediate verification for KYC/AML. Banaba Bank provides centralized virtual asset transactions, virtual asset entrustment, C2C transactions, and OTC transactions.


Besides, BFC issued by the BFC Project Group is using for fee payment, interest payment, acquisition, and as a means of compensation within Banaba Bank.

BFC is using as a means of payment and reward within BANABA Bank.



Banaba Bank is a 100% non-face-to-face digital virtual asset bank based on online App & Web.


The head office will be located in Jeju Special Self-Governing Province, and there will be no separate branch. The customer center operates a digital-based customer financial center by applying the latest ICT technology.


BANABA Bank provides services 24 hours a day, 365 days a year including night/weekends, Counseling services are providing through machine learning and artificial intelligence chatbot. Also, Banaba Bank is a debit payment system that transfers through its bank network instead of a card network, allowing the customer to pay anywhere with a smartphone.


The Security System


Banaba Bank builds a reinforced security system to provide centralized financial services.

All personal information will be encrypted such as resident registration number, account/card number, phone number, and e-mail. By building a dual system, internal business networks and commercial Internet networks are completely and physically separated to enhance the Banaba Bank security level. Moreover, the top priority of Banaba Bank is consumer protection. From planning new products to consumer protection, Banaba Bank will establish a preliminary consultation system and operate our financial consumer protection council, putting civil affairs and consumer protection as the priority.

Banaba Bank also aims to strengthen the security of the private keys while maintaining a centralized method. A concrete and efficient security enhancement for the private key can be a fundamental answer to the hacking problem.

Therefore, practical alternatives for private-keys security are the security that using hardware devices and software technology.

There are software technologies such as multi-authentication and multi-signature for countermeasures. Countermeasures are using hardware devices, include Hardware Security Modules and Trusted Platform Modules. Therefore, the use of hardware devices for private keys security removes threats to cryptocurrency assets, it acts as a catalyst for the blockchain market revitalization. Hardware Security Modules is a hardware device to create and manage information requiring confidentiality by mounting a cryptographic process inside the hardware. Keys and algorithms necessary for encryption and decryption are stored in the HSM. To maximize the security of the operation, all operations are only allowed to be performed inside the HSM. Banaba Bank aims to establish itself as a representative virtual asset bank through preoccupation in the domestic market by introducing crossover-type comprehensive financial services to the existing mutual savings bank business model.

The goals of BANABA

BANK



Banaba Bank provides retail finance and virtual asset banking services to individual and corporate clients through an online web/app platform.

The customer could experience traditional banking services such as deposits and installments, transfers, cards, loans, and virtual assets services such as a coin-to-coin swap (C2C), settlement, remittance, and custody.

Plus, Banaba Bank analyzes itself and provides services for users to have an appropriate financial life even if they do not perform any actions.

With real-time tracking, information is providing in a more advanced way from simple user information tracking.

Moreover, it can check the individual financial life patterns of each customer with a Data-based customized system.

In addition, Banaba Bank can open an account (Korean won) and will support foreign currencies (US dollars, euros, Japanese yen, Chinese yuan, etc.) in the future as the liquidity expands.

Moreover, this cryptocurrency is equivalent to the bank's average deposits and will provide access to all deposit products.

Besides, additional altcoin services will also be expanded through strict in-house Due Diligence (DD).



BANABA BANK Service


Banaba Bank is a non-face-to-face Mutual Savings Crypto Bank that integrates virtual asset financial services based on the existing banking business, and it complies with the laws and regulations of the Korean Financial Services Commission and strict KYC/AML to provide safe and convenient comprehensive financial services to customers.

 Traditional Banking Service 


Term deposit: Deposit products that can receive high-interest rate by depositing surplus money for a certain period


BNB3 term deposit: 1-year term deposit with an increasing interest rate (increase every 3 months) with less damage in case of early termination


Recurring deposit: A convenient product to make money by deposing a fixed amount every month or every day into their recurring deposit account.


