Core modernization
De-risk your core modernization
Modernization is essential, but your approach can be flexible. Choosing progressive modernization minimizes risks, aligns with your business goals, and helps you upgrade at your pace.
The problem
As the banking landscape evolves, core modernization is crucial but comes with a huge price tag and is fraught with risk. The complexity and scale of these initiatives can lead to catastrophic outcomes – from crippling data breaches and billion-dollar losses to prolonged downtime – demanding precise execution and vigilant oversight.
Our solution
Zafin Platform tackles this challenge by modernizing what matters most first – rationalizing your product catalog. It does so in a phased approach that allows banks to reduce complexity and minimizes execution risk while managing cost. In addition, Zafin Integrate & Orchestrate comes with pre-defined connectors for your existing core systems, extending their life and enabling your core modernization without interrupting business transformation.
Rationalize your product catalog
96%

For a tier-1 Australian bank
Rationalize your product catalog
Simplify your core to maintain a shell product, with variations managed externally in Zafin
Consolidate product variants into a single “shell product” to simplify system management
Manage marketable attributes outside the core, enabling quick adaptation to market changes without modifying the core system
Reduce maintenance and support costs by simplifying the core, leading to significant savings.
Modernize core systems progressively
Choose the path to modernization that aligns to your business needs, funding and timeline
Reduce the risk of disruption with gradual transitions rather than a single, high-impact change
Prolong the life of your current core, delaying the need for a full system overhaul
Realize benefits within months by prioritizing and modernizing the most critical areas, leading to quicker returns
Modernize core systems progressively
Reduce integration risk
Reduce integration risk
Ensure consistent and efficient integration across single or multiple cores
Maintain operational integrity with a consistent flow of pricing and product information between systems
Reduce integration complexity and enhance efficiency with pre-built connectors and accelerators
Achieve seamless data integration tailored to your needs, with support for batch file ETL, change data capture, and real-time streaming
Streamline your product lifecycle management by integrating commonly used business applications
Connect with us
Talk to of our our industry experts to see how Zafin can help you improve your business agility
