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
Magic

Magic is a Wallet-as-a-Service (WaaS) platform that provides developers with tools to streamline user onboarding for decentralized applications, including those built on the Hedera network. The platform's core offering is an SDK that enables seamless authentication and the instant creation of non-custodial wallets for end-users, bypassing many of the traditional complexities of Web3.

For the Hedera ecosystem, Magic allows dApp developers to offer familiar Web2 login methods, such as email or social accounts, instead of requiring users to manage seed phrases or install separate browser-extension wallets. When a user logs into a Magic-enabled Hedera dApp, a secure, Hedera-compatible wallet is automatically generated for them in the background. This wallet is fully capable of interacting with the Hedera network, allowing the user to sign transactions, manage HBAR and HTS tokens, and engage with smart contracts.

The underlying technology uses a delegated key management system, where private keys are encrypted and stored in secure hardware modules, ensuring users retain full control and ownership of their assets without the burden of direct key management. 

Seun Water

SEUN is a technology company developing an Internet of Things (IoT) device for monitoring water data. Its mission is to provide a secure and stable data management system to protect and prolong the life of large infrastructure that relies on water, such as hospitals, cooling towers, and well systems.

The core of SEUN's service is its customizable IoT device that can be used to monitor virtually any liquid. The platform is designed to provide real-time data and insights, functioning as a security system for water-based infrastructure. A key feature of the system is its use of distributed ledger technology to mitigate fraudulent activity and ensure the integrity of the data. The company's process is also GDPR compliant, underscoring its commitment to data privacy and security.

SEUN's platform is build in Hedera. It uses the the Hedera Consensus Service (HCS) to provide an immutable and verifiable log of all water data, creating a "single source of truth" that can be trusted by all stakeholders. 

Accubits

Accubits is a full-service software provider founded in 2012. It specialises in leveraging cutting-edge technologies such as AI and blockchain to help a wide range of clients, from startups to Fortune 500 companies, accelerate their business growth.

Accubits offers a comprehensive suite of services, including AI development, custom software creation, and blockchain solutions. The company has a proven track record of delivering enterprise-grade applications, such as AI-powered conversational tools, data analytics systems, and blockchain-based platforms for supply chain management and digital identity.

The company is an official technology partner and systems integrator for Hedera and, as such, provides a full spectrum of development services for building and deploying decentralised applications (dApps) on the network. This includes custom dApp development, smart contract creation and auditing, and the tokenization of assets using the Hedera Token Service (HTS). This partnership allows Accubits to offer its clients the benefits of Hedera's high-throughput, low-cost, and secure infrastructure, further driving the adoption of enterprise-grade Web3 solutions.

Meeco

Meeco is a data privacy and digital identity company founded in 2012. Headquartered in Australia, with offices in the UK and Belgium, Meeco's mission is to empower individuals with control over their personal data, enabling them to get value in exchange for what they share. 

Meeco's core product is the Secure Value Exchange (SVX) platform, a suite of infrastructure tools for managing verifiable credentials, decentralised identity, and secure data storage. This includes a white-label digital wallet, a vault for end-to-end encrypted data, and services for managing the entire lifecycle of digital credentials. A key application of this technology is Trustury, an open-source interface designed to bring transparency to ESG (Environmental, Social, and Governance) markets by allowing for the visualization and auditing of sustainability tokens.

Meeco has developed a Decentralised Identifier (DID) SDK for Hedera and uses the Hedera Consensus Service to create verifiable logs. The Trustury platform is built to support the Hedera Guardian, an open-source tool for digitizing and auditing sustainability projects.