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Shape the future of banking with the Santander Universities Big Ideas competition

Thursday 3 December 2015

Santander is a partner of QMUL via a collaboration agreement that provides funds for scholarships, mobility grants, internships, support to entrepreneurs and other activities.
This year Santander is launching a new initiative across the UK and would like you to take part in it.

It’s called Big Ideas and through it Santander wants to engage with the university community to find out what you would like your bank of the future to look like. If you are creative, good at problem solving and have a great idea that will shape the future of the financial industry, then Santander wants to hear from you.

The competition is very simple.

Santander have picked up three challenges that they would like to pose to you:

The future of semantic search
Semantic search could be a great tool to help digest customer data. Help Santander understand how.
The future of digital authentication
If someone had told you 10 years ago that, in the future, you’d be able to unlock your phone with your fingerprint, would you have believed them? What do you think is next?
The future of virtual banking
Virtual reality is the seamless transition from the physical to the virtual world. How can it be used to improve Santander’s customer experience?

You will have to provide solutions to these challenges ensuring that they fit within a certain criteria.

Santander have up to £20,000 to give away to students and graduates as part of the Big Ideas Challenge.

How the prize money will be awarded:

Best overall phase 1 submissions: up to 30 prizes of £50. These prizes will be given to the 30 best entries in phase 1, which will be judged based on the entries creativity, feasibility, viability and credibility.

There will then be a further four prizes available for phase 2 applicants that will be:

The future of semantic search category winner: £5,000
The future of digital authentication category winner: £5,000
The future of virtual banking category winner: £5,000
Creative thinkers award: £3,500. This prize will be awarded to an entry from phase 2 that has shown an excellent level of creativity or innovation, but that did not necessarily meet the judging criteria outlined.

Whilst the financial prize is available, finalists will also be given the opportunity to:

  • Develop ideas with engagement from Santander’s Innovation team, leading to solutions that could be commercialised
  • Present their idea to Santander’s senior or executive teams
  • Gain valuable experience for their CV
  • Contextualise their academic experience using a real life business challenge

To find out more about the challenge go to https://www.santanderuniversities.co.uk/enterprise/win/big-ideas?t=1445513902

Visit the Santander branch at the Mile End campus to talk through your ideas.

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