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August 20, 2008

Nomis Solutions Bolsters Industry Expertise in Banking and Finance

Nomis Solutions Augments Team with Industry-Specific Experts to Support Continued Global Growth and Adoption of Pricing Optimization Solutions

 

August 19, 2008

Nomis Solutions Announces John William Snow, Chairman of Cerberus Capital Management, as Keynote Speaker for the 2008 Global Pricing Optimization Forum

The premier pricing optimization event for the banking and finance market features presentations from Royal Bank of Canada, HBOS, Chrysler Financial and AmeriCredit

 

July 14, 2008

HBOS Strengthens Personal Loans Pricing with Nomis Solutions

“Since working with Nomis Solutions our pricing team has achieved both strategic and operational benefits. We continue to gain insights about our customers and our product performance, which we’ve used to advance our pricing practices and process,” said Alex Park, senior manager, Pricing, Unsecured Personal Loans at HBOS.

 

June 24, 2008

Nomis Solutions’ Dr. Robert Phillips to Speak on Pricing and Revenue Optimization

Nomis Solutions, the recognized leader in Profit-based Pricing for banking and finance, today announced that Dr. Robert L. Phillips, founder, chief science officer and vice president of research and development, will be delivering an insightful presentation concerning the ideas surrounding Pricing and Revenue Optimization at the Wharton Club of Northern California. The event will be taking place at Carr & Ferrell Llp. in Palo Alto, California at 6:00pm on August 20th.

June 24, 2008

Chrysler Financial Selects Nomis Solutions to Optimize the Short and Long-Term Performance of its
Auto Finance Portfolio

“A new, collaborative pricing model enables us to take a more proactive approach and use pricing strategically to drive performance,” stated Kelly Mankin, vice president of marketing at Chrysler Financial. “We chose to work with the Nomis Solutions team because of their proven track record and experience in pricing optimization as well as their solid understanding of the auto finance business.”

May 13, 2008

Nomis Solutions’ Dr. Robert Phillips to Lead Professional Pricing Society Workshop on Pricing and
Revenue Optimisation

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced that Dr. Robert L. Phillips, founder, chief science officer, and vice president of research and development will be instructing a two-day intensive workshop on “Pricing and Revenue Optimisation.” The workshop is one of five certification workshops hosted by the Professional Pricing Society™ as part of the “Pricing from a European/Global Perspective” programme, where participants can learn from the most knowledgeable pricing faculty in the world.

May 6, 2008

Nomis Solutions Empowers Credit Analysts and Underwriters in Auto Finance with a Targeted Decision Support Solution for Negotiation

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, announced today the introduction of the Nomis Offer Optimizer™. The solution empowers credit analysts and underwriters with the ability to optimize individual loan applications, as well as groups of deals at the point of sale. Armed with a powerful and automated optimization solution that provides key insights such as a dealer scorecard, deal history, likelihood of acceptance, as well as the ability to customize deals on the fly, credit analysts can now meet the needs of dealers while adhering to corporate business objectives.

April 15, 2008

Nomis Solutions Expands Global Services Team with New Director of Professional Services

“We’re very excited about Alan joining our Nomis Global Services management team. His experience forging strong customer relationships and delivering high-value services will help us ensure that our UK customers are successful with their pricing optimisation initiatives,” said Mr. Kuckuk.

April 8, 2008

Nomis Solutions’ Pricing Optimization selected by RBC Across Multiple Lines of Business

RBC, which is the master brand name of Royal Bank of Canada, is Canada’s largest bank and one of North America’s leading diversified financial services companies. RBC has recently deployed Nomis Price Optimizer across its personal lending business allowing RBC to build upon its industry leading pricing practices and better tailor offers to customer segments.

March 5, 2008

Pricing and Revenue Optimization Luminary, Dr. Robert Phillips, to Lead Two Master Classes at the
Mortgages 2008 Conference

“The credit crisis has forced the topic of pricing to the front page of the Financial Times. Now is the time for mortgage lenders to rethink their pricing practices and processes to ensure they are able to achieve their customer acquisition and retention goals in 2008,” said Dr. Phillips. “I believe the mortgage executives that have registered for these classes will benefit greatly from hearing about the innovative approaches that some companies are adopting across various lines of business to increase profit and volume. Pricing optimization is being rapidly adopted in the financial services market both in the US and the UK. Those companies that move quickly will gain a competitive advantage and the ability to better manage profitable growth than their competition.”

