Blockchain continues to disrupt the banking industry with more innovations. The main advantage brought about blockchain in the industry is the convenience given to customers in terms of efficiency, control of funds and reduced costs. However, majority of the innovation have focused on international transfers.
Fiinu is at the forefront in harnessing the power of blockchain in improving credit disbursement processes. This shift focus to one of the core areas of banking industry that needs to be improved in order to benefit more people. Fiinu bank focuses on ensuring the unbanked population has access to affordable credit. At the current state, there are billions of people around the world who cannot access credit which is vital for social economic improvement.
The team behind Fiinu has spent time in the banking sector. They have an in-depth understanding of challenges facing the banking system and have experience in developing digital banking from the ground up. Furthermore, the team has risk management experience as well as intended capability to earn a UK-Bank license. The success of any ICO depends on the determination, knowledge and relentlessness of the tam behind it and Fiinu has a team of motivated individual who want to give the unbanked population a chance to make it in life.
Fiinu also wants to connect customers to various crypto exchanges. The bank intends to give customers opportunity to trade major cryptocurrencies such as ETH, BTC and FNU among others. Fiinu offers favorable and market friendly rates. Furthermore, Fiinu is set to become the first bank to offer Bank Independent Overdraft (BIO) while also leveraging on Open Banking Initiative in the UK and Second Payment Service Directive (PSD2).
Fiinu is also set to launch smart contracts to enable customers access to credit facilities that are backed by digital assets. This will be the first in the field. The Fiinu ICO is launching in November and investors are invited to participate in this groundbreaking blockchain backed bank that is set to revolutionize the way consumers have access and use their finances.