“The confluence of regulatory pressures on fees and capital requirements with changing consumer attitudes towards borrowing have put pricing at the forefront of banking and finance executive concerns."
San Francisco, CA (PRWEB) April 12, 2011
Nomis Solutions, the leading provider of Pricing and Profitability Management solutions for financial services companies, concluded its fourth Global Pricing Forum and User Group in San Francisco from April 5-7, 2011. Attendees included executives from banks and finance companies in the US, Canada, UK and South Africa. The 75+ attendees represented pricing and profitability management functions for over $5trillion in assets and liabilities across deposits & savings, mortgages, auto finance, credit cards, consumer and small business lending.
Specific topics included presentations from global financial services organizations highlighting the value created from leveraging pricing excellence within their organizations, the impact of recent and forthcoming legislation such as Dodd-Frank and the Durbin Amendment on pricing strategies for retail banks, the impact of Basel III capital requirements changes on pricing models, the impact of fee and pricing changes on consumer price sensitivity and price competition. Across two days of case studies, presentations, and panel discussions, attendees discussed the benefits and challenges of innovating through pricing and integrating advanced pricing strategy and processes across organizations.
“We are very pleased with the attendance at this conference and the momentum around Pricing and Profitability Management,” said Frank Rohde, CEO of Nomis Solutions. “The confluence of regulatory pressures on fees and capital requirements with changing consumer attitudes towards borrowing and the likelihood of increasing interest rates globally have put pricing as a strategic lever back at the forefront of banking and finance executives agendas. The number of attendees and quality of bank-to-bank discussions shows that improving pricing strategies will be a critical determinant of which financial institutions emerge as the new market leaders.”