February 5, 2008

Nomis Solutions’ Pricing Optimization Solution Helps Ford Motor Credit Company Tailor Prices to Specific Markets
and Segments

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced that it is providing Nomis Price Optimizer™ for Auto Finance to the Ford Motor Credit Company, the finance arm of Ford Motor Company and one of the world’s largest automotive finance companies. Ford Motor Credit is using the Nomis Price Optimizer in its U.S. and Canadian markets to tailor standard and subvened loans and lease prices to meet volume and return on equity goals.

February 4, 2008

Nomis Solutions Strengthens Board of Directors with Appointment of Technology Veteran Steven M. Mankoff

“Steve could not be joining our Board at a better time in our company’s lifecycle,” said Dennis Stradford, chairman and CEO of Nomis Solutions. “His past experience and focus on customer success will help support our mission to deliver best-in-class pricing optimization solutions. I am looking forward to working closely with Steven and the rest of the Board to align our continued growth with an effective customer-focused delivery model. With the addition of Steve, we are bringing deep expertise in managing customer excellence and success to our Board.”

January 29, 2008

Nomis Solutions to Demonstrate How Auto Finance Executives Can Achieve 2008 Targets by Enhancing their Pricing Process at AFSA Vehicle Finance Conference

"Nomis Solutions is proud to take a leadership role in this year's AFSA Vehicle Finance Conference and we’re looking forward to demonstrating how auto finance executives can leverage pricing optimization technology to positively impact bottom line results by better executing their pricing strategies," said Frank Rohde, chief marketing officer and vice president of product management at Nomis Solutions.

January 15, 2008

Nomis Solutions Raises Strategic Value of Pricing for the Financial Services Industry with Introduction of
Nomis Price Optimizer 3.3

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced the immediate availability of Nomis Price Optimizer™ 3.3. Loaded with enhanced features, the new version helps improve a bank’s ability to effectively forecast and monitor lending portfolio performance.

December 4 , 2007

Nomis Solutions Enriches Newly Formed Research and Development Team with Appointment of Dr. Joseph Nipko

“I joined Nomis Solutions because it is the clear leader in this growing market and its founder, Dr. Phillips, is a pioneer in successfully developing and introducing pricing optimization technology into new markets that can benefit,” said Dr. Nipko.

October 30, 2007

Nomis Solutions Augments Management Team with Appointment of Todd Spartz as Vice President and
Chief Financial Officer

“I’m excited to be joining Nomis Solutions at such a critical point in the company’s growth,” said Mr. Spartz. “I’m impressed by the financial results that the company is able to generate for its banking and finance companies and the level of energy the team has about helping customers improve their pricing and profitability management processes.”

October 24, 2007

Nomis Solutions Appoints Industry Expert Karen Beale as Vice President of Sales to Meet the Growing Demand for Pricing Optimization Solutions

Nomis Solutions today announced the appointment of Karen Beale as vice president of North American sales. Ms. Beale will assume immediate responsibility for leading and expanding the sales organization to meet the growing demand for the award-winning Nomis Price Optimizer Suite of solutions. She will report directly to Nomis Solutions’ Chairman and CEO, Dennis Stradford.

October 18, 2007

AmeriCredit Adopts Profit-Based Pricing Approach Enabled by Nomis Solutions

“The Nomis Price Optimizer is our full-spectrum pricing and profitability management solution,” stated Tom Schwartz, vice president of profitability analytics at AmeriCredit. “We plan to use the solution across our entire business including subprime, near-prime and prime product lines to help us create better solutions for our dealers and customers.”

