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2019 Global Business Challenge | Finalist Presentations

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Customs House

River Room

399 Queen Street

Brisbane, QLD 4000

Australia

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On behalf of the host university, the University of Queensland cordially invites you to watch the finalists present their solutions to the 2019 Global Business Challenge of FinTech. The finalists have been tasked with developing solutions to improve trust and customer value in the delivery of financial sector services.

Teams are competing for $125,000AUD in-cash prizes, to be awarded at the Gala Dinner on 3 October 2019.

Please join us and support the teams as they reveal their solutions to an Executive Judging Panel of senior executives from government, industry and the finance community.


Earth, Inc. - The University of Queensland (Australia)

Earth Inc. aims at enhancing the trust and value in pension and superannuation funds. This is done by providing these funds with previously unconsidered insights into their financial risk from climate change, as well as empowering individual investors with data to make informed decisions regarding their environmental values.

Our IT solution, based on Big Data Analytics, Artificial Intelligence and Machine Learning, will enable corporate investors to disclose useful data on climate risks to their customers and other stakeholders. The assessment takes into consideration not only the impact climate change has on companies, but also how companies’ actions impact the climate.


Finevestment - Otto von Geuricke University Magdeburg (Germany)

Finevestment is a platform that enables the poorer segments to multiply the impact of their idle fund and savings and provide them higher returns through access to micro-stock investment. It is in the form of website and native mobile application that is networked through seamlessly fast, secure and inexpensive shared distributed ledger technology (similar to Blockchain).

People can micro-invest from amounts starting from $2. It is the community taking care of the community model but rather than charity it is a financial innovation that bolsters returns for the helpers and reduces the hurdles of those who need it.

By making access to capital investment universal with sophisticated tools, Finevestment aims not just to elevate the life of tens and millions of people, help companies reach their full potential through more capital injection in the market but also correct the financial market structure and make it ease towards efficient market hypothesis model, in which stocks are always traded at their fair value on stock exchanges, making it impossible for investors to either purchase undervalued stocks or sell stocks for inflated prices.


Mujeres WOW - Universidad de los Hemisferios & Universidad Casa Grande (Ecuador)

US Geological Survey has recorded 813,856 within the period of 2000 to 2010 due to earthquakes. Rescue for earthquakes are still inefficient. These involve sniffing dogs, CO2 monitors, having a very poor success rate owing to their localized detection ability and low mobility.

We aim to make a product that would be with a person at all times, without bothering him/her, detecting his heartbeat once faced with a calamity and sending his location to the rescue team. We propose our solution, Acolyte, an RF based bio-radar system integrated with heartbeat detection, to find the location of victims.


MyWealthTree - Laurier University (Canada)

MyWealthTree allows users to take control of their financial well-being by focusing on knowledge, behaviours, and attitudes. Customized modules build the user’s financial knowledge. Personalized tools help them put their knowledge into practice and track their financial wellbeing. The app generates a positive feedback loop that develops sound financial behaviours and attitudes.

A lack of financial literacy is a major impediment to the development of trust between consumers and financial institutions. As users become more knowledgeable and financially independent, they are able to build stronger relationships with their financial institutions.


Quokka Cola - Peking University (China)

In a time of record liquidity in capital markets, the lack of funding for small-scale infrastructure projects continues to disenfranchise poor communities in developing countries.

DemosCapital connects investors to small-scale infrastructure projects through P2B lending, equity crowdfunding, and blockchain technology. It uses existing fintech to mobilize private capital towards projects that would boost development in rural and marginalized communities.

DemosCapital leverages the security, transparency, and decentralization offered by blockchain to realize benefits such as reduced transaction costs. DemosCapital will feature tradable tokens that will provide liquidity to investors, a feature that is not available in common cryptocurrency-based platforms.


Safe-TM - University of Arizona (USA)

Safe-TM is an application that makes ATM withdrawals safer, by eliminating the vulnerabilities associated with every card withdrawal. The current two-factor authentication system involves physically inputting a card and pin number into an ATM. This method has been proven ineffective at eliminating the vulnerabilities that scam artists take advantage of when committing financial fraud. Safe-TM helps to connect independent ATMs - the fastest growing market for ATM networks - with banks and users, while simultaneously eliminating the need to use both cards and ATM keypads altogether. It eliminates the innate vulnerabilities found with every card withdrawal, but also introduces a third layer of authentication by use of smart phone technology, that being biometrics. Safe-TM will make every ATM withdrawal much safer in this ever more digitalized world.


Incredibles - Indian Institute of Management Kozhikode (India)

Success of financial services depend on accessibility, reliability and literacy about the services. On these pillars, our solutions promise to deliver trust and value to customers through application of blockchain, mobility and data for insurance and financial literacy.

Live data from customers’ cars and medical reports are crunched by insurance companies to predict their risk index and to determine premiums dynamically. Trust increases as the process is transparent and customer cannot conceal information.

A mobile app is proposed that teaches children the technique of savings, depositing and investing money, to instill financial literacy at a young age, thereby adding value.



What is the Global Business Challenge?

A multidisciplinary graduate business case competition to design sustainable solutions to global problems.
To find out more, please visit www.globalbusinesschallenge.org


Date and Time

Location

Customs House

River Room

399 Queen Street

Brisbane, QLD 4000

Australia

View Map

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