On August 26, a NUGSB team consisting of 3 MSF students Fayez Najib, Ruslan Baitlessov and Pedro Mantilla under supervision of Dr.Tom Vinaimont was selected as the 1st Runner Up at the Asian FinTech Business Plan Competition organized by IFTA (Institute of Financial Technologists of Asia, Hong Kong).
For the competition, the team wrote and presented a business plan for the launch of SatuPal, an app the team envisions to integrate automated valuation for buying and selling of small- and medium-sized businesses with valuations made by experts. The judges to the Asian FinTech Business Plan Competition stated that "the idea behind SatuPal has high potential and [they] look forward to hearing about the project being implemented." IFTA invited all universities in Hong Kong, Singapore and selected universities in Japan, China, Korea and Kazakhstan to send one selected team of graduate students to participate in the competition.
Congratulations to the team for being selected by the judges as 1st runner up and best wishes going forward with the implementation of SatuPal!