Predicting Bank Failure

About Us

We are a team of undergraduate students at Worcester Polytechnic Institute working on our Interactive Qualifying Project. Our project, Robotics for Banks, is sponsored by Deloitte in Moscow, Russia.

Jacob Bortell
Computer Science 2018

Everett "Jack" Harding
Robotics Engineering 2018

Michael Giancola
Computer Science / Mathematical Sciences 2018

Parmenion Patias
Robotics Engineering 2018

Project Description

The recent global financial crisis has demonstrated the urgent need for new techniques for assessing the health of financial institutions. Because timely identification of banks with poor financial performance is a complex and costly task, this project aims to contribute to the development of automatic procedures for the identification of troubled banks. Students will work under the guidance Deloitte’s Data Analytics Dept. on the creation of a new-generation management robots tool that will automatically monitor performance of banks and identify banks that may experience financial difficulties, which can undermine financial stability of the country. The tool will take advantage of the latest advances in big data research, optimization, cognitive computing, artificial intelligence, statistical models, systems thinking, as well as news monitoring. The project will use publicly available financial and economic databases and real-time news as the primary sources for the data. Such a tool will benefit bank managers as well as bank supervisors including the Central Bank of the Russian Federation.

View Our Progress

If you would like to stay up to date with the 2016 Deloitte IQP Team, check out our blog! The link is in the sidebar on the left.

Contact Us

For any comments or questions, email the team at deloitte@wpi.edu.