San Bruno, CA (PRWEB) January 30, 2012

Nomis Solutions, the leading provider of Pricing and Profitability Management solutions for financial services, today announced that it signed 10 new customers in 2011. New customer wins in 2011 include leading banks and finance companies in the US, Canada, UK, Europe, and South Africa. Three major auto finance providers chose to deploy Nomis technology to enhance pricing for their dealers and consumers. Three banks deployed Nomis technology to enhance interest rate pricing on consumer credit while two banks deployed Nomis price optimization technology to optimize deposit interest rates and another two focused on fee optimization.

Frank Rohde, Nomis Solutions’ CEO, commented: “We are very pleased with the market traction and customer satisfaction we have seen over the last 12 months. We are now serving more than 20 of the largest banks and finance companies globally, including all of the top 5 Canadian banks, several of the top 10 US banks, and market leaders in the UK, Europe, and South Africa. In total, our customers used Nomis technology to set prices on over US$ 76billion in retail loans and deposits in 2011, with significant profitability increases as a result of smarter pricing. In addition to deploying price optimization software, banks also scored more than 24 million individuals with the Nomis Score™, the banking industry’s only customer-level price sensitivity score. The continued adoption and expanded use of Nomis technology across retail banks is a testament to the impact that price optimization has on banks’ bottom lines even in an environment of compressed net interest margins.”

Going into 2012, we see the following six trends in bank pricing:

    Deposit interest rates continue to be at historically low levels in the US, Europe, and Canada. However, a number of forward-looking banks are investing in pricing technology to gain deeper insight into customer price sensitivity and demand for deposits. Nomis technology, including the Nomis Score™, can help banks optimize rates in today’s environment to find additional basis points of margin, and – more importantly – set up analytic and optimization infrastructure needed to respond to rising interest rates in 2013-2014.

    Mortgage and lending rates continue to be very competitive. In an environment of very thin margins, banks are investing in price optimization technology to refine segmentation and find consumer segments with lower price sensitivity to drive incremental profits. At the same time, lenders are increasingly tightening sales force discretion on rate or fee discounts. Nomis technology is successfully being deployed to reduce margin leakage at the front line, optimize pricing across the lending process, and optimize balances retained and spread on portfolio business during re-pricing activity.

    Credit Card pricing strategies continue to focus on better understanding of consumer price sensitivity and product preferences at the point of acquisition as focus on account growth continues to increase. Issuers are investing in more targeted pricing when acquiring new customers as the opportunity to revise post-acquisition pricing has become harder following the Card Act. Several banks are now using the Nomis Score™ in conjunction with risk and response analytics in their preapproval campaigns and the resulting pricing strategies have led to significant profitability improvements.

    Auto finance rates continue to be very competitive. Dealer rate sheets are disappearing at a fast pace, replaced by more granular and segmented pricing. At the same time, continued regulatory focus on dealer mark-ups has caused a number of providers to put in place alternative pricing mechanisms. Key drivers to successful pricing in auto finance will continue to be detailed demand analytics on dealer and consumer price sensitivity, competitive rate analytics, and refined segmentation and optimization.

    Continued focus on fee pricing. In 2011, the focus for banks was on checking account fees. With depressed interest margins through at least 2012, banks continue to focus on transaction and account fees to make up lost revenue. Successful banks will need to understand consumer preferences and sensitivity to fees at a customer level before making wholesale changes. With the Nomis Score™, we have introduced the only customer-level price sensitivity score in the industry to help banks understand the impact of fee changes before they are implemented, without the need for testing.

    Customer Value Pricing across products is again on the agenda for leading retail banks. While the banking crisis has slowed adoption of customer relationship pricing approaches, an increasing number of banks are investing in Customer Value Pricing, the ability to optimize prices across products based on the overall value of the customer relationship. Nomis Solutions makes Customer Value Pricing a reality by integrating all retail bank pricing tactics and analytics within the same optimization platform, data layer, reporting framework, and through a consistent definition of customer price sensitivity and profitability. As the only provider of price optimization technology across the bank, including mortgages, loans & lines, deposits, credit cards, payments, and indirect finance, Nomis is uniquely positioned to enable banks to make the right pricing tradeoffs across products.

