Accenture Makes Minority Investment in & Forms Strategic Alliance with Nomis Solutions, a Provider of Pricing & Profitability...
May 23 2017 - 9:00AM
Business Wire
Strategic alliance and minority investment
extend Accenture’s analytics-based pricing capabilities
Accenture (NYSE:ACN) has taken a minority position in and formed
a strategic alliance with Nomis Solutions (Nomis), a leading
provider of analytics-driven pricing and profitability-management
solutions to retail banks.
“As interest rates rise in many countries and retail banks shift
to creating more individualized offers for consumers,
analytics-based pricing is becoming an increasingly important tool,
and Nomis has one of the leading analytics platforms in the
market,” said Alan McIntyre, senior managing director and head of
Accenture’s global Banking practice. “The ability to understand
preferences and price sensitivity and predict customer behavior and
relationship value can help banks optimize their pricing at the
individual customer level and deliver more personalized offers
across a customer’s banking relationship – from savings and
deposits to consumer loans and mortgages.”
Under the alliance agreement, Accenture will be the preferred
systems integrator for Nomis’ profitability-management solutions,
providing implementation and systems integration, business
consulting, support and maintenance, and
business-process-integration services. The alliance will extend
Accenture’s capabilities in the analytics pricing arena and provide
Nomis with access to Accenture’s financial services industry
expertise and global scale.
Headquartered in Silicon Valley, California, Nomis has been an
innovator in price optimization since 2004. Nomis is the solution
of choice for seven of the top 25 North American retail banks and
continues to grow with over 30 deployments globally. In Q1 2017
alone, nearly a trillion dollars in retail transactions were
analyzed, priced and managed through Nomis’ SaaS platform, and more
than 10,000 active frontline bankers used it to deliver
personalized pricing to their end customers.
Frank Rohde, CEO of Nomis, said: “Effective pricing – both
setting it and communicating it – is one of the most powerful
levers a bank has to drive value and create a positive customer
experience. But doing it well requires deep analytics, scalable
technology and real-world experience. With less than 10 percent of
retail banks using analytics-based pricing solutions, we are
thrilled to team with Accenture to offer our solution to a broader
array of banks. Together, we are well-positioned to take advantage
of a tremendous market opportunity by combining Nomis’ ability to
provide unique, real-time pricing at the customer level, with
Accenture’s consulting expertise and track record for seamless
systems integration.”
About Accenture
Accenture is a leading global professional services company,
providing a broad range of services and solutions in strategy,
consulting, digital, technology and operations. Combining unmatched
experience and specialized skills across more than 40 industries
and all business functions — underpinned by the world’s largest
delivery network — Accenture works at the intersection of business
and technology to help clients improve their performance and create
sustainable value for their stakeholders. With approximately
401,000 people serving clients in more than 120 countries,
Accenture drives innovation to improve the way the world works and
lives. Visit us at www.accenture.com.
About Nomis Solutions
Nomis is a fast-growing Fintech software company that combines
cutting-edge Silicon Valley approaches to big data, advanced
modeling, and deep analytics into the industry-leading price
optimization SaaS software platform. We help large and medium-sized
retail banks better understand their customers and grow their
businesses. We help these banks deliver win-win products and
pricing in an environment that is increasingly competitive and
highly disruptive. With experience in over 80 implementations,
Nomis optimizes nearly $1 trillion in banking transactions annually
and returns more than $300 million to its customers every year. To
learn more about Nomis, please
visit http://www.nomissolutions.com.
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Accenture plc’s most recent annual report on Form 10-K and other
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version on businesswire.com: http://www.businesswire.com/news/home/20170523005196/en/
AccentureMelissa Volin,
+1-267-216-1815melissa.volin@accenture.comorNomisJackie Risley,
+1-650-588-9800Jacqueline.risley@nomissolutions.com
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