Risk Based Pricing
Discover a simple way to apply a suitable Risk Based Pricing matrix based on a type of client.
DecisionRules
About the example:
This Decision Flow takes the type of client and selects a corresponding Risk Based Pricing table which calculates pricing grade and interest rate.
Solution components:
- Decision Tables for new clients (RBP New Client) and current clients (RBP Current Client) which calculate pricing grade and interest rate based on risk grade, loan term and loan amount, allowing for a special setup for different A/B testing groups.
- a Decision Flow selects which of the two Decision tables to use based on the type of a client, executes the selected table and assigns the results to the output.
Use this Decision Flow, adjust the Risk Based Pricing matrices and matrix selection criteria to match your needs and simply call from your loan origination system using a REST API…
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