Pricing Engine

We've received several benefits as a result of our relationship with Zoot including quicker time to market over our internal systems or groups. We have substituted Zoot for our internal system partners and been able to save time and money.

—Top Ten Bank

Your key to maximizing profit while minimizing risk.

The Key

The ability to match a customer’s credit capacity with attractive pricing that is profitable for a financial institution is essential for ensuring you are offering the right products to the right people at the right price.

The Criteria

With Zoot’s pricing engine, financial institutions can customize decisioning, products, and pricing from predetermined data sets. The data can be specifically tailored in virtually endless configurations of the attributes you choose, such as demographics, credit history, credit application information, or credit scores. This allows you to set pricing according to the best practices of your institution and to the behavior of your consumers.

The Model

Using Zoot’s business rules engine, your unique models can be implemented as easily managed scorecards, risk tables, or traditional models. Business users can make changes without relying on IT, allowing rapid responses to changing conditions within your company or the marketplace. At the same time, you control the safeguards to ensure only the changes you want are made and to support your business policy.

The Outcome

Lenders can now automate pricing decisions to gain consistency across the enterprise yet retain the flexibility needed for individual lines of business. For the enterprise, this means better decisions that effectively manage the risk of under-pricing products. For the customer service representative, this means better customer service that is faster, more accurate, more reliable, and more appropriate to the customer’s needs and ability to pay. The entire process is updated easily by your approved personnel and integrated seamlessly with your workflow, allowing your staff to make more offers with more confidence and increase your customer acquisition ROI.