Skip to main content

UOWD Alumni’s innovative concept awarded second prize at FGB Hackathon

Thursday, 01 December, 2016

Alumni from the University of Wollongong in Dubai (UOWD) recently took part in a Hackathon, organised by First Gulf Bank (FGB) and Synechron, challenging their abilities to find innovative solutions to challenges faced by the UAE banking industry.

Virtual and Augmented Reality has taken the world by storm in the recent year – think Pokemon Go, Playstation VR and Occulus Rift. Still in its early stages of development, these two technologies prove to have endless possibilities in the future. Linking this concept with the major developments in digital transformation the UAE banking industry is undergoing, including features such as remote cheque deposit, cardless cash and Emirates ID integration the hackathon aimed at developing a web or mobile app which will benefit the banking industry.

Held at al Maryah Island - Abu Dhabi Global Market, more than 20 teams competed in the challenge. Focussing on how Augmented Reality or Virtual Reality could be used by banks or by their clients to enhance their banking experience or add value to their and their family’s lives, Shawn Frank and Ronak Dave, UOWD Alumni and staff at the Faculty of Engineering and Information Sciences, came up with two unique concepts which saw them taking the prize as first runners up.

The first concept they developed was a service that enables FGB to place virtual coins all over Dubai. FGB customers can use augmented reality, GPS and the coins’ beacons to locate coins and collect them. Customers then will be able to spend these coins in FGB market place. These virtual coins concept could be used for advertising, marketing, promotions, discounts and attracting the customers to different locations.

The second idea revolved around the same concept but with the objective of raising awareness to be financially responsible from an early age. The concept called Limitless Virtual Bank, gives the child the opportunity, with the assistance of their parents, to create a virtual bank account. They will be awarded with virtual money with the worth determined by their parents e.g  AED15 – AED25 for tasks they have completed successfully such as cleaning their room or washing the dishes. When the child claims the reward for tasks completed, based on luck they will be rewarded anything between AED 15 - AED 25. This demonstrates the “gamification” aspect of the application. Using virtual reality and gamification, makes concepts fun, interactive, engaging yet educational at the same time. Furthermore, they can virtually deposit or withdraw the money or create a wish list of things they want. They can then access their virtual bank account to see how much “money” is still outstanding to buy the item.

Commenting on behalf of himself and Ronak, Shawn said that they always enjoy taking part in such competitions because it is really high intensity and the competition is very strong. On this occasion the subject was relatively new to them and they found it highly motivating to challenge themselves in testing their knowledge and skills.

Learning from the experience, Shawn said: “One is always tempted to include a lot features in an application or service, but we have realised that when it comes to developing a product, less is more”. “It is more important to develop and app with a few features but addresses the problem it aimed for. Cutting out unnecessary and forced additions helped our idea be relevant”, he concluded.

UOWD in the news

Bodour Al Qasimi promotes Mohammed Al Musharrakh to CEO of ‘Invest in Sharjah’

By Gulf Today, Gulf News, Total UAE

Mohammed Juma Al Musharrakh had been appointed Chief Executive Officer of the Sharjah FDI Office (Invest in Sharjah). More...

UOWD hosts inaugural Middle East CASE Conference

By Yahind

Conference supports advancement of education in the region through shared insights and knowledge. More...

Indian Billionaire B. R. Shetty Is Now Venturing Into Higher Education

By Dubai Forum, Wealth-X

After building a healthcare empire in the U.A.E., Abu Dhabi-based Indian billionaire B. R. Shetty is entering the region’s lucrative higher education sector. More...

Sarra scoops multiple honours in rowing and swimming

By Khaleej Times, The Middle East North Africa Financial Network

Rising sporting star Sarra Lajnef continues to excel in rowing and swimming championships in the region. More...

Dubai Electronic Security Center Receives Overwhelming Interest From Regional and Global Universities For The AED 700,000 ‘Innovation In Cyber Security Award' Competition

By Dubai PR Network, Total UAE, The Middle East North Africa Financial Network

Call for submission for the ‘Innovation In Cyber Security Award’ has earned overwhelming response from regional and global universities. More...

UOWD logistics students tour Jebel Ali Port in Dubai

By Arabian Industry, Dubai Forum

The Master of Science in Logistics at UOWD has been running in the UAE for the last 10 years and is one of the region’s most popular postgraduate courses. More...

Career focus need not stymie personal advancement

By Gulf News Smart Edition

Commitment to study runs deep in employed aspirants, experts say. More...

Most postgraduate students are working people

By Gulf News,

Most of the postgraduate students in the UAE are working people, said universities in the UAE. More...

Chairman Of Dubai-Based University Awarded Order Of Australia

By UAE Today, YaHind, Dubai Forum, Dubai Informer, Go Dubai

Peter Robson, Chairman of the University of Wollongong in Dubai’s, UOWD, Board, has been awarded the Order of Australia, OA. More...

9th Sustainable Development & Inclusive Growth Congress discusses ways to achieve global sustainability

By Go Dubai

Congress focused on the need to follow the principles of sustainable development and inclusive growth to meet global challenges and global sustainability More...

Copyright © 2018 University of Wollongong in Dubai   | Privacy | Disclaimer | Site map