Nomis Solutions Enriches Newly Formed Research and Development Team with Appointment of Dr. Joseph Nipko

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Nomis Solutions Continues to Invest in World Class Science

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The company is uniquely positioned with a solid financial services customer base and implementation experience to complement its strong analytic and scientific expertise. I believe that my insight and experience will help build a world-class research and development group and maintain Nomis Solutions' lead in offering cutting edge technology that delivers significant benefits to customers.

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced the appointment of Dr. Joseph Nipko as the director of research and development (R&D). Dr. Nipko joins Nomis Solutions as a key member of the newly launched R&D group and will play a critical role in defining, building and managing a world-class team. Dr. Nipko will report directly to Nomis Solutions' Founder, CSO and Vice President of Research and Development, Dr. Robert L. Phillips.

Nomis Solutions' R&D Group is chartered with improving current solutions and extending them into new domains and applications within the financial services market. This team is part of Nomis Solutions' initiative to expand its innovative, world-class, and science-based suite of pricing optimization solutions. A recognized leader in the market, Nomis Solutions has developed specific software solutions for the personal lending, auto financing, home equity lending and mortgage markets."

"The launch of Nomis' research and development group is a milestone for the company and a building block for the future," said Dr. Phillips. "This goal of the group is to ensure that leading-edge algorithmic and statistical inference technologies are incorporated into Nomis' solution suite in a way that provides the highest value to our customers. We are very excited to have hired Dr. Nipko. His strong analytic and management experience will be an asset to the group and to our company and our customers."

Dr. Nipko previously served as director, solution management and field services for SAP, an enterprise solution software company. In this role, Dr. Nipko led field services and solution management staff for SAP's Price Optimization for Banking. He developed SAP's go-to market strategy, defined functionality and planned product road maps for all versions of the SAP Price Optimization for Banking solution. Prior to SAP, Dr. Nipko worked with leading finance companies such as Wells Fargo and American Express, and brings over 10 years of consulting and scientific experience to Nomis Solutions.

"I joined Nomis Solutions because it is the clear leader in this growing market and its founder, Dr. Phillips, is a pioneer in successfully developing and introducing pricing optimization technology into new markets that can benefit," said Dr. Nipko, "The company is uniquely positioned with a solid financial services customer base and implementation experience to complement its strong analytic and scientific expertise. I believe that my insight and experience will help build a world-class research and development group and maintain Nomis Solutions' lead in offering cutting edge technology that delivers significant benefits to customers."

The award-winning Nomis Price Optimizerâ„¢ solution helps move beyond risk-based pricing practices to a more advanced approach to pricing that enables them to better tailor rates to various segments and markets, to quantify and gain valuable insights about customer preferences and to transition to a more consistent, repeatable and efficient pricing process.

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 achieve improved financial results, gain insight into customer preferences, and support compliance. The award-winning Nomis Price Optimizerâ„¢ Suite is a set of business solutions that combines pricing analytics, optimization, and execution into a comprehensive pricing strategy and process.
The suite includes specific solutions for auto finance, home equity lending, personal lending, mortgage, and deposits. Each solution delivers quick time-to-benefit, increases profits and market share by 10-20%, and provides valuable insights about how customer preferences impact product and portfolio performance, within a strong compliance framework. Select customers include Abbey, AmeriCredit, Ford Motor Credit Company, GE Money, HBoS plc, and WaMu. Headquartered in San Bruno, USA, 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.

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MARK PETERSON
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