FICO® Optimization Solution for Deposit Pricing

Make the right pricing decisions using advanced analytics

Overview

FICO® Optimization Solution for Deposit Pricing

FICO® Optimization Solution for Deposit Pricing orchestrates profitable pricing decisions across your entire deposit portfolio with advanced analytics and technology. With interest rates and regulatory requirements on the rise, predictive analytics and optimization are critical to out-price your competition while ensuring compliance. Balancing customer satisfaction, corporate objectives and profitability has never been easier.

Visit the FICO Optimization Community to learn more about what you can do with deposit pricing optimization, download software trials, get support and talk to the experts!

FICO Optimization Community

Core Benefits

Increase Profitability

Ease Compliance

Enable Collaboration

Increase Profitability

FICO® Optimization Solution for Deposit Pricing helps you determine pricing strategies across the entire deposit portfolio, providing an increase in margins of 10-30% through rate reductions of 2-5 basis points and increased volume. The solution empowers business users to easily monitor portfolio and competitor changes and swiftly react to adjust pricing.

Ease Compliance

Simplify the management and review of pricing decisions through streamlined workflows and provide automated solutions for regulatory requirements. Model governance, Sarbanes-Oxley control audits and stress-test deliverables can be customized and automated to meet your needs.

Enable Collaboration

Deposit pricing requires close collaboration between work groups to ensure optimal strategies and to gain approvals. The solution provides collaboration features that allow you to share your work with colleagues, work together to create an optimized strategy and present results for pricing committee reviews.

Solution Summary

FICO® Optimization Solution for Deposit Pricing

FICO® Optimization Solution for Deposit Pricing helps organizations develop analytically powered, optimized pricing strategies—compliantly and with customer-centricity—in highly dynamic rate environments.

Key Features

  • Powerful, analytically derived pricing, including optimization over linear, nonlinear and discrete pricing problems
  • Full customization for model development, report creation (using Tableau), profit valuation and optimization
  • Immediate deployment of approved prices across all channels
  • Pricing based on granular population segmentation—down to segments of one—enables true customer-level pricing
  • What-if analysis helps you understand dependencies and sensitivities within the problem
  • Flexible interfaces provide tailored access to functionality based on roles or privileges
  • Business controls enable domain experts to adjust the pricing without need of IT assistance
  • Collaboration features let you share your work with colleagues, work together to create an optimized strategy, or present results for review to your manager

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