Factoids on pricing and profitability management.

Why Nomis? $1.3 Trillion+ in managed assets and liabilities.
Why Nomis? 275 million+ total deposit accounts managed
Why Nomis? >3:1 Faster market adoption win ratio in North America
Why Nomis? 5 of the top 20 banks, including 4 CCAR banks
73 percent of millennials would be more excited about a new offering from Google, Amazon, Apple, PayPal or Square then from their own bank.
86% of consumers trust their bank over all other institutionsto securely manage their personal data.
53 of millennials don’t think their bank offers anything different than other banks.
60% of consumers expect companies to understand their preferences and needs.
Consumers are willing to spend $759 - $1617 upfront on mortgage to avoid switching banks.
Consumer satisfaction with branch channel has increased to 60% in 2016, compared to 53.5% in 2015.
Discretion is applied to 80% of mortgages.
Deposit Run-off anticipated to be 5-11% of portfolio balances.
38% are able to get better rates from another institution other than their primary bank.
A Nomis customer empowered 6,000 front line bankers, and reduced costly exceptions by 50%.
Bank-to-bank transfers through ACH take 2 days and cost nothing.
The branch is NOT dead. 68% of Baby Boomers and 54% of Gen X'ers report they interact with in-branch banking.
1/3 bought product from a bank other than primary in the last year.
79% of consumers consider their banking relationship to be merely transactional.
74% of U.S. deposits executives say that uncertainty of the economy, regulations, and competition are a primary challenge that prevents them from achieving their most important objectives
38% of banks report that they are still exploring adopting big data analytics
Over half of U.S. deposits professionals plan on investing in predictive analytics such as sensitivity and forecasting models
32% of Financial Services marketing departments report difficulty in mining
86% agree that predictive analytics would have a beneficial impact for their organization
72% of North American millennials would be likely to bank with non-financial services companies they do business with
Gnomes helps you generate $500,000 in net interest income per billion dollars of assets at risk
Top banks report that when rates rise, deposit run-off could be between 5 and 11% of their portfolios
70% of U.S. deposits executives say that availability of IT resources in a primary challenge that prevents them from achieving their most important objectives
71% of millennials believe that their relationship with their banks is transaction rather than relationship-driven
40% of banks report a shortage of skilled people for data analytics
84% of U.S. deposits professionals who aren't using customer rate-sensitivity already, want to
39% of North American millennials would consider using a branch less digital bank
89% of U.S. deposits executives say that overall primary checking relationship growth is critically or very important
30% of banks report that customer loyalty is their biggest challenge
72% of North American millennials are active users of mobile banking
Nomis processes over $1 trillion in transactions annually resulting in over $300 million returned to banks every year
50% of large financial institutions (>50B) report having significant analytics capabilities compared to just 22% of banks with 1B-50B in assets
Nomis helps you: 18% increase in Net Interest income at stable balances
42% of Financial Services marketing departments report that the plan to invest in customer analytics
67% of U.S. deposits executives say that preparing for Basel III and other regulations that govern deposits stability is critically or very important
67% of North American millennials feel the traditional and digital experience they receive from their bank is somewhat or not at all seamless
Rough 18% stated they never looked for better rates or prices on loans.
85% of U.S. deposits executives say that high-value primary checking relationship growth is critically or very important
Nomis helps you: 5bps increase NIM without balance loss
Nomis helps you: 16% increase originations and drive a 5% NPV gain
84% o U.S. deposits professionals who aren't using customer rate-sensitivity already want to
33% of millennials believe that they won't be needing a bank in the next 5 years
Less than one-third of consumers often looked for better prices when shopping for major financial loans, such as a mortgage or an auto loan
50% of Gen Y and 42% of Gen X report their bank does not know their individual needs
Nomis helps you: Increase average profitability with risk constraints
94% of North American millennials are active users of online banking
70% of U.S. deposits executives say that availability of IT resources is a primary challenge that prevents them from achieving their most important objectives
Price sensitivity in Canadian mortgage pricing increased by 18% between 2010 and 2014
74% of U.S. deposits executives say that profit/margin on deposits is critically or very important
pixel_no_fill.png
pixel_no_fill.png
pixel_no_fill.png

Learn more about pricing and profitability management.

NOMIS BLOG