Forty Seven Bank

Category: BankingFinanceInfrastructure


Connecting financial worlds

The mission of Forty Seven Bank is to create innovative, flexible and open Application Platform for financial technology developers, who will be able to operate under the roof of Forty Seven Bank, having access to banks infrastructure and customer base. We will give opportunity to developers with small or medium capital to create white label applications which will be able compete with traditional banks. Our Bank as a Service (BaaS) solution will disrupt financial sector of the European Union by reducing barriers to entry the fintech market.


Forty Seven United

United Kingdom


  • 2016 October
    Development of Forty Seven Bank concept, project plan elaboration
  • 2017 July
    Preparation and start of crowdfunding via Token Generation Event
  • 2018 April
    Successful completion of Token Generation Event, FSBT launch on exchanges
  • 2018 July
    Software infrastructure deployment
  • 2018 July
    Applying for EMI, PI authorisation at FCA, integration with SWIFT system
  • 2018 December
    Obtaining EMI, PI licenses, authorisation for activity from FCA. Launch of services for FSBT tokens
  • 2019 March
    Submission of documents to obtain banking license
  • 2019 December
    Obtaining banking license. Start of providing full-scale banking services

Financial distribution

90% Contributors
5% Founders
5% Bounties


Board of directors

Aleksandrs Malins
Co-Founder, CEO
Igors Astapchiks
Co-Founder, COO
Mihails Skoblovs
Co-Founder, CFO
Vladimirs Tomko
Co-Founder, CMO
Aristoteles Vargas Daza
Anton Azamatov
Chief Technical Officer


Evgeny Bezgodov
Chief Operational Officer, Deiteriy
Alexander Chernyakevich
Chief Technical Officer, Scand
Morten Hansen
Head of Economics Department, Stockholm School of Economics in Riga
Dmitry Dudin
Head of Products and Services Development Department, XB Software
Rinat Arslanov
Chief Executive Officer, Revain
Artem Kushik
Business Analyst, Crédit Agricole CIB
Igors Danilovs
CFA, Senior Portfolio Manager, Swedbank
Jevgenijs Plams
Blockchain Developer
Inna Krievane
Financial Analyst, Argus Vickers
Eva Iova
Creative Director, IOVA
Steven Coogan
Mortgage, Advisor, Madison Carter Finance


Edgars Abols
Chief Legal Officer
Lilija Kovaļčuka
Art Director
Jevgenijs Lesevs
Head of Internal Audit
Vitalijs Grundsteins
Project Manager
Kristiāna Štauere
Lead Analyst
Nana Zhang
Community Manager (Asia)

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