About Nomis Solutions

Nomis Solutions 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 ManagementTM Suite enables banking executives to make more intelligent, data-driven decisions to align their pricing practices with customer needs and business goals. Through predictive insights about customer price-sensitivity and demand, the Pricing and Profitability Management Suite provides banking professionals the ability to unlock the profit and volume potential of their lending and deposits portfolios while satisfying risk, funding and regulatory constraints.

Nomis Solutions’ North American headquarters is in San Bruno, CA with its EMEA headquarters in London. Visit http://www.nomissolutions.com or contact us at info(at)nomissolutions(dot)com or +1-650-588-9800 or +44 ()207 812 7251.

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, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Answer by 3 Guesses
Initial Amount $ 325Monthly Deposit $ Annual Interest (compounded) “monthly”Annual interest 3.25Number of Years 1it would be $ 10.88 not $ 10.72At 3.25% annually that calculates into .00270833333. per month. 1st month $ .88 interest so now the balance becomes $ 325.88 then the next month you will get interest paid on the $ 325.88. Each month the balance will grow and each month the amount of interest earned will increase.

What do you think? Answer below!

Question by phoebe.jiao: why consumers might borrow from a finance company rather than a bank?
Give one reason why consumers might borrow from a finance company rather than a bank?

Best answer:

Answer by K.D. M
Although the interest rates and fees are higher at finance companies, it is easier to get a loan there because the qualifications required are less stringent. Those who can’t get a loan at a bank will turn to a finance company.

Add your own answer in the comments!

Question by nebula7693: How can you tell people you know what the formula is for Fico…?
when that information is proprietary and a very tightly guarded secret. I have seen many people say things like this:* 35%, punctuality of payment in the past* 30%, the amount of debt, expressed as the ratio of current revolving debt (credit card balances, etc.) to numbing available revolving credit (credit limits)* 15%, length of credit history* 10%, types of credit used (installment, revolve, consumer finance)* 10%, recent search for credit and/or amount of credit obtained recently but I want proof that you know what you are talking about. Where tin I go to find the formula that you are reporting to populate? I know that Fair Isaac didn’t give it to you, because they wear’t tell anybody. So where did you get it from?

Best answer:

Answer by dragonfire
it’s because it’s based on studies of thousand of credit profiles, sooner or later you’ld see the pattern emerge and can pretty much sucessfully extrapolates what affect you FICO score, that rule of thumb stated is pretty accurate

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Sacramento, CA (PRWEB) January 16, 2012

Consumers should question their confidence in their financial future. There is a fine line between financial distress and a future that is financially stable. Unfortunately, some people are unaware that they are on the verge of financial ruin until it is too late. Becoming financially secure can only be accomplished by consciously recognizing that there is a financial issue. According to the Chief Adviser for Financial Resolution Center,” The sooner people realize they’re having issues with debt, the better the chance they have at resolving it and becoming financially secure for the future.”

Financial Resolution Center suggests that individuals make a honest assessment of the state of their financial affairs. Below is a list of warning signs. If at least three of these signs are true, individuals may be moving toward financial ruin.

Balancing Bills and Paying Late Fees

The inability to pay bills on time and constant occurrence of late fees are signs of financial disturbing. Incurring late fees as a result of a deficiency of money and live pay check to subsidize check can cause people to go further into debt. Also, only making minimum payments to keep accounts open will never pay off a balance on time or in fully. Barely managing revolving debt will only lead to an increase in the balances.

Relying on Future Income

Relying on a future source of income, like a tax refund, is a quick way to create a negative financial situation. Hoping to run into money is an unrealistic way to handle personal finances. This approach will cause future financial problems.

Dependent on Credit

A consistent dependency on credit cards as a means of extra income is a financial mistake. Credit cards should be relied upon for vauntingly purchases and paid off monthly. Using credit cards to pay for everyday purchases or shifting balances to unexampled cards is a bad financial decision. Should there be any unexpected changes in pricing or occupy rates, people who am on credit will find themselves in financial turmoil.

