← Back to catalogue
Research draft

bank

vr.tr.bank · SOC.ORG

Let an agent handle banks by licence, regulator, identifiers, services and deposit protection, verify legitimacy, and never move money or ask for credentials.

Thing Registry Society, people and institutions

Research draft, second pass

A second pass drafted this model: the structure a model of this thing needs, and what is known about it in the world. The line under this one says how the second half was obtained - researched against sources, or recalled without web access, in which case nothing here was read anywhere and every claim is a lead to verify. Unreviewed either way.

written by Claude from model knowledge without web access - no source was read, every claim is a lead to verify

Researched by: Claude

Purpose and description

Let an agent handle banks by licence, regulator, identifiers, services and deposit protection, verify legitimacy, and never move money or ask for credentials.

A financial institution licensed to accept deposits and make loans, and often to provide payments, savings and other financial services; central banks are a distinct kind with public mandates.

What it is for: Holding deposits, lending, processing payments and supporting the economy.

It can be open accounts and deposit money; borrow and pay; verify its licence and deposit protection; complain to it and to an ombudsman.

Distinguishing features

Licensed to take deposits

Regulated and supervised

Deposits may be insured up to a limit

Central banks issue currency and set policy

What it looks like

Branches, apps and websites with the bank name, licence information and security features.

How it is recognised

Registered name and licence number

BIC/SWIFT code for international payments

Branch addresses; impersonation sites mimic real banks

Related models

is a kind of - intermediary

financial institution

holds - deposits

money

processes - services

payment

is regulated by - oversight

banking supervisor

In practice

Families and kinds

commercial and retail banks

savings and cooperative banks

investment banks

central banks such as a Federal Reserve Bank

online-only banks

historical banks and pawn banks

Identifiers

BIC/SWIFT code 8 or 11 characters identifies the bank

LEI 20 characters legal entity

national bank code country-specific such as sort codes

Standards and regulation

Basel III capital standards

EU Capital Requirements Directive and Regulation

Deposit guarantee schemes such as EU Directive 2014/49/EU

Anti-money-laundering law

Failure modes and hazards

Phishing and bank impersonation

Bank failures, with protection up to limits

Fraud targeting customers

Agents mishandling credentials

Also called

Federal Reserve BankHDFC Bank branchchartered bankBank van LeningSovzagranbanklarge bankinternational bankAlkes ResearchPolicy bankStanbic IBTC Bank Ltd.Mega Bankspecial bankCity bank (Japan)anthroposophic bankprivate bankbanking in SurinameOCBC Bankdirect bankosuuspankkiIslamic bankstate-chartered bankforeign exchange bankOffshore Financial BranchSparkassetransaction bankMedlemsbankRomanian bankGT bank barnawa phase 1 , Kaduna, Kaduna stateChristian financeRegional Rural Bankspecialized bankprivate central bankPrincipal Bankmortgage bankonline bankingPayments banksmall finance bankbank of issuepublic bankOffshore bank

+27

Where this came from

wikidata · CC0 1.0

Source repository Registry entry point

Also registered as vr.tr.bank-act

Drafted structure

Bundle to layer to finding to question, as the second pass will find it: 4 bundles · 8 layers · 8 findings · 16 questions.

Identity Which bank.

Identity checks prevent fraud.

Licence

Authorisation.

Licence

Licence and regulator.

  1. Is it a licensed bank, and with which regulator? provenance
  2. What are its BIC and LEI? provenance

Verification

Genuine contact.

Verification

How to verify contact.

  1. Is this website or message really from the bank? boundary
  2. Which official channel should be used instead? action
Services What it offers.

Services decide suitability.

Products

Accounts, loans, payments.

Products

Services offered.

  1. Which services does it offer? definition
  2. What fees apply? measurement

Access

Branches and apps.

Access

Access channels.

  1. How can customers access services? definition
  2. Is support accessible? boundary
Protection Safety of deposits.

Deposit protection matters to customers.

Deposit protection

Guarantee scheme.

Deposit guarantee

Protection coverage.

  1. Which deposit guarantee scheme covers it, up to what limit? provenance
  2. Does the limit apply per bank or per brand? boundary

Fraud

Scams.

Fraud

Fraud protections.

  1. What should a customer do if they suspect fraud? action
  2. Must the agent ever ask for passwords or codes? boundary
Redress Complaints.

Customers need redress routes.

Complaints

Bank complaints.

Complaints

Complaint process.

  1. How is a complaint made to the bank? action
  2. Within what time must it reply? boundary

Ombudsman

External redress.

Ombudsman

External redress.

  1. Which ombudsman handles disputes? provenance
  2. When can a customer go there? boundary

What the second pass must settle

  • Should banks be instances linked to registers?
  • How should agents verify bank communications?
  • How should central banks be separated?
Draft as JSON