October 12, 2007

Matt Kuckuk Joins Nomis Solutions as Vice President of Global Services

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced the appointment of Matt Kuckuk as vice president of global services. With more than 25 years of professional services management and operations research experience, Mr. Kuckuk assumes responsibility for building and leading Nomis Solutions’ world-class professional services organization and ensuring each customer successfully implements and uses the Nomis Price Optimizer to achieve their business objectives.

October 10, 2007

Nomis Solutions Wraps Up Its 2nd Annual European Profit-Based Pricing Conference

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced the completion of its 2nd Annual European Profit-Based Pricing Forum. The invitation-only, two-day forum provided the top pricing, product management, and profitability executives from the world’s leading banks and finance companies with an understanding of how Profit-based Pricing can help acquire customers, retain existing customers, differentiate from the competition, support regulatory compliance, and upgrade pricing practices and processes.

October 5, 2007

IQPC Hosts 3rd Annual Pricing Optimization for Financial Services Conference

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.

September 25, 2007

Abbey Strengthens Pricing Practices and Processes With Nomis Solutions

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced that Abbey has adopted the Nomis Price Optimizer™ for Personal Lending. The sixth largest bank in the United Kingdom embarked on this initiative to support its strategic vision to better serve customers through a better understanding of their needs and using this insight to make more informed decisions in its unsecured loans business.

September 24, 2007

Nomis Price Optimiser Makes the Shortlist for the European Banking Technology Readers’ Choice Award for Most Innovative New Product

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced that it was selected as a finalist for the European Banking Technology Readers’ Choice Award. The Nomis Price Optimiser is one of three finalists in the “Most Innovative New Product” category.

September 19, 2007

Nomis Solutions Accelerates Development of Pricing Optimization Technology

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced the expansion of its product development team to accelerate the advancement of Nomis Solutions’ award-winning Nomis Price Optimizer™ Suite of solutions. The company has opened an office in Pune, India to tap into a pool of experienced developers and satisfy the evolving needs of its growing customer base.

August 15, 2007

Nomis Solutions' Dr. Robert L. Phillips to Present at Upcoming Credit Scoring and Credit Control Conference

"I'm pleased to be speaking at the 10th annual Credit Scoring and Credit Control Conference. Pricing is clearly one of the next frontiers for risk and credit analysts to consider as a way to improve results in their business," said Dr. Phillips. "I'm eager to share how price optimization has evolved over the past decade, how we've successfully customized it for the unique needs of the banking and finance industry, and how it works with credit scoring to deliver real value."

July 31, 2007

Over Eighty Percent of Banks in the United Kingdom Plan to Improve Pricing Practices in the Next Year

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, announced today the results of BenchMark Consulting International’s study of the pricing practices of the United Kingdom’s personal lending market. Results indicate that more than half of the participants are engaged in evaluating and adopting price optimisation technology.

 

July 24, 2007

Nomis Solutions Hosts 2nd Annual European Profit-Based Pricing Forum

Nomis Solutions today announced the 2nd Annual Profit-Based Pricing Forum. Scheduled for September 26-27 at the prestigious Macdonald Frimley Hall Hotel & Spa in Surrey, United Kingdom, the invitation-only event, hosted by Nomis Solutions, will assemble the top pricing, product management, and profitability executives from the world's leading banks and finance companies.

 

June 13, 2007

Nomis Solutions Enables Banks and Finance Companies to Evolve Towards More Targeted Customer-Centric Pricing

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, announced today the immediate availability of Nomis Price Optimizer™ Suite 3.2. Nomis Price Optimizer 3.2 gives banks and finance companies a competitive advantage and empowers them to be more strategic and effective pricing organizations. The Nomis Price Optimizer has been successfully implemented by 10 banks and finance companies and is generating significant financial improvements.

June 13, 2007

Nomis Solutions Delivers Benefits of Profit-Based Pricing in Secure and High Performance Hosted Environment

“Our top two priorities when hosting the Nomis Price Optimizer are security and performance,” said Bharath Kumar, vice president of engineering at Nomis Solutions.  “By using the hosted version of our solution, our customers can capitalize on our best-in-class science, technology, and responsive support services while saving time and money by not needing to fully engage their often expensive and overburdened internal resources.”

