Pricing Analytics & Optimization Platform News from Nomis

By: Joe Zeibert To grab market share from traditional banks, innovative non-bank alternatives such as Rocket Mortgage, Better, and Figure are streamlining and digitizing the mortgage application process. In response, banks have...

BY: FRANK ROHDE, CEO, NOMIS SOLUTIONS The pricing of banking products has gotten more interesting over the last few years, thanks to competitive pressure from fintechs and neobanks, rising customer expectations, greater regulatory scrutiny and a changing interest rate environment. Banks and lenders are now using several different levers to become more customer-centric in pricing their products.

A bank’s ability to execute surgical pricing strategies on its deposit portfolio is one of the most potent competitive differentiators in the current interest rate environment. Banks that can’t deliver this will experience net interest margin declines that will erode overall profitability. Read more via American Banker

  Silicon Valley's Nomis Solutions has planted a flag in Northeast Ohio with a new R&D facility it's now running in Beachwood.

Citigroup is offering incentives like paying for your Hulu or Amazon Prime to keep you banking there

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