In today’s hyper-competitive banking environment, knowing which relationships, products, customer segments and relationship officers within your bank are profitable is imperative. Profitability FIT helps your bank measure profitability on both a relationship and account basis. Using the information gathered, you will have the ability to develop strategies to increase profitability, bolster strengths and combat any weaknesses.
Profitability FIT provides lenders and other bank staff with a powerful tool that can be used to evaluate the profitability of an existing customer or a new prospect. Profitability FIT incorporates Probability of Default (PD) and Loss Given Default (LGD) to determine the risk-adjusted return on capital (RAROC) for each of your customers. Using these common drivers in measuring profitability throughout the bank helps your management and staff understand where opportunity lies and where there is more work to be done.
Profitability FIT is an outsourced profitability solution designed to deliver you results. In addition to working with a powerful pricing model, you receive full-time support and access to our consulting team.
Profitability FIT is a completely web-based solution. Since you don’t have to install any software, you can get started with this powerful tool right away.