Discover How Q2 Bank Earnings Might Affect 2021 Deposit Playbooks


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

Nomis Solutions Secures Funding From Symphony Technology Group


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

Nomis’ Prashant Balepur on Bringing Data Science to Bank Pricing Strategies


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

Nomis’ Dustin Allen on Five Immediate Steps to Tackle Deposit Mispricing


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

Artificial Intelligence (AI): The Slingshot for Small Banks


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

It’s Time to Take Control of Your Exception Pricing and Become More Customer-centric


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

Nomis Solutions Announces Agenda and Keynote for 2020 Banking Growth Forum


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

Global Fintech Nomis Solutions Opens Center of Excellence in Cleveland


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

Vanguard Features Nomis Solutions’ Douglas Luftman, Strategic Alignment


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 Appoints Banking Executive to Lead Global Deposits Solution


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 Solutions Announces Agenda and Keynote for 2019 Banking Growth Forum


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

Market Momentum Builds for Fintech Innovator Nomis Solutions


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

BNZ Partners With Nomis Solutions on its Customer-centric Digital Pricing Journey


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 Makes Investment and Forms Strategic Alliance With Nomis Solutions


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

Financial Transactions Optimized Using Nomis Solutions Technology Exceed $1.5T in 2016


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

Nomis Solutions Expands Offering to Increase Banks’ Sales Effectiveness


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 Unveils Index, Estimates Fed-Funds Rates Impact on Portfolios


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

Leverage Data, Modelling and Behavioural Attributes to Optimize Lending and Deposits


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

Using Customer Analytics to Meet and Exceed Deposit Portfolio Goals


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 Launches New Offering, Helps Bankers Negotiate in Real-time


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

Nomis Solutions and Oliver Wyman to Spotlight Growth at Upcoming Forum


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

2016 Banking Growth Forum to Focus on Reinventing the Growth Playbook


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 Highlights Retail Banking Growth Solutions as Sapphire Sponsor at CBA Live


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’ New Dynamic Pricing Release Prepares Banking Industry for Growth


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

Six Reality Checks Banks Face With Today’s Historic Rate Increase


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

Big Data Helping Banks Understand Consumer Behavior


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

Damian Young Appointed as Managing Director EMEA for Nomis Solutions


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 Expands Deposits Team as Interest in Deposits Price Optimization Grows


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

How Banks Can Remain Profitable and Adhere to New Regulations


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

2015 Key Insights Revealed, Price Key to Financial Industry Growth and Innovation


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 Forum Drives Pricing Advantage, Innovators Gather to Sharpen Skills


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

Yellen and Fed Tag Team Interest Rate Rises: The Numbers at Stake


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