May 15, 2007

Nomis Solutions Provides Strong Compliance Framework for Leading Banks and Lending Institutions

Jean Noonan, partner and manager of the Washington, D.C. office of Hudson Cook, LLP, stated "Profit-based Pricing provides lenders with a paper trail for each pricing decision, offering the visibility that regulators require and making it easier for historic pricing decisions to be audited and defended, should the need arise."

April 24, 2007

Nomis Solutions Raises $8 Million to Expand Market Leadership Position in the Accelerating Price Optimization
Market for Banking and Finance

Nomis Solutions, the recognized leader in Profit-based Pricing for banking and finance, announced today that it has raised an additional $8 million in Series C funding from existing investors Bain Capital Ventures, August Capital, and Redrock Ventures. This latest infusion of capital brings Nomis Solutions' total investments to $20 million.

April 17, 2007

Nomis Solutions Enables Motor Finance Executives to Win More Profitable Deals

Nomis Solutions will reveal a new opportunity for motor finance executives to increase profits at the 10th Annual Motor Finance Europe Conference & Expo. Held in London on April 25, the conference, themed "The Drive for Profit: The Next Decade in Motor Finance" provides a venue for Nomis Solutions to share the power of Profit-based Pricing with the UK's motor finance leaders.

April 10, 2007

Nomis Solutions Provides Europe's Retail Lending Executives Comprehensive Overview of Profit-Based Pricing

Nomis Solutions will conduct a three-hour interactive workshop titled, "Understanding Profit-Based Pricing in Retail Lending" on Wednesday, April 25, 2007 from 8:00 am - 11:00 am at the IQPC Pricing Optimization for Financial and Insurance Services Conference, which takes place April 25-27 in Barcelona, Spain. Nomis Solutions' Director of Analytical Services, Dr. Alex Romanenko, and Director of Sales, Mr. David Brown will provide a comprehensive overview of this hot topic and answer some of the most commonly asked questions.

March 6, 2007

Study of Canada's Unsecured Personal Lending Market Reveals Pricing Practices Are a Top Priority of Market Leaders

Brian King, consumer lending practice manager at BenchMark Consulting, stated "Canadian financial institutions are realizing the value of advanced analytics and price optimization to most effectively price their products to their various customer segments in order to better achieve their business performance goals".

January 24, 2007

Nomis Solutions Sponsors Keynote Speaker for AFSA's Vehicle Finance Conference

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced its Platinum sponsorship of the American Financial Services Association's (AFSA) 11th Annual Vehicle Finance Conference and Exposition, held January 31 - February 2, 2007 at the Ritz-Carlton Las Vegas. Nomis Solutions is sponsoring the keynote breakfast with Andrew J. Card Jr., former chief of staff to President George W. Bush. In addition, Nomis Solutions will offer a free Profit Opportunity Assessment at its booth #18.

January 16, 2007

Leading Analyst Group Evaluates Nomis Solutions' Price Optimizer

Gartner Group's Principal Analyst of Banking Practice, Richard De Lotto analyzed Nomis' Price Optimization Suite in a recently published report, "Investigate Nomis Solutions Price Optimizer."

December 13, 2006 - Hear the Podcast:

Nomis Solutions Augments Executive Team to Support the Global Growth of the Profit-Based Pricing Market

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced the appointment of Lawrence Whittle, a veteran sales, marketing and operations manager. As Vice President International, he will oversee the expansion and growth of Nomis Solutions' international operations and will report directly to Nomis Solutions' Chairman and CEO, Dennis Stradford. Mr. Whittle's hiring represents a significant building block for supporting the worldwide adoption of Nomis Solutions' pricing optimization technology, which enables a Profit-based Pricing approach.

November 28, 2006

Nomis Solutions' Founder Recognized For His Advancement of Revenue Management and Pricing Practices

Dr. Robert L. Phillips' book Pricing and Revenue Optimization has been recognized by the Institute for Operations Research and Management Sciences (INFORMS) as the best contribution to the science of pricing and revenue management published in English. "I am very honored that my book was recognized by INFORMS. The business benefits of price and revenue optimization are now expanding beyond the initial industries first implemented," said Dr. Phillips, CTO & vice president of product management for Nomis Solutions.

