Nigerian, team win $15, 000 in FinTech competition

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April 28, 2016 5:52 PM

Mohammed, from Gombe, Nigeria, 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.

HADU Team

Media reports reveal that Nigerian Mohammed Dankwambo will share £15,000 with five other university students after their Fintech idea wowed judges at the SWIFT Business Forum London.

According to Nigeria CommunicationsWeek, 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, Nigeria, 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.

SWIFT (Society for Worldwide Interbank Financial Telecommunication) is the global network that enables financial institutions to send and receive information about financial transactions.

Tasked with finding a solution to solve 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.

"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," said Mohammed.

“This is a great win for WBS and the University that reflects the quality of the research and teaching at Warwick,” said Assistant Professor of Information Systems Management & Innovation and co-author of The Society for Worldwide Interbank Financial Telecommunication (SWIFT), Markos Zachariadis.

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