The Banker, premier magazine of Financial Times London, and an acknowledged journal of record for world's investment, retail and commercial banking sector selected Zafin Labs' miRevenue implementation at HDFC Bank, as Winner of the prestigious Technology Award 2007 in the Retail Banking Project category.
miRevenue(TM) is Zafin Labs flagship product suite, architectured and developed specifically for the banking and financial services industry. miRevenue(TM) addresses the growing needs of the global banking industry, to rapidly innovate, prototype and launch new products and services.
A centralized Product Catalogue and Dynamic Pricing platform helps banks to implement customer centric product strategies, improve customer retention ; product consolidation and profitability. miRevenue(TM) thus becomes true growth and earnings enabler for the financial institution.
Commenting on the award, Al Karim Somji, Chairman and CEO of Zafin Labs said, "HDFC Bank is a forward looking institution that is committed to innovations in Customer Centricity. We feel privileged to be associated with HDFC Bank and this award belongs to them as much as us."
Mr. Somji added, "we expect the core banking transformation and renewal to gain momentum in the coming years, with banks following the model of moving to a platform for product and pricing innovations to support customer-centric strategies."