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BMO Bank of Montreal Adopts Nomis Solutions' Price Optimizer

November 10, 2008

SAN BRUNO, Calif. -- Nomis Solutions, a product provider for financial services companies, announced that BMO Bank of Montreal has selected the Nomis Price Optimizer for use across multiple lines of business.

BMO will deploy Nomis Solutions’ award-winning pricing optimization solution for originations and retention across multiple product areas with an initial focus on personal and indirect lending. Scheduled to deploy its first set of optimized rates early in 2009, BMO is anticipating greater agility in the rapidly changing market.

By deploying the Nomis Price Optimizer across multiple product areas, BMO will be leveraging a best-in-class pricing and profitability management approach that is based on a quantifiable understanding of the impact of pricing on customer response, product performance, and risk. BMO will then have a more consistent, repeatable and efficient pricing process that allows them to make changes more dynamically and with a higher level of confidence.

"With our work in the Canadian market over the past two years, we've learned a lot about customer response to offers and pricing and have demonstrated our ability to materially impact financial performance for our customers," said Nomis Solutions’ chairman and CEO, Dennis Stradford. "We look forward helping BMO adopt a more advanced and dynamic approach to pricing strategically across its retail banking businesses."

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