NEWGTEK

My name is Davidson Akujiofor, I am an entrepreneur with the creative vision of solving basic problems for the human race. In NEWGTEK, my focus is to solve basic problems affecting the global banking system.

NEWGTEK is creating a financial technology that will conform with our vast changing world, which will become the best practice of our global ecosystem which the new world has presented to us.

NEWGTEK is building the new generation ATM that will enable individuals to deposit cash directly into their bank account by themselves at the ATM without the help of a banker. It enables individuals to perform all financial transactions in self service form with advancements and adequate securities.

NEWGTEK ATM can detect currencies, denominations, and fake bank notes(counterfeits). which is a technical means of curbing the spread of counterfeit money.

NEWGTEK is curbing the spread of money passing from hand to hand, which could be a fast means of spreading virus and diseases among humans, by enabling individuals to deposit their cash money by themselves at the ATM without the help of a banker, It is a method of promoting a total 100% self service banking system.

As Bill Gate may say "We did not prepare for this outbreak" So The adoption of NEWGTEK ATM is a way to prepare against current and future pandemic outbreak.

Below are few of the objectives which NEWGTEK aims to achieve:

1. To achieve a total cashless society.

2. To eradicate the spread of viruses and diseases through cash flow among individuals.

3. To stop the effects of banking holidays on businesses, institutions, individuals, essential service providers, and the economy at large.

NEWGTEK ATM enables people to deposit their cash into their bank account by themselves, without the help of a banker.

The adoption of NEWGTEK ATM stops the negative effect of banking holidays on business, institutions, and other essential service providers.It is the root to a total 100% self service banking system, and it promotes a cashless society.

NEWGTEK ATM is the revolution of our global banking system. It is the best practice of our global ecosystem for our vast changing world, which the new world has presented to us.

NEWGTEK ATM will be serving the global community where people are in need of a simple and secure self banking system.

`NEWGTEK is elevating issues of cashless policies, and a total self service banking system by building it's awareness and driving action to solve this most difficult problem of our world.

NEWGTEK ATM came in an effort for me to find solutions to the following issues affecting human race:

1. In an effort to curb cash flow among humans, which could be a fast means of spreading diseases.

2. In an effort of finding solutions to curb the effects of banking holidays on business, institutions, and other essential services.

3. In an effort to promote cashless policies which has proven quite difficult in developing countries like Africa.

4. In an effort to promote a total100% self service banking system

5. In an effort of finding the best practice of our global ecosystem, for our vast changing world which the new world has presented to us.

My passion came as a result of me been tired of how the banking systems are been practiced.

I have a great passion to solving basic problems for humanity.

My ability is in my passion to change our world for good.

I am not money driven, my joy lies in solving problems affecting humanity.

NEWGTEK ATM is the revolution of the global banking system, It will drive the banking system to a total self service form.

NEWGTEK ATM buttons are electronically disinfectant which makes it safe and hygienic for public usage.

NEWGTEK ATM creates a security door which allows only one customer inside, and it automatically opens once transactions are concluded.

The adoption of NEWGTEK ATM will create a huge positive impact on humanity. It creates lots of safety measures in handling money and finance.

NEWGTEK ATM will totally change how people practice the banking system.

It will stop the effect of bank holidays on other businesses, institutions, essential service, and the economy in general.

It will stop the spread of any diseases through cash flow.

NEWGTEK is currently on the idea stage and it will still be in the development process within one year, but it will be serving global needs within five fears.

My goal withing next year is to be achieving success in building NEWGTEK ATM, and my goal within the next five years is to establish NEWGTEK across the globe.

The barriers that currently exist for me to accomplish my goal in the next year and next five years are:

1. Financial capital

2. Technical machinery

3. Legal backup

I have planned to overcome this barriers by bringing my project to the Elevate Prize program, and seeking partnership and collaboration with The Elevate prize group.

I have not been engaged into any partnership with any organization.

NEWGTEK is building the new generation ATM that will enable individuals to deposit cash directly into their bank account by themselves without the help of a banker, and perform all bank transactions in a self service mode.

NEWGTEK will achieve its financial sustainability by selling it's ATM to institutions and Governments, and little subscriptions.

NEWGTEK has not raised funds, and is not currently generating revenue.

NEWGTEK is seeking to raise Ten million dollars in financial capital as grant or equity, with potential partnership for it's goals. Because it aims to serve global economy.

NEWGTEK is seeking to raise one million dollars in 2020 to kick off it's project.

I am applying for The Elevate Prize in order to raise financial capital, and seeking potential partnership with The Elevate Prize  in achieving the goals for NEWGTEK ATM.

My aims of partnership is to achieve the revolution of NEWGTEK ATM.

I will like to partner with The Elevate prize group, The MIT SOLVE, And the world bank in achieving this goals. If possible with PAYPAL, and VISA too.