Contact Innovations Inc. Will Showcase Cheque and Edocument Solutions at the 2008 Financial Services Technology Forum
Aug 11, 2008 – Toronto, Canada – Contact Innovations Inc. will be presenting at the 2008 Financial Services Technology Forum with cheque and eDocument Management Solutions on October 28 & 29 at the Design Exchange in Toronto, Canada.
Contact Innovations Inc. (“CI”), Toronto, Ontario, Canada delivers a broad range of Cheque and eDocument Management Solutions to financial industry, governments, utilities, non-profits and business throughout North America. CI has been helping its clients with affordable, scalable, innovative imaging solutions since 1994. CI’s products include: IA (ImageArchive) Cheque BackOffice and Remote Capture, IA Page, IA Statement, IA WebView, IA Remittance and IA FileOptics. For our US clients, CI offers a Check21 ANSI X9.37 Exchange Interface to the Federal Reserve and other 3rd party exchanges. In Canada, CI continues to work with clearing agents and financial institutions to implement TECP (truncation) in 2009.
CI will be demonstrating IA Cheque and IA Remittance Software utilizing Digital Check and Canon Image/MICR Scanners. To learn more about Contact Innovations Inc. and our qualified resellers, check out our website at www.contactinnovations.com. If you would like to talk to us about our experiences and services, please contact Cliff Copeland at 416-784-5191 x227 or visit us at our booth #204.
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 expositions and engaging conference sessions presented to all corporate users, from service providers to small, medium and large businesses alike.
Robert Phillips, Founder & Chief Science Officer at Nomis Solutions Will Showcase Loan Portfolio Management at the 2008 Financial Services Technology
August 19, 2008 – Toronto, Canada –Dr. Robert Phillips of Nomis Solutions will guide attendees towards achieving profitability and volume targets by introducing innovative pricing methodologies for lenders at the 2008 Financial Services Technology Forum.
Improving Loan Portfolio Management: An Introduction to Pricing Optimization
In this presentation, Dr. Robert Phillips will share personal experiences and banking case studies on how financial service executives can use innovative pricing strategies to gain valuable insights, improve performance, and gain competitive advantage. It is no secret that this is an unsettling period for lenders. During these challenging times there is both a need and an opportunity for lenders to examine their current lending strategies and loan portfolios.
The classic response of many banks in the face of 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 portfolio risk. Unfortunately, current pricing practices at banks suffer from a number of shortcomings and it can be difficult to effectively manage pricing. To illustrate, the lending portfolios at several different banks in North America and the UK, only about 20% of loans are properly priced. About 40% percent of rates are too high, and 40% are too low, largely because the effect of price on consumer response is poorly understood (Nomis Solutions pricing research).