A Nigerian student in United Kingdom, Mohammed Dankwambo will share £15,000 with five other colleagues after their Fintech idea wowed judges at the SWIFT Business Forum London.
The team called HADU from the UK’s Warwick Business School (WBS) beat six other teams – including three more from WBS – in the final to win the inaugural SWIFT Institute Challenge.
Mohammed, from Gombe, and team-mates Fiza Hussain, Sneha Sunkara, Yunjing Li, Yat Hung To and Qotrun Nada Haroen, were presented with the cheque by Harriett Baldwin, Economic Secretary to the Treasury.
They also won a trip to Sibos, the annual financial services event held in Geneva this September by SWIFT (Society for Worldwide Interbank Financial Telecommunication) – the global network that enables financial institutions to send and receive information about financial transactions.
Tasked with identifying a solution to address the challenge of remittances via banks in the UK, HADU presented a solution that focused on using near sound data technology to deliver mobile money and a network of branded high-security buses to do the ‘last mile’ and deliver the cash in Indonesia.
Congratulations to the team!