BankSocial is a global financial technology firm working to bridge traditional financial (TradFi) systems with emerging digital asset technologies. It utilizes artificial intelligence, machine learning, and distributed ledger technology (DLT), on the Hedera blockchain network.

The company offers a suite of integrated financial products and services designed for both individuals and enterprise financial institutions, with a specific focus on credit unions and their members. Key offerings include a self-custody crypto exchange, know your customer (KYC) user verification solutions, lending services, and the $BSL token, which offers staking with potential stablecoin rewards. Its ecosystem also encompasses a payments hub, fraud management tools, a digital wallet, and custom software and API development.

Its focus on the credit union sector allows it to provide partners with technology bridging TradFIi with Web3 and offers secure self-custody for cryptocurrency holdings and access to a suite of DeFi tools through a user-friendly interface. 

The firm holds a Money Services Business (MSB) registration with the US Treasury’s Financial Crimes Enforcement Network (FinCEN) and Canada’s FINTRAC through Fivancial Inc. 

BankSocial also developed the Secura platform, in collaboration with Hedera, which focuses on real-time fraud monitoring and asset recovery in the Web3 space.

Team members
We currently don't have any public team members for
BankSocial
Related Articles
We currently don't have any published resources on
BankSocial
Related Projects
Transak

Transak is a global Web3 payment provider that builds developer-focused tools to bridge traditional finance with digital assets. The company’s core service is to enable users to seamlessly buy and sell cryptocurrencies directly within any decentralized application (dApp). This is primarily achieved through a simple, embeddable widget or API that developers can integrate into their platforms with just a few lines of code.

By handling the complex backend processes of payment processing, fraud monitoring, and regulatory compliance like KYC/AML, Transak solves a critical onboarding challenge for the Web3 ecosystem. It eliminates the need for users to leave a dApp, register on a centralized exchange, and manually transfer funds, which significantly reduces friction and improves user conversion rates. The platform supports a wide array of local payment methods across more than 150 countries, including credit/debit cards, bank transfers, and other regional options.

Transak is integrated with the Hedera network. This enables developers building on Hedera to provide their users with a direct and localized on-ramp to purchase HBAR and other Hedera-based tokens. 

Snickerdoodle Labs

Snickerdoodle Labs is a data privacy company founded in 2021 that is building a "consent layer" for the internet. Its mission is to foster a more equitable data economy where individuals have control over their personal information and are rewarded for sharing it.

The core of Snickerdoodle's service is a decentralized data exchange platform that allows people to own and monetize their data anonymously. The platform provides a suite of tools for both individuals and businesses. For individuals, there is a data wallet that allows them to aggregate their Web2 and Web3 data and control who has access to it. For businesses, Snickerdoodle offers a consent management platform that allows them to request and manage user consent in a compliant and transparent way. A key feature is the "share-to-earn" model, where users are rewarded with cryptocurrency for sharing their data with brands.

Snickerdoodle Labs and Hedera have partnered to bring its consent and data sharing solutions to the Hedera ecosystem, allowing Hedera users to take control of their data and earn rewards for sharing it. 

Australian Payments Plus

Australian Payments Plus (AP+) is the national organization responsible for Australia's core payment infrastructure. It was formed by the merger of three key entities: BPAY Group, the operator of the ubiquitous BPAY bill payment service; eftpos, the national debit card system for point-of-sale transactions; and NPP Australia, which runs the New Payments Platform (NPP). In its infrastructure capacity, AP+ processes over 7.5 billion transactions annually and is central to the daily economic activity of the country.

AP+ is also an active researcher organization that is constantly exploring the capabilities of distributed ledger technology and a member of the Hedera Council.

The relationship with Hedera provides AP+ with a framework for developing and testing new solutions that could one day integrate with or enhance its established portfolio of payment services. This involvement complements its research into other future-focused technologies, including its participation in the Reserve Bank of Australia's CBDC pilot program.

Staking Rewards

Staking Rewards is a comprehensive data aggregator and research platform focused on proof-of-stake (PoS) cryptocurrencies and their associated staking opportunities. The platform provides users with the necessary tools and information to make informed decisions regarding staking participation and yield generation.

The core service of Staking Rewards revolves around offering live, unbiased, and historical data across a wide array of PoS assets. This includes detailed metrics such as staking yields, network participation rates, and validator information. Users can track and compare different staking assets side-by-side, analyze key performance indicators, and estimate potential rewards through calculators provided on the platform.

Staking Rewards also features a verified staking provider (VSP) program. This initiative helps users identify and connect with reputable and vetted staking service providers. Additionally, the platform offers "PRIME by Staking Rewards," a feature designed to provide access to potentially exclusive or enhanced yield opportunities. Through its secure offerings, the platform serves as a central hub for individuals and institutions looking to engage in crypto staking and optimize their passive income strategies from digital assets.