Brilliance Financial Technology was recently recognized by CFO Tech Outlook as a Top 10 finance technology solution provider for 2016. The Brilliance DealPoint solution offers risk-based pricing and profitability measurement solutions to the banking industry. Brilliance was selected from a list of 300 nominations by a panel of high-level decision-makers in the banking industry and on the publication’s editorial board.
Brilliance’s solution applauded for sophistication and flexibility
CFO Tech Outlook emphasized the significance of financial technology solutions like DealPoint that help companies get rid of uncertain, error-prone spreadsheets in favor of more reliable technologies. Brilliance’s DealPoint solution was praised for its ability to seamlessly integrate with a bank’s internal origination process, as well as for the power and flexibility it provides banks when it comes to credit risk measurement, analyzing portfolios and assessing loan profitability.
Chris Grant, Founder of Brilliance, spoke with CFO Tech Outlook about why he believes Brilliance is so good at what it does. Grant agreed that the flexibility of the solution is key because bank pricing platforms are dynamic. With DealPoint, banks can continuously change and improve their pricing systems.
What this means
Pricing is becoming a more prevalent topic in the bank marketplace, according to Vanessa Wu, Brilliance managing director and head of client services and product strategy. “Brilliance’s ranking in CFO Tech Outlook demonstrates that banks looking to raise their revenue, scale their processes and grow incrementally are increasingly turning toward technology as the ultimate solution.”
Technologies like Brilliance’s DealPoint solution are helping banks raise revenue and price loans more effectively. With DealPoint, banks develop more centralized pricing models, which boosts transparency into the lending process. Banks remain more compliant, while increasing their margins.
A look to the future
CFO Tech Outlook also highlighted Brilliance’s plans for the future, which include improving its cloud solutions, extending the use of its technology to smaller banks, and broadening its footprint throughout Western Europe and North America. Grant emphasized that the experts at Brilliance will keep offering best-in-class pricing and profitability solutions to customers.