Wipro and Zafin Labs partnership targets financial service providers

Source: Wipro Technologies

Wipro Technologies, the Global IT Services Division of Wipro Limited (NYSE: WIT) and Zafin Labs, today announced the signing of a strategic partnership to jointly deliver solutions using Zafin's miRevenue suite to help financial service providers accelerate the roll out of strategies for product and pricing innovation, customer retention, acquisition and plugging revenue leakages.

The systems environment existing at most of the Financial Service Providers today is distributed and heterogeneous, thus hindering roll out of programs essential for the strategic growth plans. The key is to have a non invasive solution that can work with existing applications and offer a platform for the financial institution to effectively deliver customer-led product pricing and bundling strategies aimed at intelligently informed and individually crafted approach for achieving cost effective revenue growth.

Mr. Al Karim Somji, CEO, Zafin Labs, 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."

The competitive advantages of being able to provide the right products and services, at the right price, in the right channel, at the right time, to the right customers' by overcoming technology challenges to become a leader is clearly substantial in today's competitive market.

According to Mr. Soumitro Ghosh, Senior Vice President, Banking and Insurance, Wipro Technologies, "miRevenue is a highly innovative solution that allows financial institutions to differentiate themselves from product, pricing and service perspective resulting in revenue & customer growth while tremendously improving time to market and mitigating revenue leakages. miRevenue is an important addition to our solution set for global financial services customers."

miRevenue offers customers the appropriate balance of time-to-market and return-on-investment, delivering transformational business benefits.

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