Wipro, Zafin join hands to help fianancial service providers
Bangalore, Apr 5: Wipro Technologies, the global IT services division of Wipro Limited, and Zafin Labs today announced the signing of a strategic partnership to jointly deliver solutions using Zafin's miRevenue suite to help fianancial service providers accelerate the rollout of strategies for product and pricing innovation, customer retention, acquisition and plugging revenue leakage.
In a release here, Wipro Technologies Senior Vice President (Banking and Insurance) Soumitro Ghosh said ''miRevenue is a highly innovative solution that allows financial institutions to differentiate themselves from product, pricing and service perspective, resulting in revenue and customer growth, while tremendously improving time to market and mitigating revenue leakages.'' miRevenue offered customers the appropriate balance of time-to-market and return-on investment, delivering transformational business benefits.
''Wipro with its significant experience in delviering integrated solutions for the financial services industry will help global financial services customers effectively leverage the benefits of our miRevenue suite,'' the release said, quoting Zafin Labs CEO Al Karim Somji.
The systems environment existing at most of the financial service providers today was distributed and heterogenous, thus hindering rollout of programs essential for the strategic growth plans. The key was to have a non invsaive solution that could work with the existing applications and offer a platform for the financial instituion to effectively deliver customer-led product pricing and bundling strategies aimed at intelligently informed and individually crafted approach for achieving cost effective revenue growth, the release added.