Nomis Solutions, which is backed by STG, has recruited Greg Demas as its next President. His appointment becomes effective July 11, 2022. Demas will be joining the company from Q2 where he currently serves as Global Head of Sales. BRISBANE, CA; TORONTO, CANADA; BANGALORE, INDIA – (BUSINESS WIRE) – Nomis Solutions, a STG portfolio company … Continued
SAN FRANCISCO, Calif., March 7, 2022 – Nomis Solutions (Nomis), a global, industry-leading pricing and profitability management solutions provider, today announced it has established a philanthropic partnership with Moneythink, a national ed-tech nonprofit. Through the partnership, Nomis has pledged to make annual investments in the Moneythink platform and advise Moneythink on ways it can further … Continued
Nomis Solutions (Nomis), a global, industry-leading pricing and profitability management solutions provider, recently announced the appointment of George Neal as chief product officer. In this role, Neal will oversee strategy and development for new and existing products across all Nomis industry verticals. With a renewed corporate focus on strategic alliances and partner development, Nomis has … Continued
Alliance delivers enhanced automotive finance pricing strategies to financial institutions; combines J.D. Power auto finance data with Nomis Solutions’ price optimization platform to facilitate more accurate market intelligence and pricing recommendations Nomis Solutions (Nomis), a global, industry-leading pricing and profitability management solutions provider, announced it has formed a strategic collaboration with J.D. Power, a global … Continued
Nomis Solutions (Nomis), a global, industry-leading pricing and profitability management solutions provider, today announced that senior product manager Erik McNally has been named a 2021 HW Insiders Award honoree by industry trade publication HousingWire. The HW Insiders award program honors operational superstars in housing that are driving their companies and clients forward. According to the … Continued
Nomis Solutions (Nomis), an industry-leading pricing and profitability management solutions provider, recently introduced several product enhancements to its mortgage technology solution, further enhancing the market intelligence and actionable pricing capabilities available to its mortgage lending clients. Updated data frequency and enhanced coverage further expand users’ view into the granular pricing intel needed to compete more … Continued
The mortgage landscape continues to become increasingly more competitive each day. Thanks to the convenience of online rate-shopping tools, a boost in consumer knowledge of the homebuying process, and a growing number of independent mortgage banks, it is now more difficult than ever to lock in a borrower. What’s worse? These factors are causing profit … Continued
Nomis Solutions (Nomis), a global, industry-leading pricing and profitability management solutions provider, announced it has added several new sales and marketing hires to support its mortgage pricing and profitability management initiatives and competitive intelligence technology. Under the leadership of industry veteran and Nomis Chief Revenue Officer Matt Woolley, this team signals a strategic intention to entrench … Continued
Nomis Solution a global, industry-leading pricing and profitability management solutions provider, announced today the promotion of FinTech expert Joe Zeibert to vice president, head of mortgage product and strategy. In this role, Zeibert will lead the continued development and innovation of Nomis’ mortgage pricing and profitability management and competitive intelligence technology. Zeibert, previously an executive … Continued
Nomis Solutions, an industry-leading pricing and profitability management solutions provider, was named one of HousingWire’s 2021 HW Tech100 Mortgage winners. The list identifies and recognizes the most innovative technology companies serving the mortgage and real estate industries. In its ninth year, the Tech100 program provides industry professionals with a comprehensive roster of the most innovative companies in the … Continued
Nomis Solutions, an industry-leading pricing and profitability management solutions provider, announced today that the company’s flagship product, Nomis Mortgage, was named a “Top Innovation” by PROGRESS in Lending Association at its 11th Annual INNOVATIONS Award Event. For over a decade, the Innovations Award program has celebrated those companies working to develop significant, industry-changing innovations. This year’s … Continued
Nomis Solutions, an industry-leading pricing and profitability management solutions provider, announced today its partnership with Heitman Analytics, an industry leader in mortgage analytics reporting, providing competitive pricing and volume mortgage data to the nation’s largest financial institutions. The partnership will offer mortgage lending clients a more efficient and effective method to analyze data for developing … Continued
