Product updates

See our latest features and enhancements

Product updates for Zafin Product & Pricing

Check out all of the new features and enhancements for Zafin Product & Pricing

Updates for Product Catalog

Introducing pre-defined and extensible product templates

With the new product templates for deposit and loan products, banks can now quickly set up their product catalogs out-of-the-box (OOTB), saving months of onboarding and configuration effort.

These new product templates offer several key benefits: they enable accelerated setup, allowing banks to quickly establish their product catalogs with ready-made templates, significantly reducing implementation time and effort. Furthermore, these templates ensure seamless integration by centralizing product information, making it easily accessible to downstream systems and multiple Zafin capabilities.

Q1 2024
Update

Improved change review process prior to approval

The new update to the product catalog’s approval flow allows approvers to review changes before approving them. This enhancement simplifies the approval process, provides better control, and ensures thorough change reviews. Banks benefit from reduced errors, increased transparency, and a clear understanding of the changes being approved.

Q1 2024
Update

Updates for Rates & Fees

Ingestion and processing of reference data

Banks can now quickly process data like new customer information, transaction details, and account changes. This enables them to offer customers real-time pricing quotes, significantly enhancing their service offerings. 

Q1 2024
Update

Real-time fee quotes and charging

Enable real-time fee quoting and charging for products and services, including free item counts and fee adjustments/waivers. This ensures accurate pricing and fee processing using real-time data, improving transparency and efficiency in financial transactions.

Q1 2024
Update

Multi-currency support

Banks can now charge fees in multiple currencies, making international banking easier. This update allows for transactions and fee calculations in different currencies, helping the bank serve a broader customer base.

Q1 2024
Update

Updates for Deal Manager

Cancel or modify statement arrangements

Statement arrangement workflows now provide Relationship Managers with greater flexibility and control over their clients’ statement preferences.

  • Cancel existing statements: Easily cancel any existing statement arrangements, offering greater control over account management
  • Modify preferences: Adjust the end date, format, and distribution type of statement preferences to suit current needs
  • Update configuration parameters: Update important parameters such as document type and distribution channel, minimizing the need for reworking statement arrangements
Q1 2024
Update

Cancel or modify billing arrangements

The new billing arrangement workflow is designed to simplify and enhance the management of billing setups across customer and account levels.

  • Cancel existing billing arrangements: Quickly end outdated or incorrect billing setups with a few clicks
  • Modify customer-level billing arrangements: Easily add or remove customers to keep billing accurate
  • Adjust account-level billing arrangements: Streamline accounts by adding or removing them as required
  • Backdated association dates: Apply changes retroactively to update billing statements automatically, reducing the need for reworks
Q1 2024
Update

Multi-currency product support in pricing arrangements

Relationship Managers (RMs) can now create pricing arrangements at account or customer level for their clients when dealing with products in different currencies. This enables them to specify negotiated prices in various currencies within a single arrangement, simplifying the process and minimizing the need for multiple arrangements.

Q1 2024
Update

Cancel pricing arrangement before start date

Relationship Managers (RMs) can now easily cancel any pricing arrangements before their start date. This flexibility allows them to revert accepted arrangements and create new ones with the same start date.

Q1 2024
Update

Updates for Dynamic Cohorts

Configure cohorts and optimize campaigns with offer-related attributes

Banks can now set up cohorts using new offer-related attributes. This means users like Product and Marketing teams can now fine-tune their cohorts with higher precision, making campaigns more targeted and effective.

Q2 2024
Update

Streamlined cohort management: Archive active and delete draft cohorts that are no longer relevant

With this update, users like Product Managers and Marketing Managers can now archive active cohorts and delete draft cohorts, helping them effectively manage their cohorts and ensure that they retain only those relevant to their current needs.

Q2 2024
Update

Updates for Signals

Enhanced customer engagement: Offer expiry notifications

Banks can now send timely alerts to customers before their offers expire. This ensures transparency about offer durations and encourages higher redemption rates.

Q2 2024
Update

Introducing month-on-month fee variance tracking

The month-on-month fee variance feature calculates the fee variance for each customer on a monthly basis. This signal serves to generate alerts whenever the variance exceeds the predefined threshold, ensuring proactive monitoring and management of fee changes.

Q1 2024
Update

New account activation for transactions

The new account activation signal for transactions assesses whether recently opened accounts have been activated by customers through account-related activities. This feature aids Relationship Managers in prompting customers to begin utilizing their newly activated accounts, enhancing engagement and driving usage.

Q1 2024
Update

Product updates for Zafin Integrate & Orchestrate

Check out all of the new features and enhancements for Zafin Integrate & Orchestrate

Updates for Core Connectors & Accelerators

Announcement

Introducing new core connectors and accelerators

Accelerators:

  • Hogan by DXC Technology (Banking Core)
  • Systematics by FIS (Banking Core)

Connectors:

  • SuperCore by 10X (Banking Core)
  • Vault Core by Thought Machine (Banking Core)
  • Microsoft Teams (Collaboration)
  • Zendesk (Application) 

These core connectors and accelerators will simplify the integration between a wide range of legacy and modern banking cores and Zafin Product & Pricing. The benefits include improved reliability through best practices, effective scalability with minimal performance loss at higher transaction volumes, a standardized approach for integrating with the Zafin platform while accommodating custom needs, and expert support at every stage of implementation.