SWIFT Institute University Challenge WinnerRemittances via banks

Fiza Hussain and Sneha Sunkara

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

17k+ islands6th largest

mobile market in the world

Remittance = $ 1.7 Billion

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

NSDT

Phase 2

Phas

e 1

Nada’s Account

Global Payments Innovation (GPI)Initiative – SWIFTBlockchain

Phase One: two options

NSDT

Phase 2

Phas

e 1

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

Government regulation, KYC & AML

Customer Policy

Customer Identification Procedures

Monitoring of Transactions

Risk management

Risk mitigation

International ProtectorReal time screening technology

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

HADU: Benefits for Grandma

HADU: Benefits for Grandma

Potential reduction

in costPricing certainty

Greater convenience

Improved timeliness

Thank you! For more information please visitwww.haduplatform.com

Questions