swift institute university challenge winner · team members - warwick business school from left to...
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SWIFT Institute University Challenge WinnerRemittances via banks
Fiza Hussain and Sneha Sunkara
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Team members - Warwick Business School
From Left to Right
Top row:
− Yat Hung To
− Mohammed Dankwambo
Bottom Row:− Qotrun Nada Haroen
− Sneha Sunkara
− Fiza Hussain
− Yunjing Li
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17k+ islands6th largest
mobile market in the world
Remittance = $ 1.7 Billion
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Current process
Sending Bank Receiving Bank
Central Counterparty
Sending correspondent / liquidity server
Central Counterparty
Receiving correspondent
Lifting fees Lifting fees
FX cost ££££ £ Rp Rp
£èRp
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NSDT
Phase 2
Phas
e 1
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Nada’s Account
Global Payments Innovation (GPI)Initiative – SWIFTBlockchain
Phase One: two options
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NSDT
Phase 2
Phas
e 1
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Finances: end-to-end servicesC
urre
nt p
roce
ssH
ADU
pla
tform
NetworkBus
TransferNSDT
Free 0.6% 1.2%
Network Set up Branches
£èRp
Sending Bank Receiving Bank
Blockchain
GPI Initiative
Lifting fees Lifting fees
ORSending Bank Receiving Bank
Central Counterparty
Sending correspondent / liquidity server
Central Counterparty
Receiving correspondent
FX cost £££
£ £ Rp Rp£èRp
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Government regulation, KYC & AML
Customer Policy
Customer Identification Procedures
Monitoring of Transactions
Risk management
Risk mitigation
International ProtectorReal time screening technology
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Key Security Components
Two Factor Authentication• Pin code,
barcode
Insurance company• Global company
with branches in Indonesia. Only 3% of Indonesian (0.2 billion) had the insurance by 2010.
Secure Transfer Vehicles• Cash
transportation service with GPS tracker
Oversight• Trained and
professional staff monitor the security
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HADU: Benefits for Grandma
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HADU: Benefits for Grandma
Potential reduction
in costPricing certainty
Greater convenience
Improved timeliness
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Thank you! For more information please visitwww.haduplatform.com
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Questions