Thinking of leveraging analytics in your pricing processes but don’t want to be overwhelmed by complex data analysis tools? Want to find ways to better leverage the work of your data science teams? Do you wish there were an easier way to analyze your pricing strategies and make data-driven decisions? Look no further than Pricing Accelerator. 

What technology can lenders implement to make pricing a competitive weapon, no matter how the market evolves?

What does it mean to have a proactive, optimal pricing strategy? The first, and most simple answer, is the ability to understand how the market will react to changes in price – how this will affect auto loan volumes – and then identify the ideal price across all cells. In order to be proactive, it is imperative that you are able to accurately model and forecast how various changes in rates will impact a customer’s probability of closing a loan.  

To make a cake, you need to have specific ingredients: eggs, milk, flour, etc. The same applies to a model, you need to have variables such as age, tenure, and price. 

It was a harsh realisation that led me to start thinking about partnerships and relationships - this was the 24th year that I had been attending Insurance/IT conferences and just as I thought I’d seen everything, here I was at Insurtech Insights 2023! 

Digitalization has sped up changes in the banking industry, but in the area of compliance, things are still running slow. In an industry wracked by fraud, identity theft, and other financial crimes, banks are being asked to maintain transparency on the masses of data they handle. The compliance burd ...

Every organization is at a different point of maturity. Its technology architecture and software implementations form a unique combination, including the length of time they’ve been in place, and how ingrained they are in daily work and processes.