IQPC Hosts 3rd Annual Pricing Optimization for Financial Services Conference
Nomis Solutions' Founder and Chief Science Officer Dr. Robert L. Phillips to Chair Conference
New York, NY October 5, 2007-- International Quality & Productivity Center (IQPC), a global business research company, today announced the 3rd Annual Pricing Optimization for Financial Services Conference. To be held December 3-5, 2007 in Coconut Grove, FL, the conference will focus on how financial institutions can use pricing to generate profit and market share in today's volatile lending environment. The conference will provide guidance to bank executives about how they can use innovative pricing strategies to better manage issues such as decreasing home prices, car sales, loan applications and the increase in mortgage payment defaults. This year's conference chair is Dr. Robert L. Phillips, founder, chief science officer and vice president of research and development at Nomis Solutions, the leader in Profit-based Pricing for banking and finance.
The conference will bring together a host of expert executive speakers from banks and finance companies such as: AmeriCredit, Bank of America, Citigroup, Key Bank, M&T Bank, and SunTrust, among others, to discuss the growing use of pricing optimization, a more customer-centric approach to pricing, within the financial services markets.
"Now more than ever, banks and finance companies need to use innovative approaches to attract more customers, retain existing customers, and gain competitive advantage," said Dr. Phillips. "Pricing optimization allows executives to be more strategic, efficient and customer-centric in their pricing decisions. By gaining a better understanding of customer preferences, these companies can better tailor rates and terms, which results in higher profits and market share."
In addition to his role as chair, Dr. Phillips, who authored the award-winning book Pricing and Revenue Optimization, will lead a 3-hour workshop, "The Top 10 Pricing Optimization Insights: Key Lessons Learned from Experience in Banking & Finance" and deliver a presentation on the topic, "Taking Pricing Optimization to the Next Level: Using Customer Insights to Better Cater to Your Customers and Outsmart Competitors."
Nomis Price Optimizer is in use at more than 10 banks and finance companies and is generating significant financial improvements. TowerGroup, a leading financial services analyst group, predicts that 90% of large U.S. banks will adopt price optimization by 2010. (Source: Pricing Optimization: A Practical Guide to a Retail Bank Implementation, April 2007, Reference # V51:01RC, Bobbie Britting, Senior Analyst, Consumer Lending and Kathleen Khirallah, Managing Director and Practice Leader).
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 Optimizer™ 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, GE Money, and HBOS plc. Headquartered in San Bruno, USA, Nomis Solutions has offices in Charlotte, NC and London, United Kingdom. Visit www.nomissolutions.com or contact us at info@nomissolutions.com or 650-588-9800.
About IQPC
IQPC provides business executives around the world with tailored practical conferences, large scale events, topical seminars and in-house training programs, keeping them up-to-date with industry trends, technological developments and the regulatory landscape. IQPC's large scale conferences are market leading “must attend” events for their respective industries.
IQPC produces more than 1,500 events annually around the world, and continues to grow. Founded in 1973, IQPC now has offices in major cities across six continents including: Berlin, Dubai, Johannesburg, London, Madrid, New York, Sao Paulo, Singapore, Stockholm, Sydney, and Toronto - with additional openings scheduled for 2007. IQPC leverages a global research base of best practices to produce an unrivalled portfolio of conferences.
Visit www.iqpc.com or contact 1.800.882.8684.
Nomis Solutions and Nomis Price Optimiser 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.
