25 February 2018
visit www.nextgenbanking.co.uk/

DPR Consulting launches personal finance calculator suite

06 December 2001  |  1461 views  |  0 DPR Consulting launches personal finance calculator suite

DPR Consulting has launched an interactive 'Calculator Suite' for the building society market, bring together calculators for savings, loans, mortgages and credit cards in a single package.

Societies can programme the calculator engine to provide calculations relating to their specific products, displaying product choices within drop down menus. The information fed into the calculators can also be transferred directly into product administration systems, sparing the need to re-input data.

Richard Walbach, Director at DPR Consulting points to recent research which indicates that of all transactions started on the Internet, only 16 per are ever successfully completed. "Implementing a comprehensive set of calculators could address this problem in several ways," he says. "When applying for any financial product, customers are more likely to complete the deal when they have access to reliable information and a simple means of analysing and understanding it."

The calculator engine is independent from the Web front-end and can easily be added to an existing Internet site, says Walbach.

The calculators are able to perform a range of calculations from 'what if' analyses, product comparisons and quotations, based on accruals, interest rates and APRs. The company plans to develop the suite to include tax, foreign currency conversions, portfolio investment, leasing, retirement and mobile phone calculators in the near future.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Building societies must collaborate to survive

Building societies must collaborate to survive

04 December 2001  |  1979 views  |  0 comments
FSA introduces interactive financial planning tool

FSA introduces interactive financial planning tool

19 November 2001  |  2509 views  |  0 comments
AMP rolls out Web-based financial planning tool

AMP rolls out Web-based financial planning tool

15 November 2001  |  2446 views  |  0 comments
Building societies to rival high street banks online

Building societies to rival high street banks online

11 October 2001  |  3185 views  |  0 comments
Self Trade UK launches online investment analysis tool

Self Trade UK launches online investment analysis tool

10 October 2001  |  3347 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://www.capgemini.comRegister for the webinarvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12517 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10741 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
9194 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8572 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
8386 views comments | 11 tweets | 14 linkedin

Featured job

Find your next job