http://www.zafinlabs.com/news_and_events/zafin_in_the_news/ en dnegraeff@zafinlabs.com Copyright 2013 2013-03-12T14:34:34+00:00 http://zafinlabs.com/news_and_events/zafin_in_the_news/becoming_a_customer_centric_bank_in_a_correspondent_banking_world   Understand the current pain points in correspondent banking.  View the recorded webinar on demand. http://zafinlabs.com/news_and_events/zafin_in_the_news/becoming_a_customer_centric_bank_in_a_correspondent_banking_world/ Events, 2013-03-12T14:34:34+00:00 http://zafinlabs.com/news_and_events/zafin_in_the_news/media_contacts For all press and media requests, please contact: Melissa Pelto, Director of Communications Email: melissa.pelto@zafinlabs.com Phone: 1-855-699-2346 http://zafinlabs.com/news_and_events/zafin_in_the_news/media_contacts/ 2013-03-07T21:31:56+00:00 http://zafinlabs.com/news_and_events/zafin_in_the_news/fundtech_and_zafin_labs_announce_strategic_partnership_to_deliver_integrate Global PAYplus-Services Platform and miRevenue linked for end-to-end customer payments experience Fundtech, a market leader in global transaction banking solutions, and Zafin Labs, the leading provider of dynamic relationship banking platforms, jointly announced a strategic partnership to integrate their systems. The alliance allows financial institutions to provide a differentiated pricing, billing, profitability simulation and payments experience to customers. The combined system will support integrated transaction processing and relationship banking, including real-time pricing across multiple currencies, based on associated standard or exception price for the customer hierarchy. Fundtech’s Global PAYplus®-Services Platform is a payments services hub supporting management and execution of a wide range of payment types, including: High Value/ High Care Payments, Mass Payments, SEPA Payments, Immediate Payments and others, within a common rules-driven infrastructure. Zafin Labs’ miRevenue Solution Suite offers financial institutions a multi-currency, multi-geography dynamic relationship pricing engine, profitability simulation, master product catalogue and product lifecycle management, configurable product bundling, revenue capture and management, and, enterprise loyalty capabilities. By providing a single platform for processing high and low value payments integrated with a dynamic pricing and billing capability, banks and financial institutions are able to automate pricing decisions that reflect the total relationship value and contain revenue leakage. More information on how a seamless pricing proposition for payments competitively differentiates an organization can be found in a co-authored white paper. The integrated Fundtech/Zafin Labs solution has already been deployed in global and regional banks. “At a time when banks are seeking new revenue opportunities in their Transaction Banking business, optimizing their pricing policies is especially welcomed. We see this partnership delivering significant end-to-end value to our clients,” said Michael Sgroe, President and Chief Operating Officer of Fundtech. “The offering of an end-to-end integrated payments, pricing and billing solution enables financial institutions to realize optimal revenues and quick ROI for the payments transformation. We are excited about this partnership’s truly unique value proposition,” said Mr. Al Karim Somji, Chairman & CEO, Zafin Labs. About Fundtech Fundtech offers a comprehensive line of transaction banking solutions to banks and corporations of all sizes around the world. As a strategic supplier, our clients benefit from lower operating costs and an enhanced end-user experience through our integrated and feature-rich solutions. Our major product lines are: global and regional payments, corporate cash and liquidity management, financial messaging, electronic invoice presentment, supply chain financing, remote deposit capture, merchant services, credit card gateway and mobile banking products. Fundtech offers its software through a traditional software license or a Software-as-a-Service (SaaS) contract. We operate Fundtech Connect, one of the world’s largest services bureaus that addresses the unique needs of the financial services industry. Thousands of financial institutions and companies worldwide rely on Fundtech’s innovation to improve operational efficiency, increase revenues, and provide greater competitiveness through business-to-business services. Founded in 1993, Fundtech was acquired in 2011 by GTCR, a Chicago-based private equity firm. For more information please visit www.fundtech.com About Zafin Labs Zafin Labs is an award-winning provider of relationship banking software solutions to the financial services industry. As the market leader in relationship banking for Wealth Management, Trade & Finance, Retail, Corporate, Treasury & Correspondent banking, our global client base includes many of the world's largest and most respected tier-1 banks, all of whom are referenceable. With a presence in more than 40 countries, our flagship product, miRevenue, routinely generates 100% ROI in under 12 months by enabling dynamic relationship pricing, configurable billing, loyalty management and revenue capture capabilities. Zafin Labs has offices in North America, Europe, Asia, Africa and the Middle East. To learn more abut our solutions please visit www.zafinlabs.com or call 1-855-MY-ZAFIN (1-855-699-2346). http://zafinlabs.com/news_and_events/zafin_in_the_news/fundtech_and_zafin_labs_announce_strategic_partnership_to_deliver_integrate/ 2012-11-28T19:27:02+00:00 http://zafinlabs.com/news_and_events/zafin_in_the_news/zafin_labs_launches_correspondent_banking_solution_in_a_box Zafin Labs, a provider of relationship banking software solutions, today announced a new productized template for the Correspondent Banking line of business, which enables them to implement a full-service pricing and billing platform in three months following requirements gathering. Zafin Labs has recently implemented this pricing and billing platform for correspondent banking at two leading Tier-1 Banks. The innovative and industry-trending offering allows correspondent banks to granularly manage customer hierarchies and price lists, specify billing and output formats, streamline and reduce manual processing, and automatically generate specialized reports to target profitability metrics for specific product lines. This functionality serves to reduce revenue leakage and increase profitability across correspondent banking services. The Application Template is available on a subscription model ensuring the offering is ‘evergreen’ as the banks will be benefit from the ongoing regular updates to best practices and methodologies. Features of the Correspondent Banking Solution Template:      Predefined business requirements templates and technical interface specifications     Pre-configured and reusable business rules from a library incorporating industry best practices     Ready-to-use test cases, test plans and regression suites     User manuals and training manuals     Recommended project plan, activities at a fixed cost “With over a dozen implementations Zafin Labs has found a way to deliver even more value to our clients. The miRevenue Application Template for Correspondent Banking will allow us to assist more correspondent banks with their pricing and billing needs more quickly. By creating templates for specific lines of business in banking we anticipate even faster ROI on future pricing and billing projects,” said Al Karim Somji, CEO of Zafin Labs. “We believe we are the only company to offer such an innovative and unique solution to our banking clients.” The unique benefits the solution delivers include accelerated deployment with pre-built components to ensure project life cycles in under 6 months, combined with industry expertise and best practices from compliance to standards such as pricing, bundles, exception pricing workflow and revenue leakage tracking. The solution is available as a subscription that delivers a lower footprint, which can easily be covered under operational budgets. With this new correspondent banking solution, banks can realize an accelerated deployment resulting in faster return on investment. About Zafin Labs Zafin Labs is an award-winning provider of relationship banking software solutions to the financial services industry. As the market leader in relationship banking for Wealth Management, Trade & Finance, Retail, Corporate, Treasury & Correspondent banking, our global client base includes many of the world's largest and most respected tier-1 banks, all of whom are referenceable. With a presence in more than 40 countries, our flagship product, miRevenue, routinely generates 100% ROI in under 12 months by enabling dynamic relationship pricing, configurable billing, loyalty management, and revenue capture capabilities. Zafin Labs has offices in North America, Europe, Asia, Africa and the Middle East. To learn more abut our solutions please visit our website or call 1-855-MY-ZAFIN (1-855-699-2346). Learn how Zafin Labs can implement this solution in person by visiting booth 5B18 at Sibos in Osaka, from October 29th to November 1st. http://zafinlabs.com/news_and_events/zafin_in_the_news/zafin_labs_launches_correspondent_banking_solution_in_a_box/ 2012-10-29T14:07:18+00:00 http://zafinlabs.com/news_and_events/zafin_in_the_news/zafin_labs_hires_vice_president_of_strategic_alliances Zafin Labs, a provider of relationship banking software solutions, today announced the addition of industry executive George Winch to the