Press Release (ePRNews.com) - LONDON - Apr 15, 2016 - Leading offer and price optimisation company Nomis Solutions (https://www.nomissolutions.com/) has been named the winner in the ‘Innovation in Data Solutions’ category at the FinTech Innovations Awards 2016 (http://www.fintechinnovationawards.com/). The judges were impressed by the depth of customer understanding that Nomis brings to retail banks and the impact it has on bottom line profitability.
The FinTech Innovation Awards brings together over 700 FinTech specialists to celebrate the greatest achievements from within the global financial and payments technology industries in the UK. This year’s award ceremony was attended by brands including Google, Barclays, HSBC, Goldman Sachs, Bloomberg and many others from across the FinTech space.
Nomis faced tough competition in its category from Vizor Software, Datactics and PwC, among others. However, the sixteen judges, comprised of leading authorities from across the FinTech sector, selected Nomis as the standout entry, recognising the company for its original use of data science in finance. Specifically, Nomis’ practical application in protecting and expanding banks’ market share in a highly competitive arena was integral to the award win.
Nomis’ products allow banks to collate customer information onto single big data platforms, which calculate an optimum price for any given product, specific to each customer. This approach enhances loyalty through enhanced customer satisfaction, while increasing profitability.
“We are delighted to be recognised for ‘Innovation in Data Solutions’ at the FinTech Innovation Awards 2016,” said Damian Young, Managing Director, EMEA at Nomis Solutions. “In a shifting UK market, our range of price optimisation products are helping banks to better understand their customers’ behaviours and sensitivities through advanced analytics and analysis. This brings banks significant competitive and market advantage that will help them grow smartly and responsibly in any economic environment.”
About Nomis Solutions:
Nomis is a fast-growing FinTech software company that combines cutting-edge Silicon Valley approaches to big data, advanced modelling, 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 as interest rate increases begin. With experience in over 80 implementations, Nomis optimizes over $1 trillion in banking transactions annually and returns more than $300,000,000 to its customers every year. Source :