It has been a busy eighteen months for our product development and data science teams who have delivered innovative solutions that drive real value for banks and their customers
San Bruno, CA (PRWEB) August 06, 2014
Nomis Solutions is pleased to announce that three new products are candidates for the BankNews 2014 Innovative Solutions Awards. The awards recognize companies that have introduced or significantly enhanced products designed to help banks become more efficient, expand their capabilities and, ultimately, better serve their customers. To read more about the awards and vote online, Nomis customers and followers can visit the BankNews website.
Nomis Solutions combines cutting-edge Silicon Valley approaches to big data, advanced modeling, and deep analytics to help large and medium-sized retail banks better understand their customers. Using Nomis solutions, these banks can deliver win-win products and pricing in an environment that is increasingly competitive, highly disruptive, and marked by rising interest rates.
The three offerings that Nomis released over the past year and that are up for the 2014 Innovative Solutions Awards are:
Nomis Price Optimizer 4.5
Nomis Price Optimizer 4.5 is a next-generation pricing solution that drives customer-level insights for improved financial results at retail banks by leveraging big data combined with behavioral modeling. Nomis Price Optimizer 4.5 brings banks a new level of data-driven discipline in pricing and forecasting that separates innovative banks as they better understand their customers and differentiate their products, offers, and services. These powerful analytics will help banks that want to keep pace with large and mid-tier banks that look to expand in their home turf.
Nomis Price Optimizer for Home Equity Lending
The Nomis Price Optimizer for Home Equity Lending is the industry’s first competitive price optimization platform for home equity lenders. It is an innovative pricing platform that combines near real-time competitive data across 75% of transactions in the US with true insights into borrower preferences and price sensitivity at the customer level. The solution allows banks to deepen customer relationships, develop more profitable marketing and pricing strategies, and grow market share in existing and new home equity markets.
Nomis Deal Manager for Retail Banking
Nomis DM for Retail Banking™ is the industry’s first configurable pricing execution and negotiation deal manager platform designed for the front line. NDM leverages Nomis industry expertise, pricing optimization software, and big-data technologies to create a platform that ensures pricing is consistently applied across customer channels on the front line, whether executed on a terminal or an iPad.
“It has been a busy eighteen months for our product development and data science teams who have delivered innovative solutions that drive real value for banks and their customers,” said Roger Arnemann, senior vice president of products and services at Nomis Solutions. “The three products entered in the awards all solve thorny market challenges that banks face as they look to address the constant pressures of profitability, regulatory compliance, and improving customer satisfaction.”
The awards are determined by online voting on the BankNews website from the period of August 1 through September 15.
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About Nomis Solutions
Nomis Solutions provides best-in-class pricing and profitability technology for financial services companies. By combining a big-data platform with advanced analytics, innovative technology, and tailored business processes, Nomis delivers quick time-to-benefit and improves financial and operational performance throughout the customer-acquisition and portfolio-management processes. With experience in over 75 implementations, Nomis customers are on track to optimize $1 trillion in banking transactions and generate $1 billion in incremental profits.
Headquartered in San Bruno, CA, Nomis Solutions also has offices in Toronto and London. Visit http://www.nomissolutions.com or contact us at info(at)nomissolutions(dot)com or 1-650-588-9800 or +44 0207 812 7251.