Strategic alliance and minority investment extend
Accenture's analytics-based pricing capabilities
TORONTO, May 23, 2017 /CNW/ - 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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herein, statements in this news release may constitute
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of operations could be adversely affected by volatile, negative or
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Accenture's Global Delivery Network is increasingly concentrated in
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operational risks; as a result of Accenture's geographically
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subject to criticism and negative publicity related to its
incorporation in Ireland; as well
as the risks, uncertainties and other factors discussed under the
"Risk Factors" heading in Accenture plc's most recent annual report
on Form 10-K and other documents filed with or furnished to the
Securities and Exchange Commission. Statements in this news release
speak only as of the date they were made, and Accenture undertakes
no duty to update any forward-looking statements made in this news
release or to conform such statements to actual results or changes
in Accenture's expectations.
SOURCE Accenture