newly created position of Vice President, Strategic Alliances. Winch joins Zafin Labs to manage strategic global relationships with partner software and service companies. Zafin Labs will continue to operate in both direct and indirect sales channels across financial services markets, providing customers with maximum flexibility and leverage. Winch began his career working in the banking sector with Lloyds International Bank and Chase Manhattan Bank. He went on to hold senior positions at Temenos and Cognizant where he created and maintained strategic relationships with their respective clients and partners. Winch brings a wealth of strategic business and partner experience to Zafin Labs and will report directly to Christopher Kenney, Senior Vice President of Sales and Marketing. “We have the products, technology and capabilities to help our clients and partners succeed in customer-focused banking solutions and we continue to strengthen our ability to help them measure, innovate and communicate that value proposition for their brand,” said Kenney. “This is a critically important mission for us and requires an executive with Winch’s experience that will allow us to strengthen our strategic relationships with our partners.” “I’m excited to take on these challenges in my new role as Vice President of Strategic Alliances at Zafin Labs,” stated Winch. “I look forward to working with our partners to harness and promote the full potential of Zafin Labs’ solutions as banks look into innovation and restoration of their core product systems. It is an exciting time to be in this industry and to be part of this tremendous company.” About Zafin Labs Zafin Labs specializes in relationship banking software solutions. Our solutions are built specifically for the financial services industry and deployed globally. Zafin Labs' flagship miRevenue Solution Suite enables dynamic relationship pricing, configurable billing, loyalty management and revenue capture capabilities. As a multi-currency, multi-geography solution, miRevenue is present in more than 40 countries. Our clients include Bank of the West, Standard Chartered Bank, SEB, HDFC Bank, and Zurcher Kantonalbank (ZKB). Zafin Labs has offices in North America, Europe, Asia and the Middle East. For more information, please visithttp://www.zafinlabs.com or call 1-855-MY-ZAFIN (1-855-699-2346). http://zafinlabs.com/news_and_events/zafin_in_the_news/zafin_labs_hires_vice_president_of_strategic_alliances/ 2012-09-10T17:14:15+00:00 http://zafinlabs.com/news_and_events/zafin_in_the_news/zafin_labs_client_cimb_wins_awards_for_unique_core_banking_and_innovation_p Zafin Labs’ client and leading relationship bank, CIMB Bank has won multiple awards in recognition of its innovative core banking initiative. As a provider of relationship banking software solutions, Zafin Labs would like to congratulate CIMB Bank on their continued success as they roll out their unique core banking and product and pricing innovations platform. The new platform is part of a total core banking transformation that CIMB Bank is currently implementing with the goal of creating one unified platform across geographies. CIMB Bank won Core Banking System Initiative of the Year awards from Asian Banking & Finance for their country level implementations for Thailand and Malaysia. As part of CIMB Bank’s 1Platform initiative, Zafin Labs’ miRevenue Solution Suite enables product manufacturing, product bundling, and product pricing resulting in improved customer retention, increased wallet share, faster time to market for new products, and net new revenues. To learn more about CIMB Bank’s innovative banking platform, please register for the upcoming webinar “Product and Pricing Innovations that Enable Relationship Banking.” The webinar will be held on September 13, 2012 at 3:00 p.m. MYT (7:00 a.m. UTC/GMT). Ovum’s senior analyst, Jaroslaw Knapik and Deva Theyventheran, Head of Transformation Office and Business Process Development at CIMB, will join host Zafin Labs to discuss best practices in Relationship Banking. Please visit http://bit.ly/Ru0b5h to register. The webinar will be available on-demand after September 13th. What: Product and Pricing Innovations that Enable Relationship Banking Date: September 13, 2012 Time: 3:00 p.m. MYT (7:00 a.m. UTC/GMT) Zafin Labs specializes in relationship banking software solutions. Our solutions are built specifically for the financial services industry and deployed globally. Zafin Labs' flagship miRevenue Solution Suite enables dynamic relationship pricing, configurable billing, loyalty management and revenue capture capabilities. As a multi-currency, multi-geography solution, miRevenue is now live or in planned roll-out in more than 40 countries. miRevenue has been helping banks price the total value of client relationships and create new products since 2005. Our clients include Standard Chartered Bank, SEB, HDFC Bank, and Zurcher Kantonalbank (ZKB).  