University of Bath School of Management University of Bath School of Management

MBA students heading to Spain for final of FinTech competition

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Team Green Finance posing in front of a building in Bath

A team of Bath MBA students will travel to Barcelona next week to pitch their financial technology venture idea after reaching the final of the Leading Futures competition external website.

Team Green Finance have created a business model for an app that rewards banking customers financially for reducing their carbon footprint.

The team is made up of Phil Hodgson, Ritika Israni, Siddhant Bansal, Simon Rollings and Chris Bramston.

Leading Futures – organised by Banco Sabadell's innovation hub, InnoCells external website – is an annual conference held at ESADE's external website Barcelona campus. InnoCells aim to launch new digital finance businesses that embrace technology.

Team Green Finance are one of six teams of MBA students to reach the final and will spend two days (23-24 November) at ESADE.

On day one teams will attend workshops with representatives from Google, Business Models Inc. and InnoCells, and hear from industry experts. They can then use what they learn to improve their own business plan.

During the second day teams will pitch their business ideas to a panel of experts. The winners will receive a prize of nearly £1,800.

An imprint on your carbon footprint

Team Green Finance's app aims to incentivise Banco Sabadell customers to become green investors.

It does this by giving users a carbon footprint score based on their transactions. Customers can then reduce this by investing in green finance opportunities.

Carbon positive users will be able to sell their carbon credits, gained through achieving a good score, back to the market and earn money on their investments.

Speaking about the idea, Team Green Finance's Phil Hodgson said:

'Our objective is to ease the process for people who are interested to invest in green finance.

'An investment of $5-7 trillion is required in green finance within the next 13 years to meet the sustainable development goals set by the UN.

'Based on the research, we have clearly identifiable economic drivers, a current need and an existing demand.

'Our app incentivises and empowers everyday customers to transform themselves into green investors.

'Anyone in Europe will be able to discover their carbon footprint, be rewarded when carbon positive and have access to a range of green finance opportunities.'

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For further information / press enquiries, contact:

Email: pr@management.bath.ac.uk
Tel: +44 (0) 1225 386856/ 3841

General Notes For Editors:

The School of Management is one of the UK's leading business schools. Currently ranked 1st for Student Experience (Times Higher Education 2015) and 1st for Business Studies (The Times & Sunday Times University Guide 2016), we are a leading centre for management research - placed 8th in the UK in the latest REF2014.

We are one of a select number of international business schools accredited by EQUIS, the European Foundation for Management Development's quality inspectorate and the Bath MBA has been accredited by the Association of MBAs (AMBA) since 1976.

The centrality of research to teaching is an essential feature of all our programmes. The School offers a full range of programmes from undergraduate to postgraduate up to PhD level and post-experience programmes including the world-ranked Bath MBA. The School also provides tailored executive development programmes for middle and senior management.

The School of Management has a faculty of over 100 teaching and research staff, including visiting academics, with a professional support team of around 90 managerial and administrative staff. Research income averages £2 million per annum. There are approximately 2,400 students in total comprising some 150 MBA students, over 500 Master’s students, 250 full- and part-time research students, and over 1500 undergraduates following BSc degrees.