Rates & Fees
Centralized pricing control for leading banks
Manage, execute and substantiate pricing decisions for all banking and non-banking products and services
Benefits
Here’s how Rates & Fees can help your bank:
Empower business users to create and change pricing propositions themselves thereby improving dynamism of pricing and market responsiveness
Execute client-centric pricing strategies that grow share of wallet and extend the duration of client relationships
Accelerate time to market, reduce the cost of creating, changing, and launching pricing propositions, and drive sustainable revenue growth
Achieve complete transparency around fees and rates, providing clients and regulators with clear and concise substantiation of all charges
Get up and running quickly and reduce total cost of ownership with a rapid, out-of-the-box SaaS deployment on the cloud using Microsoft Azure
Create a solid pricing execution foundation, paving the way for the introduction of artificial intelligence and machine learning in the future, while enhancing pricing execution capabilities and driving revenue growth
Features
Discover how our capability can transform the way you approach rates and fees:
Import or build standard base rates for all rate related products
Specify margins, exceptions and validations
Create different rate plans for specific microsegments based on configurable attributes
Dynamically adjust rates through the cycle, minimizing operational dependency and ensuring alignment to internal liquidity guidelines
Configure standard fees and calculations
Establish a rules-based governance framework to track fee waivers, discounts, rebates and reversals against required conditions
Enable fee transparency for both front-line staff and clients, with defined rationale and purpose
Complete audit trail for all pricing changes, ensuring accountability and supporting look backs where required
Related capabilities
Explore additional capabilities that complement and enhance your experience with Rates & Fees
Proposition Manager
Rapidly respond to the market through personalized propositions and offers
Analytics
Monitor, detect and adjust your products, pricing, propositions, rewards and relationships
