SWIFT Institute Student Challenge

Financial Solutions from the Next Generation

The 2018 SWIFT Institute Challenge calls on Australian-based students to devise new ways and means of protecting personal information in an open banking environment.

SWIFT Institute challenges university students to help secure personal banking data.

One of the most recent developments driving digital transformation is that of open banking (or open data) – a regime that aims to put customers at the centre and allow them to receive better deals from their banks by permitting financial information to be shared securely with other banks and external providers. However, this brings with it the increased risk of personal banking data being compromised. Ensuring data privacy is therefore of utmost importance in this new environment. In this, our third annual Student Challenge, we invited students enrolled in Australian universities to develop ideas on how to keep personal information safe in an open banking environment.

Spread over two back to back sessions on the afternoon of Wednesday 24th October, eight semi-finalists will pitch their idea to the audience and a panel of expert judges at Sibos 2018 Sydney.

We are pleased to announce this year’s semi-finalist teams are from:

  • University of Sydney
  • University of Technology Sydney
  • University of Melbourne
  • Monash University
  • Carnegie Mellon University – Australia

The overall winner receives a grand prize of AUD 30,000. We wish these ingenious students the best of luck as they compete to see who will win this prestigious award.