{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5ab6fe42bb6ddf45527e077e/6047d76277acf42e1fb7d190?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Zafin with Meenaz Sunderji | E165","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/5ab6fe42bb6ddf45527e077e/1615320759465-c6e7bad399c8c356aaf96179d05608fb.jpeg?height=200","description":"<p>In this 165th episode of Fintech Impact, Jason Pereira, award–winning financial planner, university lecturer, writer, and host interviews Meenaz Sunderji, the Executive VP at Zafin. Zafin is a banking software platform that helps financial institutions personalize their services for their customers!</p><p><br></p><p>Episode Highlights:</p><ul><li>0:31 – Meenaz Sunderji introduces Zafin and its services.</li><li>1:32 – What led to the creation of Zafin?</li><li>4:31 – Meenaz and Jason dive into what Zafin does for its clients.</li><li>6:11 – How many different Legacy COBOL systems was Zafin dealing with to create a unified view?</li><li>8:33 – Did any financial institutions come up with a long–term strategy before Zafin came into the picture?</li><li>9:50 – Jason and Meenaz explain the difficulties of putting multiple product lines into one framework.</li><li>15:00 – How has Zafin dealt with financial restrictions and regulations around the world?</li><li>18:19 – Meenaz breaks down how a large publicly-traded company re-engineers its incentive program for the longer term.</li><li>20:43 – Jason and Meenaz discuss the opportunities and worries for banks and fintech companies.</li><li>23:30 – Meenaz explains how focusing on the customer can build lifelong relationships.</li><li>24:27&nbsp; – Jason and Meenaz dive into infrastructure and the future of embedded finance.</li><li>27:19 – What would Meenaz change about the banking industry?</li><li>28:00 – Meenaz shares Zafin’s biggest challenge to getting where it is today.</li><li>28:37 – What excites Meenaz about his work today and in the future?</li></ul><p><br></p><p>3 Key Points</p><ol><li>Zafin monitors a variety of financial information to personalize customer pricing and create customized incentive programs.</li><li>Silos of customer incentive programs are breaking because banks realize that they are going to lose money if they continue to group customers like that.</li><li>Jason and Meenaz believe that old institutions will provide the infrastructure for new financial institutions to move into the future of embedded finance.</li></ol><p><br></p><p>Tweetable Quotes:</p><ul><li>“You are a next–best–action engine that sits over top of their banking system in between the client and their offering.” – Jason Pereira</li><li>“With competition, like we have in our space, it drives to become better, otherwise you won’t survive.” – Meenaz Sunderji</li><li>“The traditional banks stand a chance of losing the customer relationship but still handling the plumbing.” – Jason Pereira</li></ul><p><br></p><p>Resources Mentioned:</p><ul><li><a href=\"https://www.facebook.com/jason.pereira\" rel=\"noopener noreferrer\" target=\"_blank\">Facebook</a> – Jason Pereira’s Facebook</li><li><a href=\"https://www.linkedin.com/in/pereirajm?trk=org-employees_mini-profile_title\" rel=\"noopener noreferrer\" target=\"_blank\">LinkedIn</a> – Jason Pereira’s LinkedIn</li><li><a href=\"https://www.fintechimpact.co/\" rel=\"noopener noreferrer\" target=\"_blank\">FintechImpact.co</a> – Website for Fintech Impact</li><li><a href=\"https://jasonpereira.ca\" rel=\"noopener noreferrer\" target=\"_blank\">JasonPereira.ca</a> – Sign up for Jason Pereira’s newsletter</li><li><a href=\"https://www.woodgate.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Woodgate.com</a> – Website for Woodgate Financial</li><li><a href=\"https://zafin.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Zafin.com</a> – Website for Zafin</li></ul><p><br></p>","author_name":"Jason Pereira"}