Arguments Over Finances

Regular arguments with a spouse or partner over money are also indications of a poor financial condition. Fights amongst couples over finances are not unusual. However, fighting over finances means that unnecessary spending is being made with money needed to maintain the household.

A Lack of Personal Savings

Budgets should let small amounts of money to be set aside for savings. If there is no room in the budget for salvaging, the financial situation is not viable. Setting aside money for savings may be tough, but not saving can be detrimental to whatever financial situation. The Chief Adviser for Financial Resolution Center informs that to be in good financial shape, there should be some form of savings for emergencies. A dependency on credit cards is not a look financial decision.

Spending Money to Pay Overdraft Fees

There are several reasons why a person pays overdraft fees. If these fees are a result of frequently overdrawing an account, then the financial health may be poor. Having these fees occur often will only exacerbate a bad situation because it limits the amount of income available to cover debts.

Depleting Retirement Savings

Using retirement savings to pay for expenses is something frequently done by people in a bad financial position. Financial Resolution Center cautions against taking out more than one 401K loan. Borrowing more than once against a 401k loan can be detrimental to a sustainable financial future. It also threatens any growth potential of a retirement account.

Let 2012 be the year to regain financial control. Use Financial Awareness Month as a motivator factor to take the righting steps to a good financial outlook. For more information on eliminating debt issues, Contact Financial Resolution Center at toll free (888) 272-0227 or online at http://www.financialresolutioncenter.com.

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, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Answer by Eric Y
1. c but it shows ur ablility to make payments and not default,,, it do the banks experiencing safer about loaning u money… 2.d3.a there are three major credit companies experian, trans union and one other4. theyll look at all of them 5.a6 depends on what ur comfortable with 7.d8.c9.b10.a11.b you and the financior 12.a13.b and c cant negotiate apr its based on ur credit14.c.15.d16.c17.d but there are certain restrictions 18.a19.b. % apr

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Paramount Merchant Funding, LLC

(PRWEB) January 12, 2012

It has been a difficult few years for many business owners. Between economic recession and fastening banking underwriting processes, America’s restaurants have had trouble over the past few years expanding or levelling staying afloat as consumers were dining out less and eating in more. Many restaurant owners unable to pay suppliers have had to shut their doors.

However, in 2011 The National Restaurant Association has reported a change in the industry which perhaps suggests that the American economy is reverting to normal functioning capacity. In 2011 the American restaurant industry reached a record high of $ 604 billion in sales, a 3.5% increase since 2009. Even on holidays such as Thanksgiving that tinned be described traditionally as “stay home get-togethers,” over 14 million Americans dinned away.

“We have definitely seen an increase in success stories for Restaurants,” says Jared Feldman, CEO of Paramount Merchant Funding which specializes in restaurant finance. “More restaurants are seeking business funding for expansion, hiring employees, and purchasing new equipment. In 2009 the picture was very different as many business owners who were seeking restaurant funding were looking for a miracle to get them through their slow months.”

The restaurant industry is the second largest private sector employer with over 13 million employees, which adds up to about 1 out of every 10 working Americans. When taking into account the full breadth of the impact of the restaurant industry, the number of employees jumps to 20 million.

Out of every five Americans in 2011, two wished that they were able to eat out at restaurants more. Restaurants seeking to expand their businesses have been taking more advantage of advertising campaigns especially over social media outlets such as Facebook and Twitter. “We have seen some very creative companies out there which is very promising,” Mr. Feldman continued. “One of the more interesting concepts we have seen are high end mobile food trucks. As providers of business funding, we like to see owners with vision and initiative who come up with new concepts and new marketing techniques to further expand their business.”

Paramount Merchant funding specializes in restaurant financing and has provided thousands of restaurant owners across America with business funding through their merchant cash advance program. This form of restaurant finance allows for restaurant owners to obtain working capital despite poor credit, and a business model that has typically high failure rates. The business funding is typically more expensive than traditional bank loans simply because of the risk involved when advancing unsecured money.

