Sold by: FICO
Drive optimal loan pricing decisions across your entire portfolio of retail lending products to increase profits and achieve measurable business impact.
Overview
FICO® Optimization Solution for Loan Pricing is an end to end offering designed to support your retail lending strategy. It uses advanced analytics to determine optimal pricing by balancing revenue, profitability, and volume goals, all while staying aligned with regulatory requirements. The result is a set of data driven lending strategies that optimize price, term, and loan amount, enhancing profitability and easing compliance through built-in governance and documentation tools.
At its core, the solution pinpoints the rate combinations most likely to drive your desired outcomes. It does this by modeling the trade offs between volume and margin, taking into account broader portfolio objectives such as revenue, profitability, and growth. While pricing teams understand that higher prices may reduce demand, the real challenge lies in quantifying that impact accurately, something this solution is specifically designed to do, through accurate predictions to help you understand the likely impact of a given decision.
What sets the FICO solution apart is its ability to help you respond quickly and strategically to competitor rate changes. Through intuitive scenario creation and comparison tools, pricing managers can evaluate potential responses, not simply to undercut the competition, but to craft attractive, profitable offers that maintain your competitive edge.
Highlights
- Concrete profitability results. Increased margins by 5% to 15% through rate reduction and increased volume and increased booked volume up to 15% by understanding where pockets of price sensitivity allow for large increases in volume with relatively small price changes.
- Transparency. FICO open modeling methodology offers visibility to every aspect of your models. This level of transparency empowers you to understand, validate, and maintain control your decision-making processes, while also simplifying audits and satisfying regulatory requirements.
- Flexibility. If the market shifts and customers become more price sensitive, the solution lets you automatically recalibrate parameters. Being able to make changes to models immediately is extremely important in loan pricing. Implementing changes in minutes instead of months can have a big impact on profitability.
Details
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Features and programs
Financing for AWS Marketplace purchases
AWS Marketplace now accepts line of credit payments through the PNC Vendor Finance program. This program is available to select AWS customers in the US, excluding NV, NC, ND, TN, & VT.
Pricing
Custom pricing options
Pricing is based on your specific requirements and eligibility. Request a private offer to receive a custom quote. Sign in to view any offers that have been extended to you.
Legal
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Delivery details
Software as a Service (SaaS)
SaaS delivers cloud-based software applications directly to customers over the internet. You can access these applications through a subscription model. You will pay recurring monthly usage fees through your AWS bill, while AWS handles deployment and infrastructure management, ensuring scalability, reliability, and seamless integration with other AWS services.
Support
Vendor support
Please contact us at our Product Support Email: support@fico.com or visit our Support website: support.fico.com. Our SaaS Services Policy can be found at
AWS infrastructure support
AWS Support is a one-on-one, fast-response support channel that is staffed 24x7x365 with experienced and technical support engineers. The service helps customers of all sizes and technical abilities to successfully utilize the products and features provided by Amazon Web Services.
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