By using the hosted version of our solution, our customers can capitalize on our best-in-class science, technology and responsive support services while saving time and money by not needing to fully engage their often expensive and overburdened internal resources.
San Bruno, CA (PRWEB) June 13, 2007
Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced the ability for customers to access its award-winning Nomis Price OptimizerTM in a reliable, secure and high performance hosted environment. Customers also gain the dedication and expertise of Nomis Solutions' team who manage the hosting, configuration, maintenance and administration of the solution.
"Our top two priorities when hosting the Nomis Price Optimizer are security and performance," said Bharath Kumar, vice president of engineering at Nomis Solutions. "By using the hosted version of our solution, our customers can capitalize on our best-in-class science, technology and responsive support services while saving time and money by not needing to fully engage their often expensive and overburdened internal resources."
Because security is a paramount concern for financial services institutions, those who choose to host the solution are provided with a dedicated set of servers and physical media. This single-tenant model ensures maximum segregation of both customer data and solution instances, while ensuring that application performance and a customer's user experience is independent of other hosted customer usage.
Nomis Price Optimizer is in use at 10 banks and finance companies and is generating significant financial improvements. TowerGroup, a leading financial services analyst group, predicts that 90% of large U.S. banks will adopt price optimization by 2010. (Source: Pricing Optimization: A Practical Guide to a Retail Bank Implementation, April 2007, Reference # V51:01RC, Bobbie Britting, Senior Analyst, Consumer Lending and Kathleen Khirallah, Managing Director and Practice Leader) Powered by Nomis Solutions' leading price optimization technology, Profit-based Pricing utilizes an innovative approach that enables executives to strategically use pricing to increase profits and market share. Specifically designed for the financial services industry, the Nomis Price Optimizer Suite of business solutions combines pricing analytics, optimization and execution into a comprehensive pricing strategy and process.
In conjunction with today's hosted offering announcement, Nomis Solutions also announced the availability of Nomis Price Optimizer Suite 3.2, which enables banks and finance companies to evolve towards more targeted customer-centric pricing. For more information, please refer to the announcement, "Nomis Solutions Enables Banks and Finance Companies to Evolve Towards More Targeted Customer-Centric Pricing," at http://www.nomissolutions.com/news/news.html
About Nomis Solutions
Nomis Solutions is the recognized leader in Profit-based Pricing for banking and finance. Powered by price optimization technology, Profit-based Pricing is an innovative approach that enables executives to strategically use pricing to increase profits and market share. The award-winning Nomis Price Optimizer is a suite of business solutions that combine pricing analytics, optimization and execution into a comprehensive pricing strategy and process.
The suite includes specific solutions for auto finance, mortgage, home equity lending, personal lending and deposits. Each solution delivers benefits within 12 weeks, increases profits by 10-20%, and provides valuable insights about customers and portfolio performance within a strong compliance framework. Select customers include AmeriCredit, Ford Motor Credit, GE Consumer Finance, HBoS, RBC and WaMu. Headquartered in San Bruno, CA, Nomis Solutions has offices in Charlotte, NC, and London, United Kingdom. Visit http://www.nomissolutions.com or contact us at info @ nomissolutions.com or 650-588-9800.
Nomis Solutions and Nomis Price Optimizer Suite are trademarks or registered trademarks of Nomis Solutions, in the United States and in other countries. Other product and company names herein may be the trademarks of their respective owners.
Bill Cox for Nomis Solutions
bill @ experiencecom.com