BNB6 Recurring deposit: Periodic Recurring deposit for which the applied interest rate increases every 6th units, with less damage in case of early termination

Ordinary-deposit: Ordinary deposit Products with free deposit and withdraw without restrictions on the deposit period


Savings account: A deposit that allows temporary funds to be entrusted at the actual tax rate and is an optimal product for short-term funds management


Corporate Free Savings Deposits: A product that is free to deposit and withdrawal, it is convenient for depositing temporary surplus funds for companies


Installment of credit: A convenient product that allows you to receive loans according to the performance of the bank account with accumulated deposits


Free Reserve Installment Deposits: An Accumulate Deposit Products, the number of payments can be made without limitation on the payment date.

 Loan Product 

 

FAST BNB Money: A quick and simple microcredit loan for the low-credit customer.


Prior Mortgage Loan: A mortgage loan product acquires an apartment as collateral, and has lower sensitivity and loss rate to real estate price fluctuations compared to subordinate mortgage loan


Subordinate Mortgage Loan: A mortgage loan product for individuals and self-employed businesses who need insufficient living or business funds while maintaining apartment mortgage loans from commercial banks


Long-term Rental Deposit Loan: This product is for customers who need to prepare long-term housing money to a higher limit than commercial banks, and for customers who want to use long-term housing deposits as collateral to borrow life funds.


BNB Auto Loan: A financial products that support funds to purchase cars for individuals and self-employed businesses (including new business owners)


Corporate Loan: Corporate loan for small and medium-sized companies.


Deposit Secured Loan: When urgent funding is needed, customers can easily borrow the deposit in their name as collateral without intermediate cancellation of the deposit, and freely repay the deposit at any time without a cancellation fee within the expiration date of the deposit. In addition, Banaba bank provides corporate merger, purchase, brokerage, and arrangement services, supports credit cards, debit cards, and app cards, and its own payment system.

 Crypto Asset Financial Service 


Virtual Asset Deposit & Withdrawal Service: Banaba Bank provides deposit and withdrawal services for major virtual assets such as BFC, Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Litecoin (LTC), and Stellar Lumen (XLM). The service will perform through Banaba Smart Wallet in the banking system, and smart contracts will apply to Ethereum-based virtual assets.

Staking Service: Staking refers to contributing to data verification by locking up virtual assets on the blockchain. The virtual asset staking program provided by Banaba Bank allows you to gain additional profits without giving up access to the virtual assets you held for long-term investment. Moreover, if the amount of the virtual assets you hold increases, it might cause an increase in the coin price.


Lending service: It is designed in a structure that allows you to set up collateral with a smart contract when storing virtual currency in Banaba Smart Wallet. Members who pass the KYC identification of Banaba Bank can use the lending service without a separate registration.


Custody Service: Custody service provides a service that can cancel without a mandatory deposit period if you own a certain amount of virtual assets in a dedicated wallet. It is a blockchain-based custody service that has undergone thorough Banaba KYC authentication and supporting real-time transactions of personal virtual assets. Moreover, exchange, institutional, over-the-counter (OTC) and escrow services will be added through advanced development in the future.

* This Homepage is a formal contracted with BANABA HOLDINGS LTD. It is operated by JK Economic Research Institute.


Headquarter

BANABA HOLDINGS PTE. LTD.

60 PAYA LEBAR ROAD, #08-55, PAYA LEBAR SQUARE, SINGAPORE 409051

Management Company


 



Terms and conditions

Policy of processing of personal information

Copyright ⓒ 2020 BFC. All Right Reserved.


The concept of BANABA BANK 



Banaba Bank aims to establish a virtual asset bank that is officially licensed by the Financial Services Commission.

Banaba Bank operates a comprehensive online-specialized service for retail finance, allowing depositors to earn profits and transfer remittances internationally with a small fee. Banaba Bank provides debit cards, check cards, and credit card services through a partnership with card companies and provide other banking services through open banking services in the upcoming future.

Banaba Bank aims to provide myriad options to increase the portfolio value by distributing various virtual assets services and traditional bank services to create a user-centered financial ecosystem.


Banaba Bank will establish based on centralized financial services.

