INTRODUCTION
Money is the second powerful thing next to knowledge. Money can also be said to be the centre piece holding the world from totally being a desolate place. Money answers to everything from the least to the greatest of them all. However important money could be and is, it is most important that it is well kept far away from the claws of money mongers, theives and money moths. To address this issue of money safe keeping, the banking system came into being.
The banking system is a system whereby money is taken and stored in a protected location, used in businesses and expanding the growth of the economy. The banking system helped to safe keep money and invested in other businesses using the money of their customers. Gradually in no time greed stepped in. The banking system assumed a position of indirectly taking advantage of their customers , charging excessively for rendering service to them, hitherto making profit at the expence of the satisfaction of the customer. Customers squealed for help, for a change in the operation of the banking system and the KABN TOKEN heard their plea and is here to better the banking system sector.
CURRENT CHALLENGES
The challenges of the banking system
- Coporate client require international compliance solution.
- Clients require KYC/AML screened good-to-go consumer customer.
- Retail investors want access to early state opportunities.
- Millennial and Gen-X consumers want diffrentiated personalized offers and accounts.
THE KABN SOLUTIONS.
- THE KABN ID : The KABN platform issues an identity to its customers/users that distincts them from every other customers/users. This is done to eliminate theissue of customers having to create their own application,this speeds up the KYC process in the KABN network.
- The KABN possesses the ability to optimize incumbent bank process.
- They limit customers interaction to self serve digital products.
KABN NEO -BANK
The NEO-BANK is a web-based banking system. Where as other financial instistution needs a location or a building to operate the neo-bank doesnt need any of those to be functional. The neo-bank may not have a location but is sure to service its customers to their optimum satisfaction, they provide their customers with services through the web or via mobile apps,also known as mobile banking.
Neo-banking promises a more satisfying service to their customers and to make their experience better by the day. The Neo-bank will be giving bankingg services to their customers while automating and optimizing their services all at an affordable rate, like killing two birds with a stone.
FEATURES OF THE KBAN PLATFORM
FLEXIBLE WHITELIST: to enhance the binary yes/no querries,to enable or disable actions such as purchasing crypto token, the KABN created the whitelist.In order to avoid the situation of having a users information on two different whitelist the KABN stores users important details.
ALWAYS ON COMPLIANCE : KABN provides qualification and wealth verification for their customers to avoid leaving their customers on the edge,at at a dilema. Investors all around the globe are als o sure to enjoy this feature too, as countries like Canada, Nigeria, Hong Kong, Ecuador and others of their likes has beenscreened into enjoying this feature,many more are also expected to join in real soon.
BLOCKCHAIN REGISTERIES : KABN has encouraged its customers/ users to register themselves to a blockchain account. As soon as a customer is enlisted and given authentication KABN instantly grants the user a full contract entry.
KABN CARD : Starting in Europe by 2019, the KABN will be issuing a prepaid visa card that will serve as an ATM card,there is a crave to spend cryto in the real world, KABN is making that dream come true. The KABN prepaid visa card will not be limited to a country or continet but will be spreading across the world like a bush fire. A customer is certified to own a KABN pre;paid visa card once he passes the KYC and AML test.
KABN KASH : Using the KABN card, a customer is able to also gain access to the KABN cash, customers will enjoy the leisure of making transactions using the KABN CARD/KASH at an e-commerce website or even at a shopping mall.
ABOUT THE KABN TOKEN.
In the year 2018, in the month of December, the KABN TOKEN was launched. Since the innaugration of the KABN TOKEN platform, the Millennial and Gen-Xretail investors has totally depended on KABN for their services. KABN is in the form of a bank-grade, to identify, verify and validate compliance relying on international support. KABN ensures that their customers make decision via the creation of "B2B2C" infrastructure. In the nearest future, the KABN is sure to clear the table of any issue that will epidemize the next generation financial technology.
CONCLUSION
KABN is a platform that is built on the NEO-BANKING system, it is backed up by the blockchain technology. It is here to ease up the stress of users, to bank at your convinience and a cheaper rate. It will also give room to cryptocurrencies users and investors to transact with their crypto currencies using the KABN CARD and cash, there will be no need for exchanging the crypto currency into the countrys's money but spend your money straight from your Neo-bank account, KABN will eliminate every threat of financial setback inthe nearest future, that is a sure promise that the KABN TOKEN pledges to keep by.
For more details, kindly visit the links below:
Website: https://www.kabntoken.com/?ref=bty21
WhitePaper: https://www.kabntoken.com/wp-content/uploads/2019/03/KABN-Company-Overview-Summary-V1.2.pdf
Facebook: https://www.facebook.com/kabnnetwork/
Twitter: https://twitter.com/kabnnetwork
LinkedIn: https://www.linkedin.com/company/kabn/
Telegram: http://kabn.network/telegram-links.php
Bounty0x Username: Kingmykky
Congratulations @aaaaaoyime! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!