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Exciting times! Zafin launches innovative offerings - Zafin Integrate & Orchestrate (IO) and Zafin Data Fabric to empower banks in core modernization journey

Zafin™ Launches Zafin IO and Zafin Data Fabric, A New Offering to Accelerate Banking Transformation “Customer expectations are evolving more rapidly now than ever before. With so many banks still operating on legacy core systems, it’s hard for them to keep pace,” said Charbel Safadi, President, Transformation and Modernization at Zafin. “These new offerings will enable banks to undergo business transformation initiatives and leapfrog the competition all while beginning their core modernization journey.” https://lnkd.in/e9XEJy2F Anugopal Venugopalan V. Balasubramanian Shahir Daya Dinesh Krishnan Herber De Ruijter Bhavna Wadhwa Al Karim Somji Tushar Paralikar #FFNews #Fintech #FintechMagazine #FintechFinance #Paytech #PaytechMagazine #Insurtech #InsurtechMagazine #KYC #Lendtech #Regtech

We're proud to introduce Zafin Integrate & Orchestrate (IO) and Zafin Data Fabric. 🔹 Zafin IO: Bridging the integration between traditional and next-gen banking technologies and unlocking business model transformation in parallel. 🔹 Zafin Data Fabric: Delivering a comprehensive, actionable data capability for financial institutions. With many banking institutions navigating the challenges of modernization and transformation, Zafin's new solutions, provide efficient transition pathways and enhanced decision-making capabilities. Embracing the next phase of banking technology. #ZafinInnovation

A topic to think about

The pace of innovation in financial services shows no signs of deceleration. New initiatives like the launch of FedNow last month, however, also underscore the need for financial institutions to adapt their approach in assessing and integrating new tech solutions – as increasing compliance risks appear.   TechCrunch features thoughts from Fenergo’s Chief Revenue Officer Chris Zingo on why banks who want to achieve a competitive edge will need to look to technologies created with a compliance by design approach to do so.   Check out the full piece here! https://lnkd.in/eVb3ywYD   #ThoughtLeadership #FedNow #FinTechTrends #RegTech

Did you miss last week's webinar on Building a Strong Fintech Data Strategy? Check out the link below to learn more about: ✔ How Linker and FinGoal help tackle current challenges community banks are facing ✔Using Data Enrichment to provide a better user experience ✔Creating a seamless digital user experience ✔How community banks can benefit from open banking and data aggregation https://lnkd.in/envEtfkh David Nohe Jorge Garcia Carolina Toro-Gerstein Linker Finance | Techstars '23

The year 2024 will be pivotal with the rise of #genAI in banking. In this year's partner predictions report, Dennis Joosten of EPAM Systems discusses the regulatory landscape and the need for banks to balance innovation with compliance. https://hubs.ly/Q02j64wb0 #fintech #predictions2024

Thanks to Finextra for including US in their review of 2023. Commenting on 10x research that found banks are shedding large numbers of customers to rivals, 10x Founder Antony Jenkins described banks as "museums of technology". The research found that banks across the globe are shedding large numbers of their customer base to rivals. One in eight banking leaders (12%) state they have lost 30-40 per cent of their existing customers due to poor customer experience. Across the board, customer attrition rates are running at 20%. "Many banks might convince themselves that releasing an app or going digital means they have been on a journey of transformation, but the reality is that very few banks are undergoing true change at their core. Banks are museums of technology, with every generation of software and hardware, much of it now off support and towards end of life. Prioritising digital transformation is critical if they want to stay relevant and compete effectively.” https://bit.ly/3Rqvi2E #fintech #bankingtransformation #corebanking #bankingtechnology

"Digital innovation across our financial industry is evolving at the pace of Moore’s law on steroids — reshaping the structure of our markets, transitioning buying power to the consumer, and dislocating segments of the customer value chain once dominated by traditional banks." Click on TechCrunch to read Fenergo's Chief Revenue Officer, Chris Zingo's piece about how FedNow will expose fintech’s gaps - and how to close them. #compliance #regtech #fintech #financialservices #financialinstitutions  #payments #bankingnews