Zafin
 | |
| Company type | Private |
|---|---|
| Industry | Banking Software |
| Founded | 2002 |
| Headquarters | , |
| Products | miRevenue |
| Services | Relationship-based pricing |
| Website | www |
Zafin is a banking software enterprise platform company that provides relationship-based pricing to banks and financial institutions.[1][2][3][4]
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
[edit]Zafin's main product, miRevenue, is used by banks to enable relationship-based pricing and enterprise billing functionalities.[citation needed]
Clients
[edit]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
[edit]Zafin sells with IT partners including IBM, Silverlake, CGI and Dell Services.[9]
Awards
[edit]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
[edit]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]
References
[edit]- ^ Feig, Nancy (2007-08-10). "Price Optimization is Catching On". Banktech.com. Retrieved 2011-10-03.
- ^ Feig, Nancy (2007-05-07). "Compressed Margins, Advanced Technology, Mature Data Stores Lead Banks to Price Optimization". Banktech.com. Retrieved 2011-10-03.
- ^ "Comparing the Vendors of Relationship Pricing Systems". Celent.com. 2006-10-23. Retrieved 2011-10-03.
- ^ "Extending the Life of Your Core Banking Platform". Information Week. 2014-03-06. Retrieved 2015-05-21.
- ^ "Zafin Secures $10M in Growth Financing". FinSMEs. 2016-11-11. Retrieved 2017-11-18.
- ^ "Zafin appoints Venkataraman Balasubramanian CTO". IBS Intelligence. 2020-03-19. Retrieved 2020-04-07.
- ^ "Case Study: NBAD evolves loyalty programme with miRevenue from Zafin". Retrieved 2015-05-19.
- ^ "Zafin Clients". Zafin.com. 2013-06-11. Retrieved 2015-05-19.
- ^ "Relationship Pricing Solutions for Banks" (PDF). Retrieved 2011-10-03.
- ^ Zafin Labs Wins Prestigious Technology Award for Retail Banking Project From The Banker pressbox.co.uk
- ^ "Retail Banking Project Awards". Thebanker.com. Retrieved 2011-10-03.
- ^ "Top 10 FinTech Companies to Watch". American Banker. 6 November 2013. Retrieved 2015-05-19.
- ^ "First-time winners take top two spots in Deloitte's Technology Fast 50". Deloitte. 2014-11-13. Retrieved 2015-05-19.
- ^ Winter, Robert (19 May 2009). Management von Integrationsprojekten: Konzeptionelle Grundlagen und Fallstudien aus fachlicher und IT-Sicht (Business Engineering) (German ed.). ISBN 978-3540937722.
- ^ "Publications by Dr. Robert Winter". Alexandria.unisg.ch. Archived from the original on 2012-03-24. Retrieved 2011-10-03.
- ^ "Zafin launches new FinTech partner ecosystem to provide one-stop origination platform for banks". BetaKit. Retrieved 2017-11-18.