During the 2012 NAFSA Conference and Expo, the GoAbroad Team was pleased to announce the winners of the 2012 Innovation Awards. As part of a continued effort to recognize the hard work and dedication this year's nominees, GoAbroad will be sharing individual features of the 2012 GoAbroad Innovation Awards finalists over the coming weeks. This week, we are thrilled to bring you the Innovative Use of Technology finalists!
Please join us in congratulating the following Finalist of the Innovative Use of Technology Award:
FundsV Working Group
"FundsV Working Group Online Banking"
Assembled at the request of Belgium-based SWIFT (Society for Worldwide Interbank Financial Telecommunication), the FundsV Working Group is establishing global standards designed to improve the efficiency and integrity of the funds verification process for international student applicants around the world. FundsV has effectively mated one critical admissibility indicator for global student mobility – proof of funding – with online banking. Consumers in many pockets of the world have reached a critical mass where banking online has become the norm. FundsV provides a secure and reliable way for those consumers to point their banking data, which already exists “in the cloud”, to their authorized host in order to satisfy the requirement to prove financial capacity.
Congratulations to FundsV Working Group for being selected as a 2012 Finalist of the Innovative Use of Technology Award!