Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Data & Analytics

11:47 AM
Connect Directly

Umpqua Bank Implements Novantas PriceTek

The solution will support the bank in each phase of pricing process through an advanced analytics platform.

Novantas recently announced that Umpqua Bank, based in Roseburg, Ore., is implementing its PriceTek pricing support system. The solution will support the bank in each phase of pricing process, including margin planning, pricing strategy development and pricing execution.

PriceTek's platform provides analytics and reporting that help the bank understand market and customer segment price sensitivity and manage pricing strategies based on that information.

"With a customer-focused, flexible approach, the PriceTek solution will help Umpqua Bank develop pricing strategies and products that will grow our customer base and provide operational benefits to the organization and to our customers," said Rick Calero, executive vice president of Umpqua Bank's community banking division, in a release announcing the implementation.

Register for Bank Systems & Technology Newsletters
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.