Fintech, Finance, Technology, Banking Highlights – 11 May 2018
Zafin partners with Celero
Zafin announces its partnership with Celero, the leading provider of IT solutions to credit unions across Canada.
Zafin’s software platform provides greater agility and ability for banks to dynamically manage rates, as well as create, price and bundle their products for an improved customer experience. The partnership allows Celero to automate the customization of product pricing and bundling for credit unions to deepen client relationships and drive deposit and lending growth.
“Strategic pricing is a competitive necessity in countless industries because it can increase customer retention, yet countless financial institutions have vocalized that it’s still a challenge they face,” said Meenaz Sunderji, VP of Strategic Partnerships at Zafin. “Solutions that create a simpler way to quickly develop new pricing and product bundles is something the Canadian credit union system can’t afford to ignore. Our strategic partners can accomplish in a few clicks what would otherwise take months and a large chunk of IT spending.”
“To manage client’s value effectively, credit unions are looking to strike that optimal balance between what’s beneficial for their members and for the credit union,” said Simon Vincent, executive vice president of Omnichannel and Banking Solutions for Celero. “Zafin’s approach provides the agility, flexibility and innovation credit unions need to enhance processes and manage risk for customers. Now, we can provide scalable services to meet the needs of financial institutions of all sizes.“
JHC partners with VMS to provide new market data source for JHC Neon and JHC Figaro
Wealth management fintech firm, JHC Systems (JHC) has announced that it has partnered with US fintech firm Vertical Management Systems (VMS) to provide customers with high quality and efficient market data.
As more wealth managers diversify portfolios, it’s becoming more important that they can access the global data they require to make sophisticated investment decisions.
VMS will provide a full range of financial information through Figaro and Neon allowing clients to fully integrate their market data needs. The partnership is a significant step for the US based market data provider which is looking to increase its European and MENA client base. In turn JHC will increase its access to the US and deliver significant advantages for clients with global interests, as well as an alternative to existing providers.
Bob Ward, Chief Revenue Officer at VMS says: “JHC’s global and well-established position in the market has made them a clear partner of choice for us. We already have a strong presence in the US, particularly in the retirement (pensions) and asset management sector, and now this partnership will allow us to extend our global wealth management customer base. We believe that this new capability will offer real advantages to clients, integrating our market data through JHC’s technology will help firms to streamline their operations and give a much greater level of oversight.”
HDB Financial Services signs up with Nucleus Software
Nucleus Software, a lending and transaction banking solutions provider, announced that HDB Financial Services Limited (HDBFS), Non-Banking Financial company (NBFC) in India, has selected their lending analytics solution to help them leverage the insights provided by their data and make faster and more informed lending decisions.
Incorporated in 2008, HDB Financial Services (HDBFS) caters to both Retail & Commercial customers in India. With over 1000 branches spread across 22 States & 3 Union Territories, HDBFS offers a wide range of secured and unsecured loans to their customers. They were looking for a predictive analytics solution which would help them make data driven decisions seamlessly throughout the lending value chain. The company needed a dynamic solution in order to process loan applications in real-time, while also easily integrating into their technology landscape which includes a range of disparate systems from different vendors.
HDBFS chose Nucleus Lending Analytics due to its unique combination of product capabilities and system flexibility. With cutting edge statistical and data analysis capabilities, Nucleus Lending Analytics is a powerful and user-friendly solution that enables informed decision making through data visualization and business insight generation. The solution uses sophisticated predictive scoring models to allow financial institutions to create scorecards that span the entire loan management life cycle—from lead generation to collection. Nucleus Lending Analytics will help HDBFS to target the right customers with the right loan products at the right time, increasing acquisition rates, lowering costs and improving customer satisfaction.
