Zafin

Last updated
Zafin
TypePrivate
Industry Banking Software
Founded2002
Headquarters
Toronto, Ontario
,
Canada
ProductsmiRevenue
Services Relationship-based pricing
Website www.zafin.com

Zafin is a banking software enterprise platform company that provides relationship-based pricing to banks and financial institutions. [1] [2] [3] [4]

Contents

The company has offices in Canada, USA, UK, Germany, Dubai, Malaysia, South Africa, and India. The company is founded and led by Karim Somji. [5] In March 2020, Zafin announced the appointment of Venkataraman Balasubramanian to its senior leadership team as executive vice president and chief technology officer. [6]

Products

Zafin's main product, miRevenue, is used by banks to enable relationship-based pricing and enterprise billing functionalities.[ citation needed ]

Clients

The company's clients include banks and financial institutions such as Standard Chartered Bank, Bank of the West, CIMB, ZKB, Nedbank, HDFC Bank, National Bank of Abu Dhabi, [7] and SEB. [8]

Partners

Zafin sells with IT partners including IBM, Silverlake, CGI and Dell Services. [9]

Awards

Zafin won a Technology Award in 2007, courtesy of The Banker magazine, for Best Implementation in the Retail Banking Project category. [10] [11] The award represented the first implementation of miRevenue in a bank and was awarded for the retail banking implementation at HDFC Bank.

Zafin was recognized as one of the "Top 10 FinTech Companies to Watch" by American Banker in 2013. [12]

Zafin was listed on the Deloitte Fast 50 and Deloitte Fast 500 lists in 2014. The company experienced 865% revenue growth over the previous five-year period [13]

Projects

Zafin completed a customized pricing system for ZKB in 2008. The complexity of the integration, which resulted in allowing ZKB to perform relationship-based pricing for large customers in real time, was featured in an academic text, "Management von Integrationsprojekten: Konzeptionelle Grundlagen und Fallstudien aus fachlicher und IT-Sicht", [14] edited by Dr. Robert Winter of the University of St. Gallen. [15]

In October 2017, the company launched new fintech partner ecosystem to assist the banks with a one-stop origination platform. [16]

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References

  1. ↑ Feig, Nancy (2007-08-10). "Price Optimization is Catching On". Banktech.com. Retrieved 2011-10-03.
  2. ↑ Feig, Nancy (2007-05-07). "Compressed Margins, Advanced Technology, Mature Data Stores Lead Banks to Price Optimization". Banktech.com. Retrieved 2011-10-03.
  3. ↑ "Comparing the Vendors of Relationship Pricing Systems". Celent.com. 2006-10-23. Retrieved 2011-10-03.
  4. ↑ "Extending the Life of Your Core Banking Platform". Information Week. 2014-03-06. Retrieved 2015-05-21.
  5. ↑ "Zafin Secures $10M in Growth Financing". FinSMEs. 2016-11-11. Retrieved 2017-11-18.
  6. ↑ "Zafin appoints Venkataraman Balasubramanian CTO". IBS Intelligence. 2020-03-19. Retrieved 2020-04-07.
  7. ↑ "Case Study: NBAD evolves loyalty programme with miRevenue from Zafin" . Retrieved 2015-05-19.
  8. ↑ "Zafin Clients". Zafin.com. 2013-06-11. Retrieved 2015-05-19.
  9. ↑ "Relationship Pricing Solutions for Banks" (PDF). Retrieved 2011-10-03.
  10. ↑ Zafin Labs Wins Prestigious Technology Award for Retail Banking Project From The Banker pressbox.co.uk
  11. ↑ "Retail Banking Project Awards". Thebanker.com. Retrieved 2011-10-03.
  12. ↑ "Top 10 FinTech Companies to Watch". American Banker. 6 November 2013. Retrieved 2015-05-19.
  13. ↑ "First-time winners take top two spots in Deloitte's Technology Fast 50". Deloitte. 2014-11-13. Retrieved 2015-05-19.
  14. ↑ Winter, Robert (19 May 2009). Management von Integrationsprojekten: Konzeptionelle Grundlagen und Fallstudien aus fachlicher und IT-Sicht (Business Engineering) (German ed.). ISBN   978-3540937722.
  15. ↑ "Publications by Dr. Robert Winter". Alexandria.unisg.ch. Retrieved 2011-10-03.
  16. ↑ "Zafin launches new FinTech partner ecosystem to provide one-stop origination platform for banks". BetaKit. Retrieved 2017-11-18.
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