Slide 1

power-point presentation final-1. Streamlining NSFAS allowance payment processes.

power-point presentation final2. Student Name Student # Participation Kevin Skinner Lesego Modisenyane Rethabile Sign 518458 Graca Dineo Molefe 0512773j Mpho Ndaba Thobekile Ndlovu Tshilidzi Maake William Ramphisa.

power-point presentation final2. CONTENTS Introduction Problem Statement Problem Analysis Proposed Solutions Implementation and resources Conclusion.

power-point presentation final2. INTRODUCTION Legends of Tech were approached by the National Student Financial Aid Scheme (NSFAS) to use digitalization to solve inefficiencies in the information and communications Technology systems, particularly problems associated with erroneous payments made to funded students. Background A bursary and loan scheme funded by Department of Higher Education and Training to assist financially disadvantage students from TVET Colleges and universities. Money covers tuition fees, food, accommodation, books and travel allowance. NSFAS Student-Centred model aims to ensure the right amount is paid to the right student at the right time..

power-point presentation final2. PROBLEM STATEMENT.

power-point presentation final2. PROBLEM ANALYSIS.

power-point presentation final2. PROPOSED SOLUTION.

power-point presentation final2. CONCEPT TO BE DEVELOPED AND PROPOSED SOLUTION.

power-point presentation final2. INTERNET OF THINGS The Internet of Things otherwise known as IOT can be defined as a “network of connected smart devices that sensors and communicate seamlessly over a network transforming how we live and work” Armstrong, B et al (2021). From its definition IOT provides the ability to sensor, monitor, and submit data on a thing and in this instance, it could be the sensoring and providing data on NFSAS funded students..

power-point presentation final2. INTERNET OF THINGS Cont.. 1. For students currently studying IOT can be implemented in a such a manner that enables tracking of what modules are they enrolled for? how much do they cost? due dates for those payments. With this information available, NSFAS will be able make payment to the correct students within the required time. 2. For students who have completed varsity IOT can be implemented in a way that enable students to: Register on the website for them to start the payback process NSFAS will also be able to have a view of students who have completed their studies through tracking and proactively initiate the payback process with information such as amount owed, payment terms (duration) and the amount to be paid back based on the payment term of choice..

power-point presentation final2. 011 0110 000. Big Data.

power-point presentation final2. Big Data Analysis to Assist with Funding Process of Students.

power-point presentation final2. Big Data Analysis to Assist with Funding Process of Students Cont...

power-point presentation final2. abstract. Blockchains.

power-point presentation final2. Decentralization of transactions Open access off transfer info for relevant shareholders to monitor Allow collaborative record keeping and transactions by communities with no need for a central authority. Security of payment info Preventing central authorities which are highly susceptible to bypassing of controls by internal fraud. All info data traced, and alterations (possibly by hackers) can be detected by changes in hash. Shareability of payment information All relevant stakeholders in the transactions have access to payments in various steps of the process..

power-point presentation final2.