Simplifying your customer’s ability to conduct business with your institution requires a reconsideration of how you make your bank relevant to their needs. The global pandemic we’re all living through has forced businesses to rethink how they engage with their customers in a socially distanced, safe, and largely virtual manner. Restaurants have re-thought delivery and … Continued
Fintech firm Nomis Solutions reports that it is seeing widespread adoption of its Nomis Mortgage lending platform. Since its launch earlier this year, subscriptions to the data-driven lending platform have grown more than 125%, the company says in a release. Product usage trends indicate that customers have quickly integrated Nomis Mortgage into their pricing toolkit … Continued
Nomis Solutions, a fintech innovator focused on ensuring ongoing value creation for the world’s smartest financial institutions, is seeing widespread adoption of Nomis Mortgage, part of the Nomis (US) Mortgage Platform. Since its launch earlier this year, Nomis Mortgage customer subscriptions have grown over 125 percent, attracting both industry leaders as well as smaller, tech-forward lenders. … Continued
Why don’t your target customers want to join your bank? Because they’re not impressed. Banks often sabotage their own attempts at success through their siloed, disjointed, out-of-touch, and unimpressive approaches to doing business that leave small-to-medium businesses, private wealth clients, upwardly mobile millennials, and even commercial customers underwhelmed by their service delivery. Eliminating Customer Friction … Continued
Every pricing action has a reaction. As a mortgage pricing manager, every move you make has some expected outcome. But of course, how the market reacts to your decision to increase margin can negate your move. When you make your moves in an effort to change your competitive position, how will you know whether your … Continued
Q1 2020 financial results have arrived, and absolutely no surprise—there’s been a significant impact from COVID-19. Net earnings are significantly down, but in many cases, this is mostly a function of choice as more cash is being redirected into Provision for Loan Loss (PLL) accounts. Keep in mind that the majority of Q1 was behind … Continued
A new breed of financial technology firms is pitching American homeowners on a different way of tapping into home equity: if you’re sitting on a pile of it, these investors will buy a piece of your house. The co-ownership arrangement isn’t cheap, but it presents an alternative to furloughed or laid-off workers who no longer qualify for home … Continued
Nomis Solutions, a leading provider of SaaS-based pricing and profitability management solutions for the global retail banking market, has reached an agreement with Symphony Technology Group (STG) in which STG has acquired a majority equity interest in Nomis. Nomis joins STG with a deep history of market leadership and tremendous market opportunity ahead. As retail banks and … Continued
Fintech companies have a unique vantage point from which to view the COVID-19 pandemic and crisis. Technology leaders are working long hours to help banks go remote, fill in customer service gaps and meet unprecedented loan demand. They’re providing millions of dollars in free services, and rapidly releasing new products. They’re talking to bankers all … Continued
Before COVID-19 hit, we spent a lot of time talking about the competitive environment for bank deposits. Every week, an incumbent or new challenger bank was making high rate offers in order to attract new customers. The dynamic may be different now, but financial institutions are getting increasingly savvy about their pricing strategies. Borrowing from … Continued
Preparing for a recession usually includes steps that banks take to maximize interest spread and fee income, offload expensive deposits, and prepare for loan losses that are on the horizon—all while maintaining relationships and liquidity. To provide guidance for those who have responsibility for deposits and deposit pricing in the current environment, I’ve interviewed a … Continued
Regional and community banks are struggling with growth and profitability in the face of competitive pressure from large national banks and fintech startups. Executives at these institutions are instructed to invest in technology, and to leverage data and artificial intelligence to compete more effectively. While that sounds good, smaller banks are often constrained by a dependence … Continued
The pricing of banking products has gotten more interesting over the last few years, thanks to competitive pressure from fintechs and neobanks, rising customer expectations, greater regulatory scrutiny, and a changing interest rate environment. Banks and lenders are now using several different levers to become more customer-centric in pricing their products. Base pricing offered to … Continued