The current Defi platform has limitations in completely replacing the existing financial services with blockchain-based technology.

The BFC Project Group decided to establish Banaba Bank through the board of directors, as it expected that if the speed, liquidity, and security of the system can be improved, it could reduce the limitations of the traditional financial market.

Therefore, Banaba Bank combines virtual assets financial services with existing commercial banking services such as online deposit and loan transactions, currency exchange, card, transfer, ATM withdrawal, and investment bank services.

Banaba Bank's virtual assets financial service aims to safely store entrusted virtual assets keys, using smart contracts in limited areas where blockchain technology is needed, such as interest payment, Implementation of deposit options related to goods, and immediate verification for KYC/AML. Banaba Bank provides centralized virtual asset transactions, virtual asset entrustment, C2C transactions, and OTC transactions.


Besides, BFC issued by the BFC Project Group is using for fee payment, interest payment, acquisition, and as a means of compensation within Banaba Bank.

BFC is using as a means of payment and reward within BANABA Bank.



Banaba Bank is a 100% non-face-to-face digital virtual asset bank based on online App & Web.


The head office will be located in Jeju Special Self-Governing Province, and there will be no separate branch.

The customer center operates a digital-based customer financial center by applying the latest ICT technology.

BANABA Bank provides services 24 hours a day, 365 days a year including night/weekends, Counseling services are providing through machine learning and artificial intelligence chatbot. Also, Banaba Bank is a debit payment system that transfers through its bank network instead of a card network, allowing the customer to pay anywhere with a smartphone.


The Security System


Banaba Bank builds a reinforced security system to provide centralized financial services.

All personal information will be encrypted such as resident registration number, account/card number, phone number, and e-mail. By building a dual system, internal business networks and commercial Internet networks are completely and physically separated to enhance the Banaba Bank security level. Moreover, the top priority of Banaba Bank is consumer protection. From planning new products to consumer protection, Banaba Bank will establish a preliminary consultation system and operate our financial consumer protection council, putting civil affairs and consumer protection as the priority.

Banaba Bank also aims to strengthen the security of the private keys while maintaining a centralized method. A concrete and efficient security enhancement for the private key can be a fundamental answer to the hacking problem.

Therefore, practical alternatives for private-keys security are the security that using hardware devices and software technology.


There are software technologies such as multi-authentication and multi-signature for countermeasures. Countermeasures are using hardware devices, include Hardware Security Modules and Trusted Platform Modules. Therefore, the use of hardware devices for private keys security removes threats to cryptocurrency assets, it acts as a catalyst for the blockchain market revitalization. Hardware Security Modules is a hardware device to create and manage information requiring confidentiality by mounting a cryptographic process inside the hardware. Keys and algorithms necessary for encryption and decryption are stored in the HSM. To maximize the security of the operation, all operations are only allowed to be performed inside the HSM. Banaba Bank aims to establish itself as a representative virtual asset bank through preoccupation in the domestic market by introducing crossover-type comprehensive financial services to the existing mutual savings bank business model.

The Goals of BANABA BANK



Banaba Bank provides retail finance and virtual asset banking services to individual and corporate clients through an online web/app platform.

The customer could experience traditional banking services such as deposits and installments, transfers, cards, loans,

and virtual assets services such as a coin-to-coin swap (C2C), settlement, remittance, and custody.

Plus, Banaba Bank analyzes itself and provides services for users to have an appropriate financial life even if they do not perform any actions.

With real-time tracking, information is providing in a more advanced way from simple user information tracking.

Moreover, it can check the individual financial life patterns of each customer with a Data-based customized system.

In addition, Banaba Bank can open an account (Korean won) and will support foreign currencies (US dollars, euros, Japanese yen, Chinese yuan, etc.)

in the future as the liquidity expands.

Moreover, this cryptocurrency is equivalent to the bank's average deposits and will provide access to all deposit products.

Besides, additional altcoin services will also be expanded through strict in-house Due Diligence (DD).




