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DXC, Zafin team up to enable users transform product and pricing approach

Author : Shikha Sinha | Published Date : 2019-06-28 

Leading independent end-to-end IT services company, DXC Technology, has reportedly forged an alliance with Zafin, a leading supplier of product and pricing control solutions for financial institutes, for  empowering DXC’s core banking clients to make a strategic response as per the fluctuating demands in the marketplace.

Apparently, a key part of this collaboration would be the launch of a new standardized data connector between Zafin’s cloud-based platform and DXC’s core banking solutions, Celeriti Digital Banking Service and Hogan. This will allow users to transform their product and pricing approach rapidly, with reduced operational risk and lower implementation costs.

It has come to the fore that with certain crucial legislative changes recommended by the Royal Commission to increase transparency and address misconduct within the Australian monetary services industry, regulatory supervision is escalating, with an intensified focus on ensuring fair consequences for clients.

While banks have supposedly been countering the scrutiny and the required investments in process and technology, the emergence of various competitors, like digital banks, has disrupted the dominance of conventional banks with aggressive pricing, compelling client experience and targeted solutions.

Al Karim Somji, Zafin Founder and CEO was quoted saying that management of products and pricing efficiently is a strategic necessity. He added that banks require assurance about the range of products and services which their clients have access to while ensuring that client pricing is fair.

Somji admitted that working with DXC has helped them respond to client demands with interoperability between solutions and enhanced technical agility.

DXC Celeriti Vice President and General Manager Phil Walton stated that their partnership with Zafin intensifies the precision, agility and relevance of their clients’ banking services. He also said that Zafin’s platform complements the core banking solutions of DXC, assisting clients to succeed in this modern financial services era.

 

Source credit: https://www.globenewswire.com/news-release/2019/06/26/1874920/0/en/DXC-Technology-and-Zafin-Partner-to-Help-Banks-Manage-Conduct-Risk-and-Increase-Customer-Lifetime-Value.html?print=1

About Author

Shikha Sinha

Shikha Sinha

Shikha Sinha currently pens down content for fractovia.org, a news platform which provides the latest business highlights and industry trends. Shikha also is a contributor on various other online media websites where she writes informative, research-oriented content spanning the retail, healthcare, F&B, and technology sectors. As her first stint in writing, Shikha was an active contributor on Yahoo Voices where she penned down creative and imaginative pieces. She holds a Bachelor of Technology degree in Electrical and Electronics Engineering. She can be contacted at- [email protected] | https://twitter.com/shikhas999

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