Tiber Bank objective is to move money as a major steering mechanism in society from causing environmental abuse and enabling many citizens to optimize their capacities, to become an instrument that serves a qualitative human development. Using the Social Trade methods the potential of the community can be optimized based on the community’s culture with respect for the environment.
Tiber Bank picks up the challenge described by Bank of England’s Governor Mervyn King:
“Is it possible that advances in technology will mean that (...) the world may come to resemble a pure exchange economy? Electronic transactions in real time hold out that possibility. There is no reason, in principle, why final settlements could not be carried out by the private sector without the need for clearing through the central bank. (...) There is no conceptual obstacle to the idea that two individuals engaged in a transaction could settle by a transfer of wealth from one electronic account to another in real time. (...) The same system could match demands and supplies of financial assets, determine prices and make settlements. Financial assets and real goods and services would be priced in terms of a unit of account. Final settlement could be made without any recourse to the central bank.(...) Without such a role in settlements, central banks, in their present form, would no longer exist; nor would money.”
Tiber Bank solutions for social impact:
The objective of the Euro-African Foundation is to provide a professional platform that can be used by different organisations and institutions that are aiming on social economic impact. Our system supports a wide variety of implementations.
Our Bank as an African Solution:
Tiber Bank aims to compete with big international banks, because our system allows us to provide cost effective state of the art on-line banking, sms banking, POS and mobile banking services. This contributes to a more diverse banking sector which makes it stronger and more competitive. We are going to invest more money in the region contributing directly to our respected countries's economic growth instead of international speculation.