Zafin Labs has offices in North America, Europe, Asia and the Middle East. For more information, please visit www.zafinlabs.com or call 1-855-MY-ZAFIN (1-855-699-2346). http://zafinlabs.com/news_and_events/zafin_in_the_news/zafin_labs_client_cimb_wins_awards_for_unique_core_banking_and_innovation_p/ 2012-08-29T20:33:19+00:00 http://zafinlabs.com/news_and_events/zafin_in_the_news/bank_of_the_west_selects_zafin_labs_for_strategic_relationship_banking Zafin Labs, a provider of customer-focused banking software solutions, today announced that Bank of the West, a bank operating in 19 Midwestern and Western states in the United States, has selected Zafin Labs’ software to support the bank’s program to provide relationship banking benefits to its customers. Zafin Labs’ software solution will support Bank of the West’s relationship banking strategy by providing enhanced tools that will allow the bank to more quickly customize products and bundles, thereby improving features and benefits for the bank’s customers.  Zafin Labs’ customer-focused banking solution allows banks to reward customers based upon the full extent of their banking relationship – a significant enhancement relative to typical bank billing systems that calculate benefits on an account-by-account basis.  In addition, Zafin Labs’ solution will allow Bank of the West to streamline and improve processes so that bank staff can concentrate on delivering innovative and valuable products and services to customers. “At Bank of the West, we put our customers first. The Zafin Labs’ solution will strengthen our ability to deliver customized products and services with relationship benefits for our customers,” said Alexandra Roddy, Senior Vice President, Retail Strategy & Delivery, at Bank of the West. “Their tools will help us expand our capabilities while reducing time to market, providing us with the ability to more rapidly and effectively identify and respond to the needs of our customers.” “Being selected by an award-winning bank recognized for its customer service is an honor, and we are confident that our work together will result in a dynamic offering of products and services that customers will choose to meet their financial needs,” said Al Karim Somji, CEO of Zafin Labs. “Our solution enables financial institutions to drive a customer-focused business culture, allowing them to understand customers’ changing financial needs.  Zafin Labs’ global experience in deploying tools to enable our clients to offer dynamic solutions is poised to deliver benefits for Bank of the West’s customers.” About Zafin Labs Zafin Labs specializes in pricing and billing vendor services for banks. Our solutions are built specifically for the financial services industry and deployed globally. Our clients include Standard Chartered Bank, SEB, HDFC Bank, and Zurcher Kantonalbank (ZKB).  Zafin Labs' flagship miRevenue Solution Suite enables dynamic relationship pricing, configurable billing, loyalty management and revenue capture capabilities. As a multi-currency, multi-geography solution, miRevenue is now live or in planned roll-out in more than 40 countries. miRevenue has been helping banks price the total value of client relationships and create new products since 2005.  Zafin Labs has offices in North America, Europe, Asia and the Middle East. For more information, please visit www.zafinlabs.com or call 1-855.MY.ZAFIN (1.855.699.2346). About Bank of the West Founded in 1874, $62.4 billion-asset Bank of the West (www.bankofthewest.com), member FDIC and equal housing lender, offers a full range of personal, commercial, wealth management and international banking services. The bank operates more than 700 retail and commercial banking locations in 19 Western and Midwestern states. Bank of the West is a subsidiary of BNP Paribas, which has a presence in 80 countries with nearly 200,000 employees. Zafin Labs is not an affiliate of Bank of the West. Bank of the West does not control or guarantee the terms and conditions of Zafin Labs’ products and services nor does it not make any representation or warranties concerning such products and services. http://zafinlabs.com/news_and_events/zafin_in_the_news/bank_of_the_west_selects_zafin_labs_for_strategic_relationship_banking/ 2012-07-10T17:49:44+00:00 http://zafinlabs.com/news_and_events/zafin_in_the_news/zafin_labs_sibos_2012 Join us at booth 5B18 on the exhibition floor of INTEX-Osaka for Sibos this year in Osaka, Japan. Senior executives will be on hand to answer your questions on relationship pricing, centralized billing, enterprise loyalty, and to demonstrate the power of a flexible