NEWGTEK
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 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 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.
- Deploying features that encourage contributions regardless of literacy and numeracy levels — including in contexts with limited internet coverage
NEWGTEK ATM enables individuals to deposit cash into any bank account by self, without the help of a banker.
- Idea: A plan or concept by an individual or organization.
- A new business model or process
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.
NEWGTEK ensure the security of payment gateway security with deep tech.
- Artificial Intelligence / Machine Learning
- Behavioral Technology
- Big Data
- Imaging and Sensor Technology
- Internet of Things
- Manufacturing Technology
- Software and Mobile Applications
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 enables self service banking system, and making it easy and simple banking for informal sector.
NEWGTEK ATM is an easy, self service, and user friendly banking system, with adequate security and protection.
NEWGTEK solutions are interoperable with existing technologies and open standards
NEWGTEK ATM can work in low connectivity environments, does not require high literacy, and can serve any numeracy level.
- Women & Girls
- Pregnant Women
- Informal Sector Workers
- Migrant Workers
- Elderly
- Rural Settings
- Low/No Connectivity Settings
- Peri-Urban
- Urban
- Poor
- Low-Income
- Middle-Income
- Refugees & Internally Displaced Persons
- Minorities & Previously Excluded Populations
- Stateless Persons
- Nomadic Populations and Pastoralists
- Persons with Disabilities
NEWGTEK is still on the idea stage, with core business concept defined.
My goal within the next year is to start the development of NEWGTEK ATM, and within the next five years my goal is to start serving the global communities with NEWGTEK ATM.
The barriers currently exist for me to accomplish my goals in the next year and in the next five years Funding, Legal backups, and Advise.
I have planned to overcome this barriers by apply to MIT challenges.
- Hybrid of for-profit and nonprofit
I have the passion to drive this success.
Non yet.
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.
- Organizations (B2B)
NEWGTEK will achieve its financial sustainability by selling it's ATM to institutions and Governments, and little subscriptions For maintenance services.
Not yet.
I am seeking to raise $5,000,000 as equity.
$300,000
I am applying to the Mission Billion Challenge WURI West Africa Prize in order to acquire Funding, Legal assistance, connections, Advise, and exposure in achieving this dream.
- Solution technology
- Funding and revenue model
- Talent recruitment
- Board members or advisors
- Legal or regulatory matters
- Marketing, media, and exposure
Any partner am engaging with must have the potential needed in driving this project to success.
I will like to partner with any of this groups: MIT, PAYPAL, VISA, AND WORLD BANK.