BANABA BANK Services



Banaba Bank is a non-face-to-face Mutual Savings Crypto Bank that integrates virtual asset financial services based on the existing banking business, and it complies with the laws and regulations of the Korean Financial Services Commission and strict KYC/AML to provide safe and convenient comprehensive financial services to customers.



 Traditional Banking Service 



Term deposit: Deposit products that can receive high-interest rate by depositing surplus money for a certain period

BNB3 term deposit: 1-year term deposit with an increasing interest rate (increase every 3 months) with less damage in case of early termination

Recurring deposit: A convenient product to make money by deposing a fixed amount every month or every day into their recurring deposit account.

BNB6 Recurring deposit: Periodic Recurring deposit for which the applied interest rate increases every 6th units, with less damage in case of early termination

Ordinary-deposit: Ordinary deposit Products with free deposit and withdraw without restrictions on the deposit period

Savings account: A deposit that allows temporary funds to be entrusted at the actual tax rate and is an optimal product for short-term funds management

Corporate Free Savings Deposits: A product that is free to deposit and withdrawal, it is convenient for depositing temporary surplus funds for companies

Installment of credit: A convenient product that allows you to receive loans according to the performance of the bank account with accumulated deposits

Free Reserve Installment Deposits: An Accumulate Deposit Products, the number of payments can be made without limitation on the payment date.

 Loan Product 

 


FAST BNB Money: A quick and simple microcredit loan for the low-credit customer.

Prior Mortgage Loan: A mortgage loan product acquires an apartment as collateral, and has lower sensitivity and loss rate to real estate price fluctuations compared to subordinate mortgage loan

Subordinate Mortgage Loan: A mortgage loan product for individuals and self-employed businesses who need insufficient living or business funds while maintaining apartment mortgage loans from commercial banks

Long-term Rental Deposit Loan: This product is for customers who need to prepare long-term housing money to a higher limit than commercial banks, and for customers who want to use long-term housing deposits as collateral to borrow life funds.

BNB Auto Loan: A financial products that support funds to purchase cars for individuals and self-employed businesses (including new business owners)

Corporate Loan: Corporate loan for small and medium-sized companies.

Deposit Secured Loan: When urgent funding is needed, customers can easily borrow the deposit in their name as collateral without intermediate cancellation of the deposit, and freely repay the deposit at any time without a cancellation fee within the expiration date of the deposit. In addition, Banaba bank provides corporate merger, purchase, brokerage, and arrangement services, supports credit cards, debit cards, and app cards, and its own payment system.

 Crypto Asset Financial Service 



Virtual Asset Deposit & Withdrawal Service: Banaba Bank provides deposit and withdrawal services for major virtual assets such as BFC, Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Litecoin (LTC), and Stellar Lumen (XLM). The service will perform through Banaba Smart Wallet in the banking system, and smart contracts will apply to Ethereum-based virtual assets.

Staking Service: Staking refers to contributing to data verification by locking up virtual assets on the blockchain. The virtual asset staking program provided by Banaba Bank allows you to gain additional profits without giving up access to the virtual assets you held for long-term investment. Moreover, if the amount of the virtual assets you hold increases, it might cause an increase in the coin price.

Lending service: It is designed in a structure that allows you to set up collateral with a smart contract when storing virtual currency in Banaba Smart Wallet. Members who pass the KYC identification of Banaba Bank can use the lending service without a separate registration.

Custody Service: Custody service provides a service that can cancel without a mandatory deposit period if you own a certain amount of virtual assets in a dedicated wallet. It is a blockchain-based custody service that has undergone thorough Banaba KYC authentication and supporting real-time transactions of personal virtual assets. Moreover, exchange, institutional, over-the-counter (OTC) and escrow services will be added through advanced development in the future.

* This Homepage is a formal contracted with BANABA HOLDINGS LTD. It is operated by JK Economic Research Institute.

Headquarter

BANABA HOLDINGS PTE. LTD.

60 PAYA LEBAR ROAD, #08-55, PAYA LEBAR SQUARE, SINGAPORE 409051

Terms and conditions | Policy of processing of personal information



Copyright ⓒ 2020 BFC. All Right Reserved.