Nomis Solutions, a San Bruno, CA-based provider of analytics-driven pricing and profitability-management solutions to retail banks, received a minority investment from Accenture (NYSE: ACN).
The amount of the deal was not disclosed.
The strategic alliance and minority investment aims to extend Accenture’s analytics-based pricing capabilities. 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.
Led by Frank Rohde, CEO, Nomis is a fintech company that combines big data, advanced modeling, and deep analytics with a SaaS based price optimization platform to enable large and medium-sized retail banks to understand their customers and grow their businesses.
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.