Nomis Insights™ - Adding Science to the Art of Pricing
Nomis Solutions launches money markets pricing portal to help retail banking professionals
make better pricing decisions.
SAN BRUNO, CA. November 18th, 2009 —Nomis Solutions today announced the release of www.nomisinsights.com - the first pricing portal for retail banking. The pricing portal is initially focused on money market product pricing in the United States and features:
- Comparison pricing for over 3500 banks, credit unions, thrifts, and S&Ls in all 50 US states based on up-to-date competitive rates
- Competitor tracking and rate alerts when competitor rates change
- Price Sensitivity Heatmaps that identify market segments with above or below average price sensitivity
- Pricing Guidance based on unconstrained goals such as increasing balances or increasing margin only
Nomis Insights™ is designed for pricing and product managers, as well as banking executives in sales, marketing, risk management, and retail branch environments. Information and pricing guidance is presented in a simple and intuitive way, based on sophisticated price sensitivity and demand modeling as well as Nomis' optimization technology. By leveraging up-to-date competitive rate information for over 3500 US institutions and proprietary predictive models, Nomis Insights™ is able to provide instant pricing guidance to users.
"I am pleased to announce the market launch and immediate availability of Nomis Insights™ to the US banking community" said Frank Rohde, CEO of Nomis Solutions. "With today’s release of Nomis Insights™, we are bringing powerful price optimization capabilities to over 95% of the US market for money market savings. Most US providers of money markets savings products should be able to find their rates at www.nomisinsights.com and start analyzing and optimizing their pricing strategy within 30 minutes of registering, ultimately leading to a more competitive market for consumers."
Qualified banking users can register for a free subscription to Nomis Insights™ at www.nomisinsights.com.
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 Abbey (part of the Santander Group), 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. Visit www.nomissolutions.com or contact us at info@nomissolutions.com or 1-650-588-9800 or +44 0207 812 7251.
