Nomis Solutions, Inc

Nomis Solutions, Inc. provides advanced data-driven pricing and profitability management tools aimed at enhancing customer engagement and optimizing pricing strategies for retail banking institutions. Nomis Solutions, Inc. specializes in pricing and profitability management for financial institutions, offering innovative solutions tailored for retail banking.

Founded in 2004, the company is headquartered in Brisbane, US. The founder, Robert Phillips, has a history of entrepreneurship, and the firm has received total funding of USD 10. 00 mn through rounds including the latest VENTURE DEBT round of USD 5. 00 mn led by Square 1 Bank on May 12, 2020.

Notably, in May 2020, Symphony Technology Group acquired a majority stake in Nomis Solutions from Accenture, marking a significant shift in ownership structure. Nomis Solutions offers a comprehensive suite of data-driven pricing and profitability management tools that enhance customer engagement and optimize pricing strategies for retail banking institutions. Their core products include the Nomis Price Optimizer, Nomis Price Manager, and Nomis Deal Manager, which analyze customer behavior and market trends to inform dynamic pricing decisions. These tools support deposit portfolio analytics, loan optimization, and frontline price guidance, primarily serving banks and credit unions in the US and Canada, with expansion into markets like India.

Nomis Solutions generates revenue through a structured model involving partnerships with financial institutions, providing subscription-based access to its pricing solutions. Their B2B transactions enable banks and lenders to use Nomis' proprietary tools to refine their pricing strategies in real-time. Key products such as the Nomis Price Optimizer and Nomis Price Manager play a central role in revenue generation, facilitated through annual subscriptions, licensing agreements, and consulting services that ensure ongoing access to advanced analytics and support. Nomis Solutions plans to expand its product offerings to include new tools designed for enhanced analytics and pricing capabilities, with anticipated release dates in the upcoming fiscal year.

The company aims to penetrate additional markets, particularly in Southeast Asia and Europe by 2022, leveraging the recent funding from the VENTURE DEBT round to support these initiatives. The strategic acquisition by Symphony Technology Group provides a foundation for growth and development as the company seeks to scale its operations globally.