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Core modernization

De-risk your core modernization

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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%

Reduction in products

For a tier-1 Australian bank

View case study

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

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.

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How Zafin helps

Learn about additional ways we can help your bank

Business agility

Enhance product innovation and speed to market.

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Operational efficiency

Increase efficiency in your operations

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Product profitability

Maximize profitability with hyper-personalized value propositions

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Risk and compliance

Reduce operational risk and simplify compliance

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