Zafin

Type| 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] In March 2020, Zafin announced the appointment of Venkataraman Balasubramanian to its senior leadership team as executive vice president and chief technology officer.[6]

## Contents

* 1 Products
* 2 Clients
* 3 Partners
* 4 Awards
* 5 Projects
* 6 References
* 7 External links

## 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

1. ↑ Feig, Nancy (2007-08-10). "Price Optimization is Catching On". Banktech.com. http://www.banktech.com/showArticle.jhtml?articleID=201800905.
2. ↑ Feig, Nancy (2007-05-07). "Compressed Margins, Advanced Technology, Mature Data Stores Lead Banks to Price Optimization". Banktech.com. http://www.banktech.com/showArticle.jhtml?articleID=199204030.
3. ↑ "Comparing the Vendors of Relationship Pricing Systems". Celent.com. 2006-10-23. http://www.celent.com/reports/comparing-vendors-relationship-pricing-systems.
4. ↑ "Extending the Life of Your Core Banking Platform". Information Week. 2014-03-06. http://www.banktech.com/core-systems/extending-the-life-of-your-core-banking-platform/a/d-id/1296882.
5. ↑ "Zafin Secures $10M in Growth Financing" (in en-US). FinSMEs. 2016-11-11. http://www.finsmes.com/2016/11/zafin-secures-10m-in-growth-financing.html.
6. ↑ "Zafin appoints Venkataraman Balasubramanian CTO" (in en-US). 2020-03-19. https://ibsintelligence.com/ibs-journal/ibs-news/zafin-appoints-venkataraman-balasubramanian-cto/.
7. ↑ "Case Study: NBAD evolves loyalty programme with miRevenue from Zafin". https://www.ibsintelligence.com/case-studies/ibs-journal/ibs-journal-features/ibs-journal-case-studies/nbad-evolves-loyalty-programme-with-mirevenue-from-zafin-labs.
8. ↑ "Zafin Clients". Zafin.com. 2013-06-11. http://zafin.com/about-us/clients/.
9. ↑ "Relationship Pricing Solutions for Banks". http://www.dell.com/downloads/global/solutions/Relationship-Pricing-Solutions-for-Banks.pdf.
10. ↑ Zafin Labs Wins Prestigious Technology Award for Retail Banking Project From The Banker pressbox.co.uk
11. ↑ "Retail Banking Project Awards". Thebanker.com. http://www.thebanker.com/Awards/Retail-Banking-Project-Awards.
12. ↑ "Top 10 FinTech Companies to Watch". American Banker. 6 November 2013. http://www.americanbanker.com/gallery/top-10-fintech-companies-to-watch-1063306-1.html.
13. ↑ "First-time winners take top two spots in Deloitte's Technology Fast 50". Deloitte. 2014-11-13. http://www2.deloitte.com/ca/en/pages/press-releases/articles/improved-access-to-capital-and-good-valuations-keep-technology-companies-in-canada.html.
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. http://www.alexandria.unisg.ch/publications/citation/Robert_Winter.
16. ↑ "Zafin launches new FinTech partner ecosystem to provide one-stop origination platform for banks" (in en-CA). BetaKit. https://betakit.com/zafin-launches-new-fintech-partner-ecosystem-to-provide-one-stop-origination-platform-for-banks/.

## External links

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