Former Fundtech executive Michael Sgroe joins Zafin as President with global responsibilities

New York, (September 16, 2013) – Zafin is excited to announce that Michael Sgroe has joined the company as President.

Mike arrives at a most appropriate time in Zafin’s journey. With his strong banking and product business background, Mike will be instrumental in helping the company excel through its planned strategic growth. Based in New York City, a major financial center, Mike gives Zafin its first New York address.

Prior to joining Zafin, Mike helped increase Fundtech’s value tenfold while supporting the expansion of the company’s strong global footprint. His impressive career boasts over 30 years of experience in the financial services industry, most recently as President and COO of Fundtech. Mike’s understanding of the financial services market and deep product knowledge will bolster Zafin’s quest to bring Product and Pricing Lifecycle Management to banks across the globe.

“I am thrilled to have Mike join our leadership team. His knowledge, leadership and experience are a welcome addition as our company continues to grow,” said Al Karim Somji, CEO and Chairman of Zafin. “As a management team, we are determined to build the company for long-term growth in order to provide sustainable value to our customers and employees.”

“I’m very excited to be joining Zafin at this important point in the company’s development,” said Mike Sgroe, President of Zafin. “I look forward to working with Karim, our impressive leadership team and the entire global Zafin family as we continue to extend Zafin’s presence and influence around the world.”

About Zafin

Zafin is an award-winning provider of relationship banking software solutions to the financial services industry. As the market leader in relationship banking for Retail, Corporate, Wealth Management and Correspondent Banking, Zafin is transforming the way banks manage products, pricing, loyalty and billing across the entire client relationship.

Our flexible software suite, miRevenue, is a complete Product and Pricing Lifecycle Management (PPLM) platform – a “start-to-finish” view of the way banks bring products to market quickly and easily with a focus on revenue enhancement.

Our global client base includes many of the world’s largest and most respected tier-1 banks, all of whom are referenceable. With a presence in more than 40 countries, miRevenue routinely generates 100% ROI for its customers in under 12 months. Zafin is privately owned and operates out of multiple global locations, including North America, Europe, Middle East and Asia Pacific.

For more information, please visit www.zafin.com.

To request an interview with a spokesperson or for more information, please contact:

Melissa Pelto
Communications Director
1-855-699-2346
melissa.pelto@zafin.com

Darren Negraeff
Marketing Director
1-604-725-0335
darren.negraeff@zafin.com