Financial products & Digitalisation

The only constant is change.

From the perspective of digitalisation and decentralised finance, we are building products for lending, scoring and investment strategies in the crypto market. By combining existing technologies or infrastructures, BO1 is able to create new products within a transparent ecosystem for financial services.

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Paydentity

Credit-financed goods for commerce. Mobile & digital.

Paydentity enables our customers to conclude loans for financing goods digitally and locally. A registered user has the opportunity to purchase credit-financed products from any merchant offering Paydentity. No need to wait, just by using your mobile phone. Just scan the QR code, check out and take the product along.

Advantages

How financing works

In cooperation with our reliable partners, Paydentity handles the legitimation and credit rating check completely digital and in advance. The identification required before any credit financing can therefore be simplified and performed much faster.

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Loan and Credit Rating

During registration, our partner Solarisbank AG checks the customer’s credit rating and, if successful, provides the consumer loan. The credit rating determined by Solarisbank is completed by data from our partner Boniversum and leads to the user’s individual paydentity score.
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Account access

Thanks to the PSD2 licence by FinTecSystems GmbH, we receive access to the customer’s bank account after the customer’s permission. Via the open banking interface, risks can be estimated more accurately under high security standards and all incomes and expenses can be analysed on a daily basis.
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Proof of identity

At each checkout, the identity must be confirmed with the KYC process. In just a few minutes, the AMLA-compliant identity check is completed using VideoIdent from IDnow. The process is fully integrated into the checkout process – there is no need to leave the application.

Real-time simulation

Check your credit rating in advance.

Paydentity offers a non-binding credit check before the completion of an instalment purchase. Based on a requested amount, it can be checked whether and at what conditions a credit agreement is possible. The customer receives the result immediately.

In this way, if the customer is interested in a particular product, it can be determined whether the planned instalment purchase is within the customer’s financial capabilities.

How do the goods get into the Paydentity system?

With the web tool developed by BO1, merchants can decide which of their products should be offered via credit financing. The system also generates sales statistics, is easy to use and provides the interface between the merchant and the customer.

For a new transaction, a QR code is generated with which the customer can start a credit process directly in his Paydentity app.

Overview of the functions

How does the transaction work?

All products that have been registered with the BO1 merchant portal can be financed immediately.

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Financing Request

Customer scans product QR code with mobile phone and completes checkout process.

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Check & Approval

After successful identification and credit check, our partner bank approves the financing immediately.

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Retailer receives money

After the prescribed period of 14 days, the full amount is transferred to the merchant.

Partners

Briefly explained

KYC means “Know your costumer” and is a procedure for identifying people. As a credit intermediary, we are legally obliged to identify our customers before closing a transaction. We use the VideoIdent procedure from IDnow for this process.

In order to promote innovation and competition, uniform standards for electronic payment transactions (PSD2) have come into law in the EU. The financial institutions were obliged to provide interfaces (API) to enable third-party providers to access customer data.

The exchange of data, which takes place under high security standards, is generally referred to as Open Banking and only takes place if the customer has given his explicit consent.

Paydentity is a combination of the terms payment and identity. The term is intended to express the user’s financial identity, especially in the context of advancing digitalization.

Hybrid bank accounts

Your money deserves more.

The BO1 account is a simple, all-digital bank account that is currently in development. As a first or second account, it’s perfect for finally earning interest on your money again. We are planning a pre-onboarding later this year – with benefits for everyone who registers in advance. It could be around the end of the year, so be sure to keep checking back.

Advantages

What BO1 offers

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"All in one" account
With the BO1 account we offer a free account with a fixed interest rate. The BO1 account includes all the features expected of a modern bank account.
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Hybrid structure
The account provides the central hub of the BO1 ecosystem and, through its hybrid structure, combines the traditional bank account with investment and trading options of a blockchain-based wallet. Users can thereby combine the functions of a conventional bank account with the modern opportunities of the blockchain, which have been optimised for their needs.
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Interest
In addition to traditional account structures, the BO1 account also offers account holders a fixed interest rate on their daily deposit from the very first euro. Users can flexibly dispose their capital and at the same time invest it above the average market interest rate.

Partners

Briefly explained

It serves as the basis for tokenization. With their help, rights, ownership, material assets and assets of all kinds can be mapped and digitized.

It serves as the basis for tokenization. With their help, rights, ownership, material assets and assets of all kinds can be mapped and digitized.

It serves as the basis for tokenization. With their help, rights, ownership, material assets and assets of all kinds can be mapped and digitized.

Blockchain-based creditworthiness

Determine individual score values only with relevant data.

Maqnet is a tool under development for the automatic real-time rating of users, products and services. Maqnet functions both as an applicative solution and as a systemically integrative API interface.

Advantages

What does Maqnet offer?

Create a profile

Users create a profile and fill it with all relevant data. This data provided by the user is combined with already existing scoring data and the user’s credit rating is calculated automatically and in real time. Simultaneously, providers of a service or product define the parameters that are necessary and obligatory for them to fulfil the service.

Comparison
The user’s scoring data is compared with the provider’s fixed parameters and shows in real time whether and how a user has a sufficient credit rating for the service or offer of the provider.
Traffic light system
The result is displayed to the user as a traffic light system. Maqnet only passes on the user’s scoring result to the provider if it is positive. If the request is rejected, solely the user is informed, not the provider.

Partners

Briefly explained

It serves as the basis for tokenization. With their help, rights, ownership, material assets and assets of all kinds can be mapped and digitized.

It serves as the basis for tokenization. With their help, rights, ownership, material assets and assets of all kinds can be mapped and digitized.

It serves as the basis for tokenization. With their help, rights, ownership, material assets and assets of all kinds can be mapped and digitized.

Hedge Funds - Modern digital investments

Global arbitrage opportunities in the crypto market.

BO1 considers the crypto market as the “new” finance: global arbitrage opportunities with cryptocurrencies. The use of derivatives enables to achieve significant performance with a lower risk profile.

What does XArb offer?

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Investment strategy

A modern investment strategy used by hedge funds: Making money over a time difference.


What does this mean?

BO1 participates in a fund that, for example, buys bitcoin in October and sells Bitcoin with delivery in March (future) simultaneously.

Example: Buy for 100, sell future for 104.

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Custody solution

The custody of digital assets, funds invested by BO1, is managed by, for example, BitGo Trust Inc. Operating in the market since 2013, their assets under custody total over USD 16 billion.


BitGo offers standards such as the CryptoCurrency Security Standard (CCSS) and SOC2, but also work with the most trusted brands in the industry, offering their clients the most extensive security currently available on the market.

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Investment parameters

The investment is a subordinated loan for a special purpose with a term of 6 months. Investments start at EUR 200,000 with a return of 2.5% every 6 months.


Warning:

The acquisition of this investment is associated with considerable risks and can lead to the complete loss of the invested capital.

Partners

Briefly explained

Custody is a secure storage solution for crypto/digital assets and is used to store large amounts of tokens. Its main objective is to ensure the availability of private keys and the necessary information to recover them in order to access the specific assets.

The use of derivatives enables to achieve significant performance with a lower risk profile. These are modern investment strategies used by hedge funds.

Arbitrage generally describes the utilisation of price differences in different markets. Here, price differences between different assets, such as securities, are used to profit from the price difference when buying and selling on different markets at the simultaneously.