Open air banking by Bangladeshi blood
Imagine, what if money had no barriers or did not speak a different language in every new country you travel to? Imagine there being no fear of losing your wallet and with it, all your cash and monetary transaction cards in an unknown land. Imagine being able to roam around freely without having to rely on your phone for mobile banking.
That might indeed, soon become a reality.
The credit of such as feat which is in the making, ought to be contributed to both the innovations in technology as well as the human aspect of inventiveness and creativity of an individual of Bangladeshi blood.
NAP Shemul Ahmed is a Bangladeshi British entrepreneur and Information Technology analyst who is the pioneer of the entirety of the 'open-air banking concept'. It is the first of its kind in the world and has the motto - "Money in mind".
He conversed with us about the entirely new concept which gives money a whole new dimension.What he aims for is the digital economic happiness for everyone regardless of where they live on the blue planet we call our home. He wishes for each individual to have peace of mind about their financial thoughts.
With all that in mind, he created MONEYCOX Holdings Limited,widely known as MHL in the middle the year of 2015 in London, UK. Under this brand, he initiated research, analysis and necessary development for the transformation of the money matrix.
Within his framework, all the services are in-sync with each other, while at the same time being open source for the individual, business, partners, government organizations and non-profits. The service nevertheless takes safety and security extremely cautiously because every penny counts.
This centralized financial technology (abbreviated to fintech) initiative is fast and secure. It is in essence, an open air financial and e-commerce service whose details have been elaborated below:
CARD WALLET - An unfold alternative to present all types of cards. ''Card Wallet'' is cardless and cashless payment solution instantly in any situation. With a regulator guided build in KYC embedded on to the cards; this technology's security is far from being breached. So, AML compliance locally and internationally fit as well as this introduces us to zero fraud assured first time in the world card industry.
HASH CURRENCY - Just think of locals using a currency no matter what the foreign exchange rate is - no chargeback worries with the ease to exchange with any currency. Given that all the authorized online and offline financial product exchanger will be connected. With the further feasibility to create this '' hash currency'' which can be formed simply adding a # sign before three letters local currency code like #USD, #EUR, #AUD and so on.
TERMS PAYMENT - Get a digital agreement for all and every type of transaction you are dealing with whether it's paying for specific goods and services or Export-Import payments escrowing both parties trust and auto settlement. The whole process enables more functions to be bonded by digital agreement.
DIGITAL NOTE - Zero fraud granted and fake banknote no more, everything control and polished by the local regulator. Backed by hard and Soft Layer will enhance the highest grade of security. To improve monitoring of local cash flow as well as TAX/VAT functionalities, saving multi-billion dollars by stopping paper currency note production this ''e-note'' suites for trendy e-government, e-nation, digital nation or digital government.The new line of currency, 'Digital Note' guarantees an end to forgery of banknotes and improves the monitoring of local cash flow which can save multi-billion dollars by eliminating the money printing process. All these will serve great functionalities in terms of taxations and vats.
AIR BANKING - Branchless banking will undoubtedly be a popular choice of engagement in the banking sector due to safety, security, and marginal satisfaction. It's a dynamic part of an open banking network - the ubiquitous option of opening the account to cash withdrawal correctly solved by any bank in any branch. Whatever the requirements by the financial regulator or authorized institutes. Its core functionality lies in the fully customizable process.
MSN - The global first social money will share a network with a ticker symbol that is MSN. This will an open contribution opportunity with the specific project in terms of global aspect. P2P, P2B, B2B action will give the contributor a vast scope of funding in the sustainable smart contract. Likewise, It's not a stock or cryptocurrency all the outcome generated by the funded portfolio as well as return to the contributor as divided or tradeable to listed exchange platform.
''Technology is an edge on its own, advancing to unfold, develop and reshape our lives. As we advance to traverse an elaborate technique, the more career will shift, generating new attitudes and establishing new ideas of operating synchronically. While the expectation is strange, we think in leveraging technology to build personalized strategies and answers.'' N A P Shemul Ahmed added, to The Daily Observer.
Above mentioned service mark words or brand names are protected under intellectual property rights law that's applicable worldwide and reserved by present CEO & Co-founder of MHL, any means of individual or business or organization can't use or modify or bypassing the same concept with their unique name. All Brands, services or subsidiary is a registered trademark or service mark of MONEYCOX holdings limited.