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
Explain simple telephone communication system with circuit and equation of current flow in microphone? Simple Telephone Communication: In the simplest type of a telephone cir

What are benefits of having densely packed Integrated Circuits? These are stated below: Reliability: The integrated circuit interconnections are in fact more reliable

What are escape sequences characters? List any six of them.  The characters which when used with output functions like printf( ),putc(),put() etc. helps in formatting the outpu

Explain R-2R ladder D/A converter. Ans. R-2R ladder D/A converter: An R-2R ladder D/A converter is shown in Fig.(a). It uses resistors of only two values R and 2R. The inp

What are the facilities of a debug monitor? The facilities of a debug monitor are given below: a. Setting breakpoints into the program b. Initiating a debug conversation

Q. Illustrate third Generation Computers? The third generation has fundamental hardware technology: Integrated Circuits (ICs). To understand what are Integrated circuits let's

Fuzzy Logic: In the logics we are here described above, what we have been concerned with truth: whether propositions and sentences are true. Moreover, with some natural langua

PD controller Student should aim for Kp and Kd value that will minimize the steady error with improved rise time and settling time. The amount of over shoot should not be more t

Main problems with evaluation functions: Superlatively, evaluation functions should be quick calculates. Wherever is chance they take a long time to estimate, so after then le

An object model for university system Establishing relationship among various classes in the system is the primary activity. Here, we have a simple model of a University System