From April 29 to May 1, 2020, executives from the world’s top retail banks and emerging fintech companies, along with some of the industry’s leading experts, will convene at the Banking Growth Forum 2020. Nomis Solutions has just announced the line-up of industry luminaries who will challenge banking executives to outperform in 2020. Over the course of three … Continued
Nomis Solutions, an innovative fintech company focused on ensuring ongoing value creation for the world’s smartest financial institutions, is expanding its presence in the Midwest with the opening of a Center of Excellence in Cleveland, Ohio. The move signals the company’s intention to tap local science and math talent and extend its leadership in the … Continued
He feels at home tackling some of the toughest challenges that the most innovative technology companies may confront daily. Whether it relates to negotiating multibillion-dollar commercial transactions, debt or equity financings, complex M&A or strategic partnerships, building legal teams, tackling intellectual property or privacy issues, or helping with sticky and complex business or legal issues, … Continued
Nomis Solutions, an innovative fintech company focused on ensuring ongoing value creation for the world’s smartest financial institutions, has appointed Joe Zeibert as managing director of global lending solutions. In this role, Zeibert will work closely with Nomis’ banking clients around the world to identify mortgage and other consumer lending opportunities that can be enhanced through pricing optimization, price … Continued
Nomis Solutions, an innovative fintech company focused on ensuring ongoing value creation for the world’s smartest financial institutions, has recently appointed Dustin Allen as senior director of global deposits solutions. Allen joins Nomis from Zions Bancorporation, a $69 billion regional bank based in Salt Lake City, Utah, where he was senior vice president of consumer and business … Continued
Nomis has just announced the line-up of industry movers and thinkers who will seek to explain and leverage tectonic shifts in the banking sector. On May 14–16, executives from the world’s top retail banks and emerging fintech companies, along with some of the industry’s leading experts, will converge at the Banking Growth Forum 2019. Over the course … Continued
Nomis Solutions, an innovator of fintech software that helps retail banks deliver win-win customer engagement through price optimization, customer-centric offers, and omnichannel sales enablement, has opened a new office in Melbourne, Australia. Situated in the central business district of Melbourne and providing easy access to the head offices of all of Australia’s top banks, the … Continued
Nomis Solutions, an innovator of fintech software that helps retail banks deliver win-win customer engagement through price optimization, customer-centric offers, and omnichannel sales enablement, has appointed Abhinav Mittal as chief technology officer. A technologist with broad leadership experience in forging strong development teams that build highly scalable systems, Mr. Mittal will drive Nomis’ next phase … Continued
Nomis Solutions, an innovator of fintech software that helps retail banks deliver win-win customer engagement through price optimization, customer-centric offers, and omnichannel sales enablement, has appointed Douglas Luftman as its vice president, general counsel, and secretary. Mr. Luftman brings a broad spectrum of corporate legal experience in both established and emerging growth companies. He will … Continued
Nomis founder and renowned pricing expert Robert Phillips, Ph.D., has is about to release his latest book, Pricing Consumer Credit. The book provides lenders and other financial services professionals with a comprehensive description of how to improve profitability while managing risk by applying proven price optimization techniques. In addition to exploring the relationship between loan pricing and … Continued
Nomis Solutions, an innovator of fintech software that helps retail banks deliver win-win customer engagement through price optimization, customer-centric offers, and omnichannel sales enablement, is gearing up for increased demand for its products and services in 2018. With interest rates set to rise in key markets in 2018, Nomis is preparing for increased interest from … Continued
In the fast-paced world of technology, customers are increasingly choosing to deal with banks through digital channels when it comes to their financial needs. BNZ recognizes this and has partnered with Nomis Solutions to develop customer-centric pricing technology that will enable the bank to move towards developing online pricing solutions in the future. This means … Continued
