Keldione International

August 19, 2008 – Toronto, Canada-Dr. Robert Phillips of Nomis Solutions geared towards the attendees profitability and volume targets by introducing innovative methodologies pricing for lenders for 2008 and the Forum for Technology Services.



Improve loan portfolio management: Introduction to price optimization

In this presentation, Dr. Robert Phillips will share personal experiences and case studies on how banking executives in financial services can use innovative strategies pricing to gain valuable information, improve performance and gain competitive advantage. It’s no secret this is a period of volatility for lenders. During these hard times that are both a necessity and an opportunity for lenders to examine their current lending strategies and loan portfolios.

The classic response of many banks face an unprecedented situation is to adjust their underwriting policies. However, banks should also be using their loan pricing to attract profitable customers, deter less profitable customers and manage their overall risk portfolio. Unfortunately, the current practice of pricing at banks suffer from a number of deficiencies and can be difficult to effectively manage pricing. To illustrate, the lending portfolios at several different banks in North America and the United Kingdom, only 20% of loans are properly priced. About 40% percent of the fees are too high, and 40% are too low, especially for the effect of price on consumer response is poorly understood (the Nomis Solutions pricing research).

Dr. Phillips founded Nomis Solutions in 2002 to help financial services firms use price analysis, optimization and execution to improve profits and market share through a better understanding of how customer preferences impact product and portfolio performance. Dr. Phillips is responsible for ensuring that Nomis analytical solutions’ remain the best in its class and generate the greatest value to customers. It also has the task of Nomis Solutions advanced research and development efforts.

Dr. Phillips is a professor at Stanford University Business School and has been visiting professor at Columbia University Graduate School of Business. He is the author of the award-winning book, “Pricing and revenue optimization.”

 

The 2008 Financial Services Technology Forum focuses on new cutting-edge enterprise applications and solutions that are sustainable, flexible and increase profitability, presented via interactive exhibits and engaging conference sessions presented to all corporate users, service providers small, medium and large enterprises.

 

 

 

About WowGao Inc.

WowGao Inc. is an events management company that organizes and manages conferences and exhibitions internationally renowned focuses on the latest innovations and developments in Information Technology since 2003. We have been honored with an award for excellence. Our events are present:

- 2008 Financial Services Forum of Technology, October 28 and 29, 2008-2009 Government and Technology Conference and Exhibition of Health, April 28 and 29, 2009 to 2009 Expo and mobile wireless and Conference June 2009

- 2009 RFID Forum in June 2009

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