Zafin

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Zafin
Private
Industry Banking Software
Founded 2002
Headquarters Toronto, Ontario, Canada
Products miRevenue
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]

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]

Products[edit]

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

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[6] and SEB.[7]

Partners[edit]

Zafin sells with IT partners including IBM, Silverlake, CGI and Dell Services.[8]

Awards[edit]

Zafin won a Technology Award in 2007, courtesy of The Banker magazine for Best Implementation in the Retail Banking Project category.[9][10] 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.[11]

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 [12]

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",[13] edited by Dr. Robert Winter of the University of St. Gallen.[14]

In October 2017, the company launched new fintech partner ecosystem to assist the banks with a one-stop origination platform.[15]

References[edit]

  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. ^ "Case Study: NBAD evolves loyalty programme with miRevenue from Zafin". Retrieved 2015-05-19. 
  7. ^ "Zafin Clients". Zafin.com. 2013-06-11. Retrieved 2015-05-19. 
  8. ^ "Relationship Pricing Solutions for Banks" (PDF). Retrieved 2011-10-03. 
  9. ^ Zafin Labs Wins Prestigious Technology Award for Retail Banking Project From The Banker pressbox.co.uk
  10. ^ "Retail Banking Project Awards". Thebanker.com. Retrieved 2011-10-03. 
  11. ^ "Top 10 FinTech Companies to Watch". American Banker. Retrieved 2015-05-19. 
  12. ^ "First-time winners take top two spots in Deloitte's Technology Fast 50". Deloitte. 2014-11-13. Retrieved 2015-05-19. 
  13. ^ "Management von Integrationsprojekten: Konzeptionelle Grundlagen und Fallstudien aus fachlicher und IT-Sicht (Business Engineering) (German Edition)". Amazon.com. Retrieved 2011-10-03. 
  14. ^ "Publications by Dr. Robert Winter". Alexandria.unisg.ch. Retrieved 2011-10-03. 
  15. ^ "Zafin launches new FinTech partner ecosystem to provide one-stop origination platform for banks". BetaKit. Retrieved 2017-11-18. 

External links[edit]