Accenture (NYSE: ACN) has taken a minority position and formed a strategic alliance with Nomis Solutions (Nomis), a leading provider of analytics-driven pricing and profitability-management solutions to retail banks. “As interest rates rise in many countries and retail banks shift to creating more individualized offers for consumers, analytics-based pricing is becoming an increasingly important tool, … Continued
Nomis Solutions announced today that Frank Rohde, president, and CEO, will be presenting at the Australian Retail Banking Summit 2017, which will be held in Sydney on May 25 and 26. Rohde’s presentation, “How Technology is Finally Making Customer-centricity a Reality,” reflects the Summit’s theme: “Retail: Ripe for Revolution.” “We’ve been talking about customer-centric banking for … Continued
Nomis Solutions and Icon Advisory announced today that IBERIABANK (Lafayette, LA) is leveraging their joint solution to inform decision-making about its fast-growing home equity lending portfolio. IBERIABANK will use Nomis’ Big Data analytics software together with ICON LendersBenchmark data to understand customer trends and preferences across the bank’s multi-state operations. Over the past decade, IBERIABANK has rapidly … Continued
Nomis Solutions today announced another year of market-leading growth for the company’s pricing, portfolio management, and offer presentment technology for financial services. The addition of 17 subscriptions from banks in the US, Canada, and Asia-Pacific brings the total volume of deposit and lending transactions optimized using Nomis technology to over $1.5 trillion. More than 8,000 … Continued
As U.S. banks are looking to expand margins through a rising interest rate environment, Nomis today announced the Winter Release of its omnichannel offer intelligence platform for retail banking, Nomis Deal Manager. Designed to increase sales effectiveness in complex environments, the enhancements in this version of Nomis Deal Manager improve sales’ ability to personalize customer interactions in a way … Continued
Nomis Solutions today announced the launch of the Nomis Index™ an interactive informational tool to model how changes in the target Fed-funds rate, as well as a bank’s chosen strategy, could impact a bank’s deposit balances, margins, and expenses. Nomis Index™ generates a number of profitability scenarios depending on the pricing response chosen by the bank and its … Continued
Nomis Solutions today announced Robert L. Phillips, Ph.D., the founder of Nomis has been awarded The Institute for Operations Research and Management Sciences (INFORMS®)’s Impact Prize. The INFORMS Impact Prize is a lifetime achievement award in the field of Operations Research. It is awarded once every two years and is intended to recognize contributions that have had … Continued
Nomis Solutions today announced the open public access to register for the LIVE online webinar for banks titled “Improve Sales Effectiveness Through Omni-channel Offer Presentment,” featuring speaker Frank Bria, vice president of digital engagement at Nomis Solutions. The webinar is scheduled for 2:00 p.m. EST on November 17, 2016. Customers are demanding more from their banks. … Continued
Nomis Solutions today announced that Damian Young, the managing director of Nomis Solutions Australia would be presenting at the ARCA National Conference 2016. The conference, organized by the Australian Retail Credit Association will be held from the 9th to the 11th of November at the Hilton Hotel in Adelaide, Australia. Young’s presentation titled, “Optimizing Lending and Deposits Portfolios based … Continued
Nomis Solutions today announced that Brian Buckingham, VP of US Services at Nomis, and Oliver Small, Senior Manager of Deposit Performance Optimization at Tangerine, will be presenting a case study on “Leveraging Customer Analytics to Exceed Deposit Portfolio Goals,” at Banking Analytics 2016, a two-day symposium on big data and analytics to be held at the New Orleans … Continued
Nomis Solutions today announced that Frank Rohde, the President and CEO of Nomis will be participating in a panel discussion entitled, “Artificial Intelligence (AI) vs. Humans in Banking” at Banking Disrupted, a leadership summit to be held at the Silicon Valley Elks Lodge in Palo Alto, CA. on Sept. 14 -15, 2016. The panel discussion will begin at 2:45 … Continued
Nomis Solutions today announced the launch of a new set of capabilities designed to provide front-line banking professionals with real-time sales and competitive data. With this update, retail bankers can use Nomis Deal Manager to see data about similar deals made at the bank, competitive offers, approval rates, and sales KPI performance data so they can more … Continued
