'Fincal' is a leading financial organization that offers various kinds of loans to both individuals and corporates for their business needs (For eg., home, education, business, vehicle and perse

client asked your team to automate the process and develop a software system to manage the end-to-end loan processing.

Suggest the most appropriate software process model to build the above system and elaborate the process involved in developing the same with its advantages and limitations.

The assumptions are;

The Client is new to this business environment.

Since the software involves financial transactions, client wants to incorporate the risk procedurs as part of the development process.

It is good to have a trial version of the software so that the client will get a clarity of the system which you will build.