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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 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.
State your goals.
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.
What problems (particularly in value chain competitiveness and global disruption) are your community’s stakeholders facing due to the Covid-19 pandemic?
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, 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.
What minimum viable solution(s) are you proposing to address the challenge(s) in your community?
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.
Share your story (your narrative)
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.
Please provide any additional relevant information that you would like to share.
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 is creating a financial technology that will conform with our vast changing world, which will become the best practice of our global ecosystem that the new world has presented to us.
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Users tagged:
Hi David, did you build this ATM ? Or it's an idea for a new version of ATM? As some banks here in Nigeria have ATMs which allow you to also deposit not only withdraw.
The ATM has not changed much in many years so I think it is time for a disruption/improvement
Hello Davidson
I appreciate your idea which will revolutionize banking industry especially in using ATM and deposition of money to achieve a total cashless society.
I would like to request more clarification about how you will change the mindset of people who did not use banking services to eradicate the spread of viruses and diseases through cash flow among individuals.
Hi davidson thank you for your wonderful innovation. i can't wait to see your ATMs working it will really save alot of chaos. However i am interested on how you are achieving the cashless society as you mentioned in your goals? can you clarify that to me please. another point is how are you planning to convince the banks to replace their ATMs with yours regarding the security concerns and centralization. otherwise i have faith that your innovation is the future of ATMs congrats
Awesome idea, but i think some commercial banks in Africa has started this already, your might want to add more creative features to yours. is their an MVP for this already?
On point 1, you mention, 'To achieve a total cashless society'...Doesn`t cashless mean, no use of physical cash to some degree? You should also analyse if the mobile might affect your idea since most businesses (banks especially) are doing away with Brick and mortar sort of business. Also, please load your photo.
Users tagged:
How do you ensure the security of payment gateway security?
Hi, Davidson trust you doing great and staying safe in this covid19 pandemic
Your project is great and calls for collaboration with other stakeholders for scalability in your country.
My suggestion is that you verify regulatory practices in your country and make your you are building for a ready and hungry market that will buy into your project.
All the best
See you are the top.
How is your project different from existing technology? Is the machine smaller/portable?
Hi Davidson, you have my votes because of what I have experienced while trying to deposit money with POS operators in rural areas. Their deposit fees are too high- as high as a hundred naira per thousand naira deposit. Your ATM will be competitive if you can make the fees to be lower than those of the competitors around, particularly on weekends. You have my vote!
The new tech, is it a project you are currently working on? Also, the automation of detection of currency denomination, is this technology already available to integrate into your system or something you need to spend year on research
Hello Mr Davidson quite innovative,this will really revolutionize the banking systemI really appreciate that your idea will be able to dictate fake currencies and as well enable individuals carry out all banking transactions on their own.I will like to know 1.How you plan to integrate with the financial institutions 2.Are you building a new ATM machines or is your innovation integrating with the already ATM machines.Well done for your idea,you have my vote kindly visit https://cocreate.itu.int/post/3466710 for your vote.
Nice one. Have you checked the CDM (Cash eposit Machine) from Standard Chatered? https://www.sc.com/pk/ways-to-bank/inperson-c...it-machine.html
They have one in the shopping mall near where I live and nit works awesomely!
In the meantime, you may want to have a look at our idea and vote for it if yo like it: https://cocreate.itu.int/post/3496670