Nomis Solutions
| Nomis Solutions Logo | |
| Private | |
| ISIN | 🆔 |
| Industry | Financial Technology |
| Founded 📆 | 2002 |
| Founders 👔 | Robert L. Phillips and Simon Caufield |
| Headquarters 🏙️ | , , United States |
Area served 🗺️ | |
Key people | Frank Rohde, Chairman, CEO and President, Robert L. Phillips, Co-Founder and Director, Richard Whittow, CFO and Vice President, Roger Arnemann, Senior Vice President Products and Services, Karen Beale, Senior Vice President of Sales |
| Members | |
Number of employees | 100 (2016) |
| 🌐 Website | www.nomissolutions.com |
| 📇 Address | |
| 📞 telephone | |
Nomis Solutions is a software as a service company that licenses price optimization software to banks and other financial service companies.[1][2] Founded by Robert L. Phillips and Simon Caufield in 2002, Nomis Solutions software enables financial service companies to forecast market conditions and set the prices.[1][3] The company provides big data customer analytics and modeling to retail banks in order to understand their customers for both lending and deposit products.[4][5] The company claims its customers generated over $1 billion in incremental profits.[5] In 2014, Nomis Solutions customers optimized over $1 trillion in banking transactions.[5] Nomis Solutions works with 20 of the top 100 U.S. banks.[6]
Nomis Solutions also calculates a price-sensitivity score that forecasts how different customer segments will respond to prices for different financial service products.[6][2] Nomis Solutions has worked with companies including Ford Motor Credit Company and Fifth Third Bank.[7][3]
References[edit]
- ↑ 1.0 1.1 Anne Kadet (May 2008). "Price profiling" (PDF). The Wall Street Journal Magazine. Archived from the original (PDF) on 2015-07-07. Retrieved June 11, 2015.
- ↑ 2.0 2.1 Penny Crossman (September 4, 2014). "How banks are using big data to set deposit rate". American Banker. Retrieved June 11, 2015.
- ↑ 3.0 3.1 Jonathan Camhi (February 2014). "Banks set the stage for customer acquisition". Bank & Systems Technology. Retrieved June 11, 2015.
- ↑ "Fast-Growing boomerang commerce adds office depot, Sears, and Groupon as customers, makes key executive hires to fuel growth". Virtual-Strategy Magazine. May 5, 2015. Retrieved June 11, 2015.
- ↑ 5.0 5.1 5.2 "Nomis Bolsters EMEA team with expert pricing executive". Global Banking & Finance Review. January 24, 2015. Retrieved June 11, 2015.
- ↑ 6.0 6.1 Tom Groenfeldt (December 17, 2013). "Rising interest rates could wreak havoc on bank balance sheets". Forbes. Retrieved June 11, 2015.
- ↑ "Nomis Solutions' pricing optimization solution helps ford motor credit company tailor prices to specific markets and segments". F&I and Showroom. February 5, 2008. Retrieved June 11, 2015.
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