To make timely and profitable deposit management decisions, banks require a strong analytical foundation built on customer level analytics to deliver optimized pricing models, and streamlined execution.
PriceTek Deposits is a single access point for the ongoing analysis of portfolio performance, price elasticity and the competitive landscape – everything bankers need to run a successful deposit business. The platform leverages over 15 years of proven deposit pricing methodologies, compiling and processing vast amounts of data into relevant metrics and models that are then delivered through an intuitive web-based interface. With PriceTek Deposits, a pricing team has the right technology at their fingertips to empower more scientific, analytically driven pricing and product management decisions.
Better, Faster Analytics
Support the field and make faster decisions with access to key customer level portfolio metrics and competitive analytics.
Single Source of Truth
Leverage PriceTek as an interactive data warehouse, with access to cleaned data and key metrics, to support teams across pricing, treasury, marketing, ALCO, and more.
Price with Precision
Drive significant improvement in volume and profit for any position on the efficient frontier by understanding the impact of rate changes on customer behavior and defining pricing strategies accordingly.
Reduce Operational Risk
Improve operational efficiency with PriceTek capabilities including: data validation, usage controls and tracking, rate monitoring, self service reporting, substantial documentation.
MODULES ORGANIZED AROUND HOW YOU WORK ON PRICING
Analyze and monitor crucial aspects of the competitive landscape.
Generate dynamic portfolio reporting and analyses across key metrics.
Calculate duration analytics across all portfolio products and segments.
Pricing Strategy and Optimization
Model pricing decisions with “what if” Scenario analysis and rate optimization.
Monitor competitiveness and execute rate changes with core system linkages.
Generate automated, customizable report packages and download directly to PPT or Excel for analysis and presentations.
Changing the game with PriceTek® Deposits
Pricetek® Advantage: Cannibalization Detection Saves Hundreds of Thousands in Interest Expense
Bank of Montreal Uses PriceTek® Deposits to Advance Pricing Infrastructure
Hit Your Funding Goals in a Volatile Market
Executive teams contemplating a direct bank should prioritize three major agendas: strategy, analytics and the target growth model.
The Federal Reserve raised its benchmark Fed Funds rate by a quarter point, and signaled that the likely path for short-term rates continues to be two more one-quarter point increases in 2017.
In today’s rising rate environment, it’s critical for banks to surgically manage their pricing and benchmark against their competitors to grow their net interest margin.