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Zafin & Microsoft to advance bank modernisation with Azure AI

By Gloria Mathias

October 17, 2024

  • AI
  • AI Azure
  • Artificial Intelligence
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Zafin, Banking Modernisation, FinTech News, FinTech Solutions, FinTechs News America, Banking Modernization Technology, Microsoft, AI, Artificial Intelligence, AI Azure, Zafin, a global provider of SaaS core modernisation and transformation solutions for banks, has announced the extension of its collaboration with Microsoft.

This advances Zafin’s technological capabilities, continuing to position the company as a player in core banking modernisation and innovation, running on Microsoft Azure. The agreement capitalises on Azure economies of scale to enhance benefits to banks and integrates Azure AI capabilities, powering innovation and transformation in one of the world’s largest industries.

Charbel Safadi, CEO of Zafin, stated, “Zafin has collaborated with Microsoft to transform the banking landscape, enabling banks to simplify and accelerate modernisation by innovating on products and propositions. We are expanding our successful relationship to help banks harness the power of our cloud-native SaaS to deliver personalised, real-time financial solutions to their customers.”

Global banks rely on Zafin’s advanced SaaS platform and Microsoft Azure AI tools to drive core modernisation initiatives and stay ahead of the competition. With a future-forward platform, Zafin empowers banks to transcend traditional product proposition models, anticipate customer needs, and adapt to regulatory changes – positioning them as leaders in proposition and pricing innovation and future-ready.

“Microsoft values our ongoing collaboration with Zafin as we help the financial services industry unlock and accelerate new opportunities in the era of AI,” said Bill Borden, Corporate Vice President of Worldwide Financial Services at Microsoft. “By continuing to advance our combined technological and industry capabilities, we look forward to empowering banks with scalable solutions to adapt to market shifts and customer needs quickly.”

By enhancing operational efficiency, boosting revenue, and improving customer experiences, Zafin empowers financial institutions to achieve their strategic goals.

Zafin is headquartered in Vancouver, Canada, but its presence spans offices and customers worldwide, including central banks like ING, CIBC, HSBC, Wells Fargo, Navy Federal Credit Union, PNC, and ANZ.

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