NOMIS 4.6 ENHANCES ACTIVE MARKET SIGNAL RESPONSE

Banks can Take Rapid Action In Competitive Markets as Rates Rise

Nomis Solutions announced the release of Nomis 4.6, the latest version of their feature-rich price optimization suite, which enables banks to utilize actionable insight to react more quickly in today’s dynamic financial services market.

The 4.6 release follows a period of significant investment into performance and scalability that enables customers to respond swiftly to business opportunities and challenges. Insight gained from the recent Nomis Forum emphasized the increasing pressure banks are under to win and protect market share, grow responsibly, and react quickly. Nomis 4.6 further enables this by equipping banks with the ability to optimize the drivers of profitability and volume across their portfolios at speed and with increased granularity, therefore pricing more effectively, all vital capabilities banks need to master.

For Nomis, the focus is solely on understanding and addressing banking profitability challenges in industry-specific price optimization software.  This release adds significant customer value in highly competitive or rising rate environments where speed is essential.

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 

Additional features in Nomis 4.6 include: 

  • A new capability called Active Recalibration™ that dynamically adjusts models, enabling up-to-date and market-informed decisions.
  • A new reporting suite that quickly surfaces actionable insights.
  • Enhanced optimization and Efficient Frontier mechanics that reveal key trade-offs to help make strategic decisions quickly.

Nomis also made significant strides in further enhancing their Lending solutions in this release. Below are some of the highlights:

  • The incorporation of Home Equity loans to round out their widely deployed Home Equity solution.
  • The integration of third party data from their solution partner, Icon, into their auto finance solution to understand real-time market movement.
  • Enhanced optimization mechanics for Auto Finance, including user-specific optimization constraints personalizing a user’s solution experience.

Nomis LogoNomis Solutions CEO, Frank Rohde, says of the release, “With rising rates in the U.S., Eastern Europe, and parts of Asia Pacific, the leading economies of the global economic recovery, the question still looms: How do banks tackle the challenge of protecting market share from challengers and benefitting from raising interest rates while satisfying more customer segments? Those who are ready for this challenge will be the winners.

Our solution allows banks to use data science to decide what action to take in a wide range of market scenarios, only one of which is a rising market. In an often-convoluted landscape of approaches to solving price optimization, the Nomis 4.6 Price Optimization Suite offers a simple and integrated software-based approach for incorporating segment, economic, and regulatory variables into pricing decisions based on cutting-edge science and deep understanding of banking economics. Our philosophy has always been to educate the market and provide solutions that make robust price optimization a quickly deployable solution for any bank investing in competitive advantage. Nomis 4.6 makes these capabilities even more accessible for banks seeking to achieve rapid and entirely quantifiable bottom line results.”

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 
Close
Stay Updated To Save Money & Time. Join Our Free Newsletter. 
. Indepth Analysis & Opinion       Interviews          . Exclusive Reports 
. Free Digital Magazines        . News & updates        . Event Invitations
& Much More Delivered To Your Inbox For Free. 
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.
 
Close