Four ways banks can use pricing optimization to drive sales growth in lending
As certain types of consumer and business loan volumes increase, the ability to optimize loan pricing for originations is becoming a must-have capability for financial institutions.
Executive Brief
When financial institutions either perform optimization inaccurately or not at all, they tend to pay in opportunity cost, by losing loans to more nimble competitors, and greater risks across their portfolios. Learn ways to improve price optimization that can deliver tremendous business results for financial institutions both in terms of winning customers and managing risks across the portfolio.
- Match offers with customer segments at more granular levels.
- Enable personalized loan pricing down to the individual level.
- Provide good options that are also profitable for financial institutions.
- Evaluate portfolio risk and adjust pricing and offers accordingly.
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