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

Utilization summary, Utilization Summary The Utilization Summary shows ...

Utilization Summary The Utilization Summary shows the status of each processor i.e. how much time (in the form of percentage) have been spent by every processor in busy mode, o

What are sections, Layout pages, can describe sections, which can then be o...

Layout pages, can describe sections, which can then be overridden by particular views making use of the layout. Major and overriding sections is optional.

Determine how simulation can be developed, Determine how Simulation can be ...

Determine how Simulation can be developed To determine how a simulation can be developed for use in a real situation the below illustration has been chosen. Scenario chosen is

When web pages containing emails are sent out, When web pages containing em...

When web pages containing emails are sent out they are prefixed by MIME Header. Why? Primarily email consisted messages having simple text written into English and expressed in

What are the standard types of files produced, What are the standard types ...

What are the standard types of files produced? A PDF file is universally recognized by the internet and is also a secure image, given that an electronic footprint remains when

Define encapsulation- object oriented technology, Define Encapsulation- obj...

Define Encapsulation- object-oriented technology Encapsulation also called as information hiding, is the characteristic of separating the external aspects of an object, from t

Explain busy hour call attempts in telephone traffic, With reference to tel...

With reference to telephone traffic, explain the terms BHCA. BHCA: The number of call attempts in the busy hour is termed as busy hour call attempts (BHCA) that is an importa

Quick sort exhibit its worst-case behaviour, In which input data does the a...

In which input data does the algorithm quick sort exhibit its worst-case Behaviour? The Quick Sort method exhibits its worst-case behavior when the input data is " Already Comp

Scope of expert system, The scope of the experts system is very limite...

The scope of the experts system is very limited. It cannot work outside the field it is being used. The users knowledge is required to adjust to new situation. To reduce

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