What we will be offering?

Empowering eCommerce & Technology in Banking

Introducing a one-stop solution for customers to bank, shop and pay for products "Empowering eCommerce & Technology in Banking" on the go. YAN Bank offer all the usual banking services with current, savings, business, loans, and credit accounts

From direct debits, utility, and bill payments, to salary receiving, YAN have thought of everything including currency exchange, crypto payments, and our own digital currency; YANMoney. YAN will make it easy to pay a bill, hail a taxi, buy a birthday gift, order a takeout, or update travel insurance in one easy to use app. With YANMoney, customers can send and spend money across borders as well as shop and save in the marketplace.

Within one app – the YAN “SuperApp” – we will offer customers hassle free account creation, a safe, easy to use functional platform with better rates, smarter services, fewer fees, and handy integrations with relevant financial tools.

Business model and revenue

YAN’s “Super App” is an ecosystem of banking and eCommerce with a growing suite of services provided by fintech integrations built both in-house and by third party partners.

Our revenue will be based on multiple income streams, including fees coming from our core banking and other financial products, layered with a share from eCommerce sales and add-on services provided by our third-party partners.

We have a sustainable and growth-orientated business model that can generate a significant return to our investors. Today, we are preparing for our first institutional investment round as well as a soon to launch crowdfunding initiative. We welcome investors to join us in our journey.

Banking Charter

YAN Bank will launch under an e-money license to avoid a go to market delay. We will apply for the full banking charter as soon as possible. Our strategy is to bring YAN to market, receive customer feedback, test out customer experience and respond to product refinements. This will enable us to grow our customer base at an early stage, paving a smoother and customer centric path for a broader banking offering.

Market share and expansion

YAN will initially grow market share within the Fintech, Finance and eCommerce markets but will expand into other services. With interconnected, strong banking and financial infrastructure connected with the sophisticated eCommerce platform, our mission is ambitious. Our unique ecosystem will significantly expand the range of opportunities for YAN. With our breakthrough product innovations, we believe we have unlimited growth potential.

Target Markets

The YAN Super App. For you.

Three out of 4 Brits are using online banking in some shape already, largely led by digitally savvy millennials where 1 in 4 use digital banking and 62% shop online regularly.

In the UK, neo-banks have not focused much attention on Generation X and Baby Boomers which is a rapid growth area – spending longer time and money online. With the recent Covid-19 outbreak, consumer behavior has shown a 40% shift to online in this demographic. Both these markets are ideal for YAN Bank.

The future of finance is brightest when it provides valuable services to the broadest swath of society and the economy. Financial inclusion matters. YANs Super App has been designed to ensure that it is easy to use and provides services to support underserved and unbanked communities.

eCommerce banking
VS eCommerce Bank

Traditionally, “e-commerce banking” refers to a commercial activity that deals in trading services and goods through an electronic communication medium such as online website or mobile app. However, the idea of "e-commerce bank" which we now propose and want to become the first financial institution associated with this term, in our understanding, can only be applied to banks that offer relevant business and personal banking products and services, and have incorporated their banking technologies, including payment API, with their own built-in e-commerce sales infrastructure. There are just a few platforms which have similar enhanced functionality; however, these companies do not identify themselves as a bank or they do not have the required level of eCommerce integration in their Banking Apps.

Responsible Banking

Traditional banking and commerce have changed. YAN Bank believes in a future of fair, equal, and sustainable business. We, like our customers, believe in transparency and open banking. Our mission is to support businesses and customers alike with products and services that are convenient, affordable, and less bureaucratic.

Commitments

YAN is committed to spend at up to 10% of its revenue on charity and to invest in science, education, and technology. Contributing to the progress of these sectors and helping future generations to excel and drive positive changes in the world is part of our makeup.