Zafin is a banking software enterprise platform company that provides relationship-based pricing to banks and financial institutions.
5-597: The company has offices in Canada, USA, UK, Germany, Dubai, Malaysia, South Africa, and India. The company is founded and led by Karim Somji. In March 2020, Zafin announced the appointment of Venkataraman Balasubramanian to its senior leadership team as executive vice president and chief technology officer. Zafin's main product, miRevenue, is used by banks to enable relationship-based pricing and enterprise billing functionalities. The company's clients include banks and financial institutions such as Standard Chartered Bank , Bank of
10-681: Is a pricing and billing framework in the banking industry where pricing is determined based on a customer's overall purchases and circumstances, rather than being delivered on a product-by-product basis. With RBP, banks use customer-based parameters, such as the level of overall business the customer does with a bank or the types of services purchased, to determine pricing. Financial services industry analysts like Celent and TowerGroup endorse relationship-based pricing to improve profitability. RBP billing products include ORMB from Oracle Corporation , miRevenue from Zafin and Product & Pricing Catalog from Amdocs . In 2013, California-based Bank of
15-518: The West , CIMB , ZKB , Nedbank , HDFC Bank , National Bank of Abu Dhabi , and SEB . Zafin sells with IT partners including IBM , Silverlake, CGI and Dell Services . Zafin won a Technology Award in 2007, courtesy of The Banker magazine, for Best Implementation in the Retail Banking Project category. The award represented the first implementation of miRevenue in a bank and was awarded for
20-569: 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. 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 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,
25-460: Was featured in an academic text, "Management von Integrationsprojekten: Konzeptionelle Grundlagen und Fallstudien aus fachlicher und IT-Sicht", edited by Dr. Robert Winter of the University of St. Gallen. In October 2017, the company launched new fintech partner ecosystem to assist the banks with a one-stop origination platform. Relationship-based pricing Relationship-based pricing (RBP)
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