The Fintech industry, these days, is vying to integrate with IoT. Working in concert with this phenomenon, BANKEX brings the concept of the Internet of Assets (IoA) to the fore. IoA is a decentralized network that can evaluate real-world assets automatically and instantly. This can be best understood by the analogy Khmel has put forth, “Suppose, you’re a farmer and want to expand your rabbit ranch with an aim to be a nation-wide supplier. Also, let’s assume that you have been in the business for long enough and have certain credibility. However, you are not able to secure a bank loan to start your project. BANKEX can step in here and create a farm token, taking into account cash flow, years on the market, current market coverage, and other insights. The token would then generate essential data about your project, through which investors from all across the globe can be attracted. This essentially is how IoA works.” This perfectly resonates with the prime objective of BANKEX, i.e., to develop a decentralized capital market platform.
It is because of the value that BANKEX brings to the capital market arena that the firm has been listed in the top 50 fintech startups in by Financial IT’s Pathfinder rankings in 2017. Following suit, BANKEX has been able to attract a diverse clientele that have immensely benefitted by implementing the firm’s solutions. In the latest deployment, BANKEX delivered MediaToken for Instagram influencers. MediaToken is a technology solution that tokenizes Instagram pages so that influencers can raise capital against future earnings from brands and advertisers. Clients like @TurismoSpain can use this new capital to focus on growing their followers and producing higher quality, more refined content.
BANKEX is currently building its Plasma Protocol, which enables faster transactions on the Ethereum blockchain network with no cost. It opens access to the mass market for the banks, payment systems and financial institutions that need to reach 100,000 transactions per second. Additionally, BANKEX endeavors to launch several other verticals within the US with the goal of bringing large financial organizations to one platform where they can raise money for their businesses.
We bridge the gap between the traditional banking and finance solutions with unique as well as flexible products and services
Bankex Launches the Alpha Version of MainWallet Commission System
MainWallet Commission System ensures transparency in sharing the profits obtained from the customers’ transaction.
FREMONT, CA: Bankex Group is a New York-based fintech company whose mission is to connect regular people and small/medium business owners to capital markets. Bringing together Banking-as-a-Service (BaaS) product modules and blockchain, the company enables digital assets processing, while handling blockchain-based continuous securitization in money lending, real estate, and media markets. “We bridge the gap between the traditional banking and finance solutions with unique as well as flexible products and services,” says Igor Khmel, Founder and CEO.