Customer credit-rating software , Computer Engineering

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.

Posted Date: 2/22/2013 7:21:56 AM | Location : United States

Related Discussions:- Customer credit-rating software , Assignment Help, Ask Question on Customer credit-rating software , Get Answer, Expert's Help, Customer credit-rating software Discussions

Write discussion on Customer credit-rating software
Your posts are moderated
Related Questions
Q. Why we use Modem? A Modem is one device which most computer users who have surfed Internet are aware of.  A modem is neededsincehowever most of telecommunications have becom

Edith & Associates is a modern law firm. They have an Internet Link that is an ADSL 8MB links from JJNET. The server they are to deploy will the main service giving  server and wil

Question: a Describe the following terms with reference to video editing: 1. Video frame rate 2. Pixel aspect ratio 3. Frame size 4. Temporal compression 5. Spatial comp

Question 1: (a) How would you explain human reasoning? (b) Explain the different types of human reasoning? Question 2: (a) What are the computational factors affec

Minimax search: Always notice there that the process above was in order for player one to choose his and her first move for that. The whole entire process would require to fre

What are different types of Log records? V1 and V2.  V1 must be processed before V2.  But, we can have more than single V2 logs

Q. Explain types of assembly programs? Assembly language programs can be written in two manners: COM Program: Having all segments as part of one segment EXE Program: that hav

Define BCD. A binary code that distinguishes between 10 elements must contain at least 4 bits, but 6 combinations will remain unassigned. Numerous dissimilar codes can be obtai

Define asynchronous bus. Asynchronous buses are the ones in which every item being transferred is accompanied by a control signal that shows its presence to the destination uni

A distributed workstation cluster must be viewed like single computing resource and not as a group of particular workstations'.  Details of cluster were: 150MHz R4400 workstatio