Leading offer and price optimization company Nomis Solutions has been named the winner in the ‘Innovation in Data Solutions’ category at the FinTech Innovations Awards 2016. The judges were impressed by the depth of customer understanding that Nomis brings to retail banks and the impact it has on bottom-line profitability. The FinTech Innovation Awards brings together … Continued
Nomis Solutions announced today that they will co-present with Oliver Wyman, a leading global management consultancy, to deliver the Deposits and Innovation Tracks at the upcoming Banking Growth Forum. “As we approached our 9th year of creating and delivering this conference, we wanted to do something unique that would help the banking industry grow faster and … Continued
Nomis Solutions today announced its 9th Annual Banking Growth Forum to be held at the San Francisco Grand Hyatt Hotel on May 18-20. The Banking Growth Forum is the only retail banking conference exclusively focused on growth. This year’s event will bring retail-banking experts from around the world together with Fintechs to focus on “Reinventing the Growth … Continued
Nomis Solutions announced today that Frank Bria has joined Nomis Solutions as Vice President and go-to-market leader for a next-generation solution focused on offer presentment and optimization and personalized pricing. Bria has been working in the retail banking analytics space for over 15 years. He holds an MS in Mathematics from Purdue University. Bria ran … Continued
Nomis Solutions begins showcasing its leading offer and price optimization solutions today as Sapphire sponsor of CBA Live!, the top US consumer banking conference, which runs today through Wednesday, March 9th at the JW Marriott Desert Ridge Resort in Phoenix, Arizona. This premier annual event, hosted by the Consumer Banking Association, brings together the leadership of … Continued
Nomis Solutions has been shortlisted for the Mortgage Strategy Awards (MSA), an awards program organized by a prominent consortium of UK financial institutions including Barclays, Santander, Halifax, and United Trust Bank under the category ‘Best Technology Provider’, a category focused on innovation and results-driving technology. The Mortgage Strategy Awards are the only awards in the UK mortgage … Continued
Nomis Solutions today announced its Nomis 4.8 Dynamic Pricing release, including the world’s first Behavioral Attribute Pricing functionality for banking. This release was purpose-built to include functionality that supports a rising interest rate environment. “When rates begin to rise, every basis point matters in terms of increasing margins or retaining and growing balances,” said Frank Rohde, CEO … Continued
In a new report titled “Anatomy of a Decision: Bank Price Optimization Technologies,” analysts at Nucleus Research conducted in-depth interviews with banking technology leaders about their most critical growth tools. Established in 2000, Nucleus Research analysts have used their technology understanding blended with a financially-focused investigative research approach to deliver a quantitative analysis of software solutions … Continued
What will today’s historic Federal Reserve interest rate increase mean for America’s banks? Banking experts from the fintech company Nomis Solutions are on hand to provide insight into the impact of a rising rate climate on American retail banks and the new risks that have emerged over the past nine years. Nomis works with 10 … Continued
Nomis Solutions CEO presented yesterday at the Australian Retail Credit Association (ARCA) National Conference in Brisbane, Australia. This year’s theme was “Harnessing Disruption and Innovation” and was designed to give banks practical recipes for applying trends in banking and technology to improve their strategies. Mr. Rohde’s keynote was entitled “Big Data Science and Cloud Computing … Continued
Nomis Solutions is delighted to welcome Rolf Huber to its expanding EMEA team. With five languages, two degrees from MIT, and 25 years in banking technology to hand, Huber joins the retail banking analytics firm as EMEA Business Development Director. Huber will be using the experience gained over a highly varied career to expand the … Continued
Nomis Solution is delighted to announce the appointment of Damian Young as Managing Director, Nomis Europe Ltd (EMEA). Damian will be responsible for the successful leadership and management of the rapidly growing EMEA business. His remit will include client management and services, strategic direction, planning, and execution including expansion plans in the EMEA market. Damian … Continued
Nomis Solutions today announced the addition of Brian Buckingham as VP of US Deposits. Mr. Buckingham brings a wealth of experience in retail banking with a focus on deposits, driving initiatives in product development, pricing, and profitability management. Most recently, Brian served as Director of deposit products for small businesses at MUFG Union Bank, where he … Continued
