SWIFT Institute University Challenge 2016
Earlier this year the SWIFT Institute launched a new competition targeting university students. The 2016 SWIFT Institute Challenge focused on remittances via banks. Applicants were required to identify a solution that would enable a bank customer to send money cross-border, via their own bank to an individual in a country where there is little or no banking infrastructure. The winning team, voted on by the SWIFT London Business Forum audience in April this year, are from the UK's Warwick Business School at the University of Warwick. Their idea, entitled HADU, focuses on using near sound data technology (NSDT) to deliver mobile money, and a network of branded high-security buses to deliver physical cash, to recipients in Indonesia. The aim of the SWIFT Institute Challenge was to stimulate innovation and creative thinking amongst the university ecosystem, all while making a positive and practical difference to the broader financial industry. Is HADU a viable solution to the challenge of global remittances? Come and meet two of the young and dynamic students from the winning team, Fiza Hussain and Sneha Sunkara, and hear them discuss their winning idea.