Zafin

Zafin
Company type	Private
Industry	Banking Software
Founded	2002; 22 years ago
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] 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]

References

^ 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.). Springer. 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.

External links

Official website

[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.). Springer. ISBN 978-3540937722.

[15] "Publications by Dr. Robert Winter". Alexandria.unisg.ch. Archived from the original on 2012-03-24. 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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