Open banking or open data is driving digital transformation. It allows customers to receive better deals from their banks by permitting financial information to be shared with other banks and external providers.
“SWIFT is one of the major financial organisations in the world and their technology and standards underpin the global financial system,” said Dr Daniel Gozman. Sibos is their major international conference where they invite students to present at the 7,500 attendee conference.
Students from India, China and Indonesia tackled the big issues surrounding open banking at the challenge.
JinShuo (Coral) Xu, Lan Han Lan and Shenxiang (Sybil) Xi from China, Sangeetha Sridhar from India, and Ericka Dewi from Indonesia took part in the challenge.
Lan said “we have actually already won when we entered as finalists in the competition”. The teams did not take out the first prize but the experience is invaluable.
Dr Daniel Gozmen explained that “previous students have found it easier to find work in good jobs in financial services on the back of being finalists of this competition.”