pricing and billing platform. Our consultants and domain experts can show you how to stop revenue leakage and build out business plans aimed for quick wins and timely ROI. Drop by and learn more or schedule a meeting with us directly. Learn more about Sibos - Osaka 2012. http://zafinlabs.com/news_and_events/zafin_in_the_news/zafin_labs_sibos_2012/ 2012-07-05T21:46:14+00:00 http://zafinlabs.com/news_and_events/zafin_in_the_news/upcoming_events Sibos 2012 Join us at booth 5B18 on the exhibition floor of INTEX-Osaka for Sibos this year in Osaka, Japan. Senior executives will be on hand to answer your questions on relationship pricing, centralized billing, enterprise loyalty, and to demonstrate the power of a flexible pricing and billing platform. Our consultants and domain experts can show you how to stop revenue leakage and build out business plans aimed for quick wins and timely ROI. Drop by and learn more or schedule a meeting with us directly. Learn more about Sibos - Osaka 2012. http://zafinlabs.com/news_and_events/zafin_in_the_news/upcoming_events/ 2012-07-05T21:35:04+00:00 http://zafinlabs.com/news_and_events/zafin_in_the_news/zafin_labs_appoints_new_executives Zafin Labs today announced the appointment of several new executives that will strengthen its leadership team as it experiences high growth in the financial services industry. Jim Bailey joins the company as Chief Financial Officer. Mr. Bailey has enjoyed a very successful career to date including experience as CEO and CFO of Telecel International, a subsidiary of Orascom Telecom Holdings. He joins Zafin Labs in the midst of the company’s continued accelerating growth and will bring his 20 years of experience to bear in this important executive capacity. Mr. Bailey will be based out of Zafin Labs UK office in London. Sundar Ramachandran is the new Executive Vice President and Global Head of Delivery for Zafin Labs. Mr. Ramachandran brings over 30 years of experience in the software industry and will oversee the critical function of ensuring Zafin Labs’ continued excellence in Solution Delivery. He has managed the implementation of new banking solutions at Citibank and Standard Chartered (through Scope International). Mr. Ramachandran will be based out of the Zafin Labs India office in Trivandrum. Chris Kenney joins as the new Senior Vice President of Sales and Marketing. To this newly created position Mr. Kenney brings over 15 years of experience in software partnering in the Financial Services industry. As a pioneer in relationship pricing and centralized billing Mr. Kenney has delivered success in an executive capacity at several notable firms including Avolent and Oracle. He will be based out of Zafin Labs new US office in San Francisco. “During the past two years we have made significant progress in our mission to deliver the best pricing and billing solutions for banks and financial institutions across all lines of business. During this period we have gained several new customers and partners and it is due to this period of enormous growth that we expand our executive leadership circle so we may continue our important work in the financial services industry. I’m pleased to welcome these three gentlemen, Mr. Bailey, Mr. Ramachandran, and Mr. Kenney to the Zafin Labs team. I know they will help us continue to lead our industry in delivering amazing successes to our valued clients,” said Al Karim Somji, CEO and Chairman of Zafin Labs. Full biographies of the new appointments can be found here. About Zafin Labs Zafin Labs is considered the world leader in pricing and billing vendor services in banking. Our solutions are designed and built specifically for the financial services industry with a focus on revenue generation, recognition and assurance, and have managed billions of transactions at banks and financial institutions across the globe. Our clients include Barclays, Standard Chartered Bank, SEB, HDFC Bank, Zürcher Kantonalbank (ZKB), IndusInd Bank, The National Bank of Abu Dhabi, and Dubai Islamic Bank to name a few. Zafin Labs’ flagship miRevenue Solutions Suite enables dynamic relationship-based pricing, configurable billing, loyalty management and revenue capture capabilities with complete transparency and compliance. As a trusted multi-currency and multi-geography solution, miRevenue is now live, in production, or in planned roll-out in more than 40 countries across four continents. miRevenue has been plugging revenue gaps, pricing the total value of relationships, and creating new banking products since 2005. In order to better serve our international clients, Zafin Labs has offices in North America, Europe, Asia and the Middle East. http://zafinlabs.com/news_and_events/zafin_in_the_news/zafin_labs_appoints_new_executives/ 2012-06-05T07:16:19+00:00