September 16, 2008 - Nomis Solutions, a leader in profit-based pricing for banking and finance, announced its acquisition of Perspecta, LLC, a privately owned London-based software company.
With the acquisition, Nomis Solutions bolsters its ability to serve the mortgage market and improve customer portfolio management. The Customer Portfolio Optimizer solution enables profit and loss owners in banks, mortgage companies and building societies to manage impairment risk, prepayment risk and cross-sell opportunities in their existing customer portfolio.
Our mission at Nomis Solutions is to materially improve the financial and operational performance of financial services companies, said Nomis Solutions chairman and CEO, Dennis Stradford. With Perspectas mortgage industry expertise, the Customer Portfolio Optimizer solution and a base of satisfied customers, we see the potential to quickly expand into the mortgage market and help more mortgage lenders optimize their income and assets. We are excited about this acquisition as well as the timing of it.
In todays mortgage market, the topic of higher expected losses is rising to the top of the boardroom agenda, said Nick Young, director of mortgage solutions at Nomis Solutions and former managing director of Perspecta. Higher expected losses are resulting from the combined impact of lack of management information and inadequate business processes to control impairment risk and prepayment risk. The good news is that these risks can be more profitably and effectively managed through a better understanding of customer behavior and an optimized contact strategy.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access