Wipro Tech, Zafin Labs enter strategic partnership

Mumbai, Apr 6: Wipro Technologies, the global IT services division of Wipro Limited, and Zafin Labs have entered into a strategic partnership to jointly deliver solutions using Zafin's miRevenue suite.

The suite would help financial service providers to accelerate roll-out of strategies for product and pricing innovation, customer retention, acquisition and plugging revenue leakages.

''The 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,'' a release quoting Wipro Technologies banking and insurance senior vice president Soumitra Ghosh.

Currently, the systems environment existing at most of the financial service providers is heterogeneous, thus hindering roll-out of programs essential for the strategic growth plans. The key is to have a non invasive solution for existing applications and a platform for financial institutions to effectively deliver customer-led product pricing and bundling strategies to achieve cost effective revenue growth.

Zafin Labs CEO Al Karim Somji said, ''Wipro, with its significant experience in delivering integrated solutions for the financial services industry, will help global financial services customers effectively leverage the benefits of our miRevenue suite.''

UNI