Zafin

Banking software

Zafin

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

## Products

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

## Clients

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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

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

## Awards

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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

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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

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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. 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.

## External links

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* Official website