The Bank of England could use some help with their visuals  but anyway.

Very interesting, folks have a loot at the Bank of England presentation: Page 7. The word ‘bank’: You cannot call yourself a bank unless you are one.

Fiinu does not claim to be a bank and I raise my hat for them clearly stating that in their documents but this is something I have raised elsewhere in bitcoingtalk as a concern. There are so many crypto and bitcoin bank projects who seem to have no idea what they are talking about. Being a UK-citizen and working in the regulatory/banking industry, I can assure you that getting a banking licence from the BoE is NOT very easy.

I am prepared to take 10% risk, because the return on investment here is real and massive. I am in.     

Agree, this was not clear from the announcement. I went however to their website (https://fiinu.com) and all the information is there, including their LinkedIn-links.
Scroll down to Core Team section. It seems the bunch has worked many years together. There are some highly interesting backgrounds.
 
https://www.linkedin.com/in/andy-briscoe-b7b1a097/
https://www.linkedin.com/in/katrina-arnold-65974a8/
https://www.linkedin.com/in/marko-sjoblom-262b2393/
https://www.linkedin.com/in/indrekpari/
https://www.linkedin.com/in/jiggy-rawal-fcma-cgma-16ba2348/
https://www.linkedin.com/in/david-hopton-8897b19b/
https://www.linkedin.com/in/ragnareisler/
https://www.linkedin.com/in/juriandrushik/
https://www.linkedin.com/in/rommeltinoco/
https://www.linkedin.com/in/albert-owen-03437857/
https://www.linkedin.com/in/gökhan-yavuz-65908b46/
https://www.linkedin.com/in/scabir/
https://www.linkedin.com/in/mahirsertkaya/

I think this is one of the most impressive ICO teams I have seen before. I am interested.

You have no idea what you are talking about. Folks, I work in the consulting industry on regulatory licenses and firstly, API-license is something everyone can get very easily, less than a month's work. E-Money license is bit more complicated but even that is relatively easy 6-9 months. Bankera says in their WP that "we will convert the e-money licence to bank license". Well, it does not work that way sorry. These guys have simply not enough experience to get a bank license, read about Senior Manager's Regime and you all understand why. 

Great question! How about escrow or something securing at least some of investors money, why do they need everything because without Bank license there's nothing and the tokens will be worthless.

There are merits in linking the centralised and decentralised worlds but these muppets will never be granted a bank license.
They simply have no experience nor knowledge of the industry. They say that the empty barrels make the most noise. 

Just for comparison, a UK challenger bank Aldermore which was founded nearly 10-years ago was listed in 2015 with £660m valuation. At the time, they had been a bank for quite a while and achieved pre-tax profits of £50.3m. 

Source: https://www.ft.com/content/7323117c-c1c5-11e4-abb3-00144feab7de

What expertise do they have to make this project success?
What have they achieved before?

Three months internship at Bloomberg does not really count as expertise to me

Could not agree more. Quite an abnormal behaviour.

In God we Trust 

In your ICO Terms and Conditions, there are six referrals to Polybius or Polybius Bank, for instance in Clause 11.2 is says:

"However, all Tokens provided during the Crowdfunding will constitute 44% of the total Tokens generated during the initialisation of Polybius Bank. The remaining 56% of Tokens will be held by the founders team."

Yet, you do not need funds to get the bank license but skills and expertise, which you do not seem to have.

This is probably the most pathetic ICO's I have seen. 

Call me a party pooper but these guys have no previous track record of building high revenue company, nada!
It looks like Vytautas has worked as "an intern" at Bloomberg, that's all.

FOLKS, PLEASE BE AWARE THAT:

The odds achieving $100 million or more revenue within six years are 3.5 in 10,000.
Bankera projections are about $300 million, making the odds worse than 1:10,000. That is less than 0,01% chance. I keep my money on the 99,99%. 

I am not a gambler but would say that under 1:10,000 odds are not good.
Last year, the bookies offered 1:2,500 for Kim Kardashian to become next US president.

That's his dad.

Page 16. Section 7, financials.

Small correction, it's actually EUR 100 million and USD in year three. 

You guys are so funny defending Bankera that I had to check my calendar that it's not April's Fool day?

Well, in that case, Bankera white paper is worthless, less than the paper I printed it on.

 

I am not investing because their numbers do not stack up.

Also, they let us believe more than what they actually are.
Scammers or not, when did you folks last see a company to make £0 - $100m profit in three years?  

Yeah, scamming people-business.

As a general rule of thumb, scams share two common signs:

1.) Promised returns that sound too good to be true, and,
2.) Making money day from the day 1.

Bankera promises both. Their revenue and profits are unheard of. I work in the investment industry and am not aware of any company to-date which has grown as fast as what Bankera projects and make $100 million profit in year 3.

You told me earlier that you are collecting equity capital - but now it's an "affiliate commission" below. Which one is it?   

[/quote]
We are not paying dividends, its an affiliate commission (net revenue share), so it cannot be treated as dividents. Also bankers will be used as discount voucher codes to pay for Bankera's services so they are effectively vouchers with affiliate commission on top. Also we are not dealing with US, so SEC regulation does not affect this ICO.
[/quote]

Equity capital represents the capital through a purchase of a company's common stock (ordinary shares), but you are not selling shares.

I asked some law & enforcement friends of mine investigate these fellas and those who are publicly backing them up.
They could not reveal what they found, but told me to be careful and that they are being monitored by authorities.

 

It's kind of early to eat those "bankera-mushrooms", don't you think 

https://en.wikipedia.org/wiki/Bankera