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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.
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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.
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.
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.
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.
The phrase “competitive pricing” is often used to mean pricing lower than competitors. But a financial institution that can make offers at higher prices and still win the business is even more competitive. And if these transactions raise n...
Financial Services institutions have significantly increased their use of advanced analytics and optimization in areas such as Deposit Pricing. While the goal of these efforts is to increase profitability while achieving competitive advant...
Overdrafts are a core component of fee revenue from deposit accounts as well as the primary area of credit risk management within deposits. Many financial institutions set deposit overdraft limits at the product or segment level, thereby a...
Watch this on-demand webinar to learn more.