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SMU FinTech Case Competition 2022
Name of the competition: SMU FinTech Case Competition 2022
About the competition: The competition was organised in collaboration with leading FinTech global companies, M-DAQ and Payoneer. With digitalisation, E-Commerce is rapidly adopted and ever evolving. The competition aims for creative individuals to propose new ideas to reinvent traditional FinTech processes in E-Commerce, involving new fintech trends such as Web3, which unveils new challenges and opportunities.
Date of the competition: 29 July 2022
Achievement: Overall 1st Runner-up and 1st under VR/AR in Metaverse Competition Category
Prize: $1,500
REP Students: Ng Li Lin Evonne, Aw Yu Ling Jewel, Kek Shi Min Emmelyn, Lam Jun Lin, Tee Wen Hui
Product/Proposal: MetaX
Description: The MetaX one-stop-shop experience involves 3 key elements - VR headset, MetaX app, and MetaX Web3 payment engine. The VR headset and MetaX App allow users to have a seamless checkout experience with multiple shops at their fingertips. The MetaX Engine is a state-of-the-art tool which builds on M-DAQ's proprietary FX Compression Technology and Payoneer's universal end-to-end payment platform. It allows merchants to collect their revenue in their preferred currency while the shopper can pay for their universal cart with multiple items from multiple shoppers in their preferred mode of currency (including cryptocurrency).
