FinovateSpring 2012 / Nomis Solutions
Presenter Profile:
How they describe themselves: Nomis enables best-in-class Pricing and Profitability Management for financial services companies. Through a combination of advanced analytics, innovative technology, and tailored business processes, the Pricing and Profitability Management™ Suite enables banking executives to make more intelligent, data-driven decisions to align their pricing practices with customer needs and business goals.
How they describe their product/innovation: Nomis is launching the next gen Pricing and Profitability Management platform for retail banks. The new platform builds on the success and reputation of the Nomis Price Optimizer and Nomis’ experience in delivering sustainable, strategic, financial, and operational returns to 35+ customers. By marrying insightful data streams, cutting-edge predictive analytics & behavioral science, and powerful decision-making capabilities within an engaging user experience, the platform enables CFOs, Portfolio Owners, Product Managers, and Pricing Analysts to understand their customers and make profitable, customer-sensitive decisions regardless of market and competitive dynamics.
Contacts:
Sales: Jennifer Horn, Esq., Jennifer.Horn@nomissolutions.com, 650-588-9800 x248
Website: www.nomissolutions.com
HQ Location: San Bruno, CA
Company Founded: May 2004
Product Being Demoed: Nomis’ Pricing and Profitability Management Platform
Product Launched: May 2012
Metrics: Since 2004, Nomis has completed over 35 implementations of pricing technology and processes. Along the way, our customers have run over 100,000 pricing scenarios, priced over $400B in consumer accounts, and generated over $400MM in incremental profits through the use of Nomis technology.
- Key Executives
Frank Rohde (President & CEO), Prashant Balepur (VP Product Development)
Key Stats
- Key Board Members
Frank Rohde (President & CEO, Nomis Solutions), Dr. Robert Phillips (Founder, Chief Science Officer & VP Research & Development, Nomis Solutions), Scott Friend (Managing Director, Bain Capital Ventures), Jeffery Schwartz (Managing Director & Founding Partner, Bain Capital Ventures), David Hornik (Intellectual Property & Corporate Attorney), Bob Tod (Director & Founder of several startups, two of which are now public companies with annual sales in excess of $6B), Steven Mankoff (Director & Advisor in the technology industry, Founder’s Circle, and executive management team at Siebel Systems)
- Key Advisory Board Members
Guillermo Gallego (Chairman of the Department of Industrial Engineering and Operations Research (IEOR), Columbia University), Robert M. Oliver (Professor Emeritus of Operations Research and Engineering Science, University of California, Berkeley), Assaf Zeevi (Gantcher Associate Professor of Business, Graduate School of Business, Columbia University)
- Key Investors
Bain Capital Ventures, Red Reck Ventures, August Capital
- Key Customers
Our customers include 5 of the top 15 North American banks, leading finance companies, and market leaders in Canada, the UK, and EMEA.