Zafin

Zafin
Private
Industry Banking software
Founded 2002
Headquarters Vancouver, Canada
Products miRevenue
Services Relationship-based pricing, Product Lifecycle Management
Website www.zafin.com

Zafin is a banking software product company. The company is one of a small number of banking software vendors that provide relationship-based pricing and Product Lifecycle Management to banks and financial institutions.[1][2][3][4]

The company has offices in Canada, USA, UK, Germany, Dubai, Malaysia, South Africa, and India.

Products

Zafin's main product, miRevenue, is used by banks to enable Product and Pricing Lifecycle Management (PPLM - a derivative of Product Lifecycle Management), relationship-based pricing and enterprise billing functionalities.

miCashOptimizer is used by banks with extensive ATM networks to reduce costs associated with physical cash management. Al-Rajhi Bank is a notable client with its network of 2750 ATMs.[5]

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[6] and SEB.[7]

Partners

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

Awards

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

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]

References

  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. ↑ "A Bank with more than 500 branches all over the Kingdom, find out about our ATMs, Branches and international presence". Alrajhibank.com.sa. Retrieved 2011-10-03.
  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.
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