Nomis Solutions: Best-in-Class Pricing and Profitability Management for Financial Services

THE NOMIS SOLUTIONS ADVANTAGE

Nomis Solutions has the most customers and experience, with
the largest number of
successful pricing optimization implementations in the financial services industry. Our solutions are used by executives responsible for pricing, product management, marketing, finance and risk. We can leverage this experience to bring similar results to your unique business environment and deliver the fastest time-to-benefit.

About Nomis Solutions
Nomis Solutions enables best-in-class Pricing and Profitability Management for financial services companies. Through a combination of advanced analytics, innovative technology, and tailored business processes, the Pricing and Profitability Management™ Suite delivers quick time-to-benefit, and improves financial and operational performance throughout the customer acquisition and portfolio management processes.

The Pricing and Profitability Management™ Suite of business solutions includes the award-winning Nomis Price Optimizer™, the Nomis Offer Optimizer™, the Nomis Mortgage Portfolio Optimizer™ Suite™, and the Nomis Navigator™. These solutions are designed to meet the specific requirements of auto finance, home equity lending, personal lending, mortgage, and deposits executives. Select customers include Santander, AmeriCredit, Bank of Montreal, Chase/WaMu, Chrysler Financial, HBOS plc (part of the Lloyds Banking Group), Nationwide Building Society, Royal Bank of Canada, Skipton Building Society and Yorkshire Building Society. Headquartered in San Bruno, CA, Nomis Solutions also has offices in London, United Kingdom.

Nomis Solutions History

Nomis Solutions was founded by Dr. Robert L. Phillips and Simon Caufield in 2002. Dr. Phillips has worked in the area of Price Optimization for 20 years and was instrumental in the adoption of the technology in many industries including: airline, hotel, manufacturing and retail. After successfully generating additional profits for these industries, Dr. Phillips was interested in helping banks and finance companies achieve the same benefits. He partnered with Simon Caufield, an expert in financial services, to identify the unique profitability dynamics of the industry.

Unprecedented turmoil in the financial markets has put pressure on banks and finance companies to get back to basics. Ultimately, a retail bank does two things: collect deposits and lend money. In a nutshell, deposits P&L owners need to determine who to collect money from and how much to pay them for it. Lending P&L owners need to figure out who to lend money to and how much to charge them. Pricing plays a key role in both sides of the equation and can help bring these two together in order to achieve overall corporate objectives. Although pricing is one of the most effective ways to immediately impact financial performance, in most banks today, it’s dramatically underutilized. For this reason, Dr. Phillips and Simon Caufield founded the company Nomis Solutions to deliver best-in-class Pricing and Profitability Management solutions to the financial services industry.