KABN is a neo financial service platform offering various services to Millennial and Gen-X retail investors. The company provides cost-effective compliance services in exchange to obtain leads to give Visa card accounts and access to the KABN banking wallets. KABN cardholders via card transaction charges and through affiliate and loyalty commissions as well.
The company released his flagship product in December 2018 which includes a bank-grade, Always On, identity verification and validation compliance and international passport. KABN designed a "Business to Business to Customers" (B2B2C) infrastructure and patent-pending technology enabling clients and customers to proceed, in management's approval that previously needed complicated and time-consuming authentication, and replaced it with turn-key Smart Contract registries.
Also, company management supports the notion that KABN meets up with the increasing requirement for compliance solutions for next-generation financial technology startups, security token issuers, exchanges, and other financial service providers as well. KABN adopted the network of pre-approved members to offer financial services to those interested in cryptocurrency and others searching for more insightful ways to control online and conventional fiat transactions. Created with thus compliance base, KABN provides a suite of financial services without excluding relationships with banking partners, to print a KABN-branded Visa card connected to a multi-currency banking wallet for daily use. It also provides a loyalty platform which enables KABN members to enjoy the advantages of purchases made through e-commerce websites and physical stores related to the program.
The neo financial service platform for KABN supports additional compliance and participation in investment opportunities. Besides, KABN management argued that the suite of financial services promotes a healthy relationship between the crypto economy and main street transactions.
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Why choose KABN?
As stated earlier, KABN is a neo financial service platform that offers different services to Millennial and Gen-X retail investors. The term "neo bank" means financial institutions based online that offers financial services through web and mobile applications. These Neo banks usually operate in the absence of brick and mortar offices. In order to automate and optimize service, Neo banks may transfer some percentage of the resulting saving banks to the customer through discounts or ore interest rates.
The benefit of neo banks is their ability to apply technology for optimization of incumbent bank processes. Through the limitation of customer interval to self-serve digital products, management contends financial services companies can greatly cut down the headcount. Perhaps few of their success stories will convince you:
Monza, a company based in the United Kingdom made a record of 750,000 customers and only 300 staffs.
Robinhood, a United State brokerage, was calculated to service 6,000,000retail traders and 250 employees.
Furthermore, in a survey carried out by Jumio, 92% of Millenials report with mobile banking but the survey includes essential information likes report dissatisfaction with the existing app experience of about 75%. Other vital information acquired showed that 80 percent of consumers would trade financial institutions for a better experience. Moreover, brick and mortar banks still have a lot catch up on regarding technology-focused competition for providing the best app experiences.
Ina addition, KABN aimed to address the challenges they identified in the market. The various challenges are not farfetched.
Corporate clients need international compliance solutions.
Clients need KYC/AML verified, "good-to-go” consumer customers.
Clients want to do away with the liability for keeping sensitive information.
More Millenials and Gen-X consumers want to spend cryptocurrency on day-to-day items.
Millennials and Gen-X consumers want to separate personalized offers and discounts.
Retail investors want to leverage early stage opportunities.
Final words
KABN offers end-to-end customer-facing applications at, what management contends, is a lower price point than traditional backend service providers. Clients who adopt KABN eliminate the problem of creating their application and hasten the compliance process for participants that are conversant with the KABN network. Also, KABN is built around the concept of whitelist membership. Whitelist on KABN is constructed to work for binary yes/no queries to enable restricted limited actions such as purchasing crypto tokens. Besides, whitelists on the KABN network have a set of compliance rules that are customizable. Therefore, customers who sign up for the whitelist and meet up with all the compliance rules are allowed to carry out restricted actions. The KABN whitelist framework houses compliance and scale across various financial touch points while attending to individual client needs.
Please click the link below:
Website: https://www.kabntoken.com/
Whitepaper: https://www.kabntoken.com/whitepaper.V1.2.pdf
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