Trivandrum: Zafin, a provider of relationship banking software solutions to the financial services industry, has announced that American Banker’s Bank Technology News has named Zafin among its top 10 FinTech Companies to watch in 2014. Selected by editors at Bank Technology News, Zafin is being recognized as a company making waves in financial technology.
Al Karim Somji, CEO of Zafin said, “We are honoured that American Banker has recognized Zafin as a top 10 FinTech companies to watch in 2014. Our flagship product miRevenue is transforming the way that some of the largest banks in the world are approaching their customer-centric strategies and moving towards becoming digital marketplaces. By offering the right products to the right clients and at the right price, our clients are sustaining a considerable strategic advantage over their competitors while enhancing revenue and increasing customer loyalty.”
According to Bank Technology News, “As fees become more repugnant to consumers and commercial clients and banks seek new sources of revenue, Zafin believes its models can help calculate prices that mutually benefit banks and their customers, taking the whole relationship into account. The software gathers information about all the products and services a customer uses. It lumps customers into segments. It provides a ‘what-if-analysis’ that lets the bank identify product, price model-fits, and revenue / profitability impacts for new product offerings or product changes. Once a fee is set, Zafin’s software can look at how any change in combination with other products affects the bank’s bottom line.
Toronto based Zafin is a market leader in relationship banking for Retail, Corporate, Wealth Management and Correspondent Banking, and is transforming the way banks manage products, pricing, loyalty and billing across the entire client relationship. The company has a global client base including many of the world’s largest and most respected tier-1 banks.
Zafin is privately owned and operates out of multiple global locations, including North America, Europe, Asia, the Middle East and Africa. Zafin has an offshore software development centre (Zafin Software Centre of Excellence) in Technopark, Trivandrum.
Kerala IT News