Recently updated on August 15th, 2017 at 11:45 am
Mohammed Dankwambo and HADU Team Mates Win £15,000 At Society for Worldwide Interbank Financial Telecommunication (SWIFT) Fintech Competition.
Mohammed Dankwambo 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, and 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.
Mohammed Dankwambo said:
“We were so excited when we heard our name on stage, even after one day, we still can’t believe it. We are very happy and really looking forward to further develop our idea.”
The 2016 Challenge was open to any UK-based recognised university, or centre of learning, with an interest in banking and asked students for a solution that would enable someone to send money from their UK bank account to an individual in a country where there is little or no banking infrastructure.
Held at the Tobacco Dock in London, each team was given 10 minutes to pitch their idea to the judges who came from across the financial services industry.
They took on teams from King’s College London, Queen Mary University of London and London School of Economics and Politics, with HADU coming out on top.