November 14, 2006

Nomis Solutions Presents at "Strategic Pricing in the Financial Sector" Conference

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced its participation in the upcoming "Strategic Pricing in the Financial Sector" conference held in New York, December 4-5, 2006. Simon Caufield, founder and vice president, Global Head of Services at Nomis Solutions, will present "Key Lessons Learned from Profit-Based Pricing Implementations" and participate in a panel discussion which explores how banks and finance companies can strategically leverage pricing to achieve business objectives.

October 17, 2006

Nomis Solutions Applauds Dr. Robert Oliver's Induction into The National Academy of Science for Engineering

Dr. Robert Oliver, who sits on the company's Board of Advisors, has been inducted into the National Academy of Engineering. Dr. Oliver was recognized for leadership in the development of financial engineering and for the application of operations research to important public problems. Election to the National Academy of Engineering, awarded to 76 inductees, is among the highest professional distinctions accorded to an engineer.

October 11, 2006

Auto Finance Study Reveals 81% of Leading Finance Organizations Plan to Improve Pricing Process

Walter Cunningham, director at BenchMark Consulting, said, "Auto Finance lenders recognize that pricing can be used as a strategic lever and that pricing processes can be significantly bolstered to better support the corporate goals of profit and market share growth."

September 19, 2006

Nomis Solutions Introduces Nomis Price Optimizer™ Suite 3 to Enable Profit-Based Pricing

"Historically, pricing as a discipline was undeveloped at HBOS and we had a one size fits all approach," said Douglas Craddock, head of pricing, loans, Halifax Bank of Scotland (HBOS), the third largest provider of Consumer Loans in the UK.

"After partnering with Nomis Solutions to implement a Profit-based Pricing approach to our $9 Billion Consumer Loans business, we have improved the quality of our pricing decisions across the portfolio without compromising our volumes, recouped our investment, and gained significant insights about the business."

September 12, 2006

Home Equity Lending Survey Reveals 73% of the Top 22 Banks Plan to Improve Pricing Process

Of the 22 top banks that were surveyed, 100% of home equity lenders believe there is room for improvement in their current pricing practices, 73% plan to improve their pricing process in the next two years, and 50% are in the process of evaluating price optimization solutions to enable a Profit-Based Pricing approach to achieve their business goals.

August 22, 2006

Financial Industry Leaders Share Perspectives on Pricing Practices, Namely Profit-Based Pricing

Douglas Craddock, head of pricing, Loans HBOS, the third largest provider of Consumer Loans in the UK delivered a presentation that detailed how he and his team implemented a Profit-based Pricing approach in HBOS' $9 billion Consumer Loans business, resulting in increases of net interest margin of up to 34 basis points.

"The conference provided excellent insight into both the theoretical and practical aspects of Profit-based Pricing," said Craddock.

August 15, 2006

TowerGroup Identifies Need for Banks and Finance Companies to Adopt Profit-Based Pricing Approach

Bobbie Britting, senior analyst, Consumer Lending at TowerGroup noted, "As the pendulum swings from the cost cutting, down-sizing and right-sizing of the '90's and early 2000's to price optimization, the internal pricing function will rise to new levels of importance within the organization.

Lenders not implementing Profit-based Pricing are leaving money on the table and early adopters will garner the greatest benefits."

April 6, 2006

Halifax Bank of Scotland Wins "Best Use of IT in Retail Banking" Financial Sector Technology Award for Its Use of Nomis Price Optimizer™

Nomis Solutions today announced that Halifax Bank of Scotland (HBOS) has won the Financial Sector Technology Award 2006 for the "Best Use of IT in Retail Banking" category for its implementation of the Nomis Price Optimizer™ .

The accolade is for the significant profitability improvement in the Personal Loans portfolio that HBOS generated through the use of the Nomis Price Optimizer™ technology to set optimized loan prices. HBOS was able to improve net interest margin equivalent by 34 basis points through the application of Nomis Solutions' price optimization methodology.