Make better and faster pricing decisions
Leverage advanced analytics to discover the optimal rate while considering account revenue, profitability and volume objectives while also balancing regulatory constraints.
Retain existing customers and attract new ones
Create optimized lending strategies that account for price, term, amount and accept rates to provide increases in profitability with automated governance and documentation features that ease the burden of compliance.
Home Equity Loan Pricing
FICO Advisory Services
Alternative Deal Structure for Auto Finance
Personal Loan Pricing
Student Loan Pricing
Frequently Asked Questions
FICO pricing optimization solutions improve decision quality by enabling banks to take into account many more decision factors than they otherwise could. Only with optimization can banks use the increasingly wide variety of customer data from internal and external sources along with multiple scores and other analytic predictions to make the best possible decision for each individual customer.
It’s not only banks that benefit. Customers also benefit by receiving better offers and services across their banking lifecycle, which keeps them from jumping to a competitor.
In other words, without pricing optimization, banks are leaving value on the table with every single customer transaction – whether it be short-term or long-term profit, ROI or any other business objective. And in today’s economic conditions, every dollar counts.
It empowers banks to create optimized strategies that account for price, term, amount and accept rates provide increases in profitability, while automated governance and documentation features ease the burden of compliance. All with an easy-to-use platform-based interface customized to make sense for end users.
Optimize pricing across your entire portfolio
Connect with FICO for answers to all your product and solution questions. We look forward to hearing from you.