2.3 Business Process Flow

The Business Process Flow for the process is shown below:

Figure 2-1 Business Process Flow

The process flow is described below:

1. You need to specify the parameters before starting the process. This product supports three key methodologies:
   • Carded: In this method, the Interest Rate is pre-set and fixed by the banks.

     A Carded process involves finding a suitable price for the customer based on a pre-determined (set of) options available for that product and other dimensional combinations.

   • Negotiated: In this method, the Interest Rate is negotiated with the customer.

     A Negotiated Process allows the banker to determine a suitable price point within a set of thresholds determined by the bank/banker to solve for a target profitability parameter.

   • User Input: In this method, the banks can input their Rate of Interest based on certain parameters.
2. The next stage is the Pricing Definition Section where you need to define the offers and the Carded Rates for the customer.
3. Finally, in the Pricing Execution, you can price new customers as well as consider the existing customers based on the available details of the customer and account.
4. Based on the available details of the customer and account, the application generates the best rate possible for the desired profitability.
5. In addition to this, reviews can be conducted to identify the accounts that need to be re-priced. The identification is based on certain pre-defined conditions.