Despite the fact that banks are no less lenient in their underwriting standards, restaurants are still able to expand and improve their businesses through alternative restaurant finance with private funding firms like Paramount Merchant Funding.

Contact Information
242 W. 36th Street, 14th Floor
New York, NY – 10018
Toll Free: 877-885-1505
Fax: 888-722-3313

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©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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Tomich Brother’s San Pedro’s Pride Brand Logo

Los Angeles, CA (PRWEB) January 11, 2012

CounterPoint Capital Partners is pleased to announce that the firm has been named a finalist for M&An Advisor’s 6th Annual Turnaround Awards, being held January 31 at the Colony Hotel in Palm Beach, Florida.

The firm’s acquisition and restructuring of Tomich Brothers Fish Company and Standard Seafood was nominated for Turnaround Deal of the Year in two lower middle market sector categories: Retail Manufacturing/ Distribution and Consumer and Retail Products. CounterPoint acquired Tomich Brothers and Standard Seafood in simultaneous transactions on August 15, 2011.

“We are thrilled at this nomination – it represents a validation of CounterPoint’s hands-on, front-line approach to turnaround investing,” said Chris Iorillo, Managing Partner, CounterPoint. “Our operating expertise and financial management, coupled with the hard work and dedication of the Tomich Brothers’ employees and management team, unsecured the true value of this 75-year old company in a very short time. With this portfolio company on an excellent trajectory, we are looking forward to the next opportunity.”

“Although the bankruptcies of MF Global, American Airlines and Borders highlight today’s difficult environment, there were thousands of successful turnarounds in 2011 thanks to the energy and ingenuity of the world’s leading restructuring and distressed investing professionals,” says Roger Aguinaldo, CEO and Founder of The M&An Advisor. “The deal teams represented in our Award Finalists have demonstrated creativity and perseverance in today’s challenging climate.”

Since 1998, The M&An Advisor has been presenting, recognizing the achievement of and facilitating connections between the world’s leading mergers and acquisitions, financing and turnaround professionals with a comprehensive range of services.

CounterPoint was represented by Rob Carlson of Paul Hastings LLP (corporate, M&A, and tax) and Matthew Wrysinski of McGuireWoods (banking). Acquisition and working capital financing was provided by PNC Business Credit.

About CounterPoint Capital Partners
CounterPoint Capital Partners (http://www.counterpointcp.com) is a Los Angeles-established investment tautening focused on acquiring lower-set market companies headquartered throughout the United States and Canada with $ 10 million to $ cc million in annual revenues. CounterPoint looks for complex situations caused by operable, succession, or financial challenges within a company or industry and, by developing a close partnership with management teams and former stakeholders, implements structural and operational improvements to put portfolio companies on a successful trajectory.

About Tomich Brothers
Tomich Brothers is a third generation family owned seafood company located in the Port of Los Angeles. For over 75 years they have been supplying the world with seafood indigenous to California waters. With offloading and processing facilities in Los Angeles and the Monterey Peninsula, Tomich has the capability and the experience to handle perishable fishery products to the highest standards.

About Standard Seafood
Established in 1967, Standard Seafood has been a privately owned seafood wholesaler for over 40 years. Based in San Pedro, CA, Standard purchases new and frozen seafood domestically and abroad for processing and distribution to a broad base of restaurants, fish markets, and stores located regionally throughout Southern California.

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, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Answer by CIvvy Civ ツ
1. c. Because a good credit history can generally help you negotiate for a lower finance rate2. d. All of the above3. a. Contact a credit-reporting agency4. b. Where you live and your living arrangements5. a. Taxable income6. c. 15% to 20%7. D.. ALL of the above8. I have NO idea9. b. You need to turn in your vehicle to the dealership after a certain length of time10. a. True11. true12. True13. d. All of the above14. c. Making a larger down payment15. d. All of the above16. c. Makes your scheduled car payment in the event of sickness or disability17. unsure, but I think its b. Protects owners against unexpected major covered auto repair expenses

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Step 2 Financing Your Credit
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