Customer credit-rating software , Computer Engineering

Assignment Help:

Gordon Grant, majority shareholder and Chief Executive Officer of Finance-IT Ltd, is determined to be one of the entrepreneurs making money out of the recession. He started the firm in 2005 with the aim of producing high-quality software aimed at helping banks identify and serve customer needs. In 2007 Finance-IT Ltd expanded its business interests by setting up the on-line payment firm SecurBuy which now handles 25% of on-line payments in the UK. Gordon is convinced that banks need his firm's services more than ever in the current recession. Finance-IT Ltd software customers include banks in the UK, US and EU.

The current market for customer credit-rating software is dominated by FiFind, software developed by Financial Solution Inc, of New Jersey, US.  Gordon believes that collecting more detailed data about customers - how people use their bank accounts, on-line bill-pay services, debit cards and credit cards - will make predictions of customer default more accurate than those provided by FiFind. Much of the required data could be collected from Finance-IT software already established in banks and over the last year half the Finance-IT computer engineers have been mapping out where these disparate pieces of data can be found. Gordon intends to hire mathematicians and data administrators to design algorithms that draw information from such data.

He has asked Valerie to produce a report using some projected figures to show the minority shareholders how investment in software development could result in increased profits despite the current economic downturn. Valerie has asked you to start work on this.


Related Discussions:- Customer credit-rating software

What is input - output interface, The I/O interface provides a technique fo...

The I/O interface provides a technique for transferring information between external I/O devices and internal storage. Peripherals linked to a computer require special communicatio

Selection - artificial intelligence, Selection - artificial intelligence: ...

Selection - artificial intelligence: However the first step is to choose the individuals that will have a shot at becoming the parents of the next generation. Hence this is kn

Unification, Unification: As just above this we have said that the rul...

Unification: As just above this we have said that the rules of inference for propositional logic detailed in the last lecture can also be required in first-order logic. Moreov

Purpose of storage - computer architecture, Purpose of storage: Several...

Purpose of storage: Several different forms of storage, based on different natural phenomena, have been invented.  So far, no practical universal storage medium persists, and a

Projects on cluster computing, Some famous projects on cluster computing ar...

Some famous projects on cluster computing are as follows: High Net Worth Project: (developed by: Bill McMillan, JISC NTI/65 - The HNW Project, University of Glasgow, The prim

Elements of composition, The Elements of composition are the formal languag...

The Elements of composition are the formal language used to communicate in the visual arts. The elements of composition can be loosely broken into 5 main elements, Line, shape, val

What are the advantages of carrying out simulations, What are the Advantage...

What are the Advantages of carrying out simulations -  saves cost (instead of doing the real thing) -  Safer (scenarios tried out on the simulation first before used in real

Rationales for an effective and independent regulator, Question: (a) W...

Question: (a) What are the rationales for an effective and independent regulator? (b) Across Africa, regulators have established Universal Service Funds (USFs) in order to

C programming, write a program to find the area under the curve y=f(x) betw...

write a program to find the area under the curve y=f(x) between x=a and x=b,integrate y=f(x) between the limits a and b

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd