Deposit Overdraft Management

Overview

It’s crucial to optimize and execute your overdraft deposit strategy at the account level, by leveraging predictive scores and analytic insights.

Make highly targeted, revenue-producing decisions that increase overdraft fee revenue by 10% using analytics, balance risk and revenue with agile portfolio management, set limits at origination and throughout the life of any account, and ensure governance and compliance with transparent models.

Enabling Technologies

With 60+ years of pioneering work in predictive analytics and artificial intelligence, FICO powers our solutions with the most advanced science available.

Platform

Simulation and Experimentation

Optimization

Overdrafts: A core component of deposit non-interest income

See how FICO helps deliver real business results and better customer experiences for leading organizations across industries and around the world.

50

%

of deposit revenue comes from overdraft fee income

50

%

of accounts that go into overdraft solve the overdraft within three days

75

%

of accounts that go into overdraft are current within seven days

8

%

of checking account holders provide approximately 75% of fee revenue

Technical Details

Increase your ability to make extremely targeted, analytically derived decisions and provide the right service to the right customers at the right time, thereby increasing satisfaction and revenues while still protecting the organization from risk.

Powered by the industry-leading FICO optimization solution to solve for highly complex variables and easily handle a large number of constraints and business policies. Analytically rigorous models are built by the leader in analytic solutions for financial services organizations.

Modular solution that easily fits into your existing infrastructure, or delivered as a standalone product. FICO’s agile solution execution methodology rapidly delivers business value and can be deployed in the cloud or on-premises.

The open modeling methodology gives you visibility into every aspect of your models. This complete transparency enables you to understand and control your own decision-making and eases the audit process with regulators.

Leverage FICO’s 60+ years of banking analytics and decision expertise to develop scoring models that match account profiles to increase revenue, limit potential losses and mitigate risk. These models coupled with our industry-leading optimization technology enables strategy development and empowers continuous strategy improvement with champion/challenger testing.