NEW YORK, NY–Brilliance Financial Technology has released DPX, an integrated solution that combines pricing, rates and product and profitability management. DPX gives banks new capabilities to grow profits in real time with the following:
–Pricing management, with artificial intelligence and machine learning technology that helps banks structure and price deals to optimize customer relationship profit.
–Rates and product management to enable banks to dynamically create and modify rates, products, business rules, fees and costs and distribute changes to the front line with no delays.
–Profitability management by way of a real-time comprehensive view of past and forecasted profitability at the relationship and portfolio level, making active monitoring and management of profit a reality.
DPX is tailored to each bank’s specific models, products and processes. The cloud-native platform is available as SaaS, on-premises or deployed to the bank’s private cloud.
“DPX makes banks more profitable, equipping them with the tools to modernize their processes,” said Brilliance president and CEO, Jean-Edouard van Praet. “Given today’s interest rate environment, banks need a new way to improve financial performance. Digitizing to improve efficiency only gets them partially there. DPX empowers banks to fundamentally revamp operations in key areas that impact profit to drive holistic portfolio and relationship profitability in real time, delivering increased margins, regulatory compliance, operational efficiency and pricing transparency.”