Nomis Solutions, global pricing and profitability technology provider for the financial services sector, today announces a strategic teaming agreement with global advisory and expert consulting firm Berkeley Research Group (BRG) to help banks optimize their mortgage retention strategies, stimulate margins and simultaneously provide fairer and more transparent pricing for their customers. Today’s announcement coincides with … Continued
Nomis Solutions today announces the release of Nomis 4.6, the latest version of their feature-rich price optimization suite, which enables banks to utilize actionable insight to react more quickly in today’s dynamic financial services market. The 4.6 release follows a period of significant investment into performance and scalability that enables customers to respond swiftly to … Continued
Nomis Solutions has published timely guidance for retail banks on the implications of Basel III. The whitepaper, “Basel III and Retail Deposits Management,” answers key questions: Why was Basel III introduced and how does it treat deposits? How prepared are banks for incorporating Basel III into their deposits businesses? What is the best strategy to … Continued
Nomis Solutions is delighted to announce the appointment of Michael DeGusta to lead the architecture and development of the company’s next-generation pricing platform. Michael joined the company as Vice President and Chief Architect in early 2015 and has already been instrumental in pushing the capabilities of Nomis Solution’s cutting-edge pricing technology forward. Michael will be … Continued
Nomis Solutions, global pricing and profitability technology provider for the financial services sector, and its partners have concluded their annual Nomis Forum in San Francisco where the theme Keep Calm and Be Prepared was underscored by insight as to how banks can innovate and partner with alternative finance providers while anticipating interest rate rises. Some … Continued
Nomis Solutions, global pricing and profitability technology provider for the financial services sector, is welcoming innovators in banking from all over the world to the 8th annual Nomis Forum beginning today at the Fairmont Hotel in San Francisco. This year’s Forum theme is Keep Calm and Be Prepared. Experts from Nomis and banking industry executives … Continued
Nomis Solutions, the leading provider of pricing and profitability management solutions for financial services companies, wrapped up the Nomis Forum 2014 in Half Moon Bay, California, near the company’s Silicon Valley headquarters. The seventh annual event, themed, “Understand Your Customers and Everyone Profits”, brought together a one-of-a-kind combination of academics, policymakers, data scientists, and bankers … Continued
Nomis Solutions announced today that it has been selected as a winner of Red Herring’s Top 100 North America award, a prestigious honor given only to leading private companies from the Americas. “We are thrilled to be recognized as a Top 100 Winner,” said Frank Rohde, CEO of Nomis Solutions. “This award is made possible … Continued
Before “big data” was a buzzword, Nomis was at the forefront of applying data science, analytics, and optimization to help financial services companies reach their goals. Many of the world’s largest retail banks rely on Nomis to transform vast amounts of data into customer insights and tailored financial products. With Nomis, these banks can deliver … Continued
Nomis Solutions is delighted to announce the appointment of Damian Young to its senior executive team in Europe. Damian joins the company as Director of Banking for EMEA, where he will be the lead consulting Director with a focus on deposits management for banks. Having spent the last 25 years in the financial services industry, … Continued
As the banking conference season kicks into high gear, one conference continues to challenge conventional wisdom. At Nomis Forum 2014, academics, policymakers, data scientists, and bankers all come together to explore the present and future of scientific decision-making in pricing for financial services. The seventh annual Nomis Forum is being held May 28-29 in Half Moon Bay, … Continued
Ten of 16 Fed officials recently said they saw the Fed’s benchmark interest rate rising to 1% or more by the end of 2015, a slight uptick in projections from December when only seven officials saw rates at or above the 1% level. Twelve of 16 officials expect the rate to be at or above … Continued
Bain Capital Ventures Managing Director will discuss his experiences as an entrepreneur and investor in analytics-driven companies such as ProfitLogic and Nomis Solutions. As co-founder and President of ProfitLogic, Scott Friend is intimately familiar with the transformative power of advanced analytics. ProfitLogic was the leader in retail analytics and price optimization solutions, with clients such … Continued