Financial services company Rabobank partners with Zafin for digital transformation
Multi-national banking and financial services company Rabobank has teamed up with SaaS core modernization solutions provider Zafin to enhance its pricing, billing, and invoicing processes.
“Innovation lies at the heart of Rabobank’s digital transformation journey,” stated Rabobank Manager (Payments) Paul Wolda. “It supports our mission of ‘growing a better world together’ and our goal to improve the everyday life of our customers.” Wolda praised Zafin’s global reputation and highlighted that the partnership “reinforces our commitment to invest in innovative technologies that modernize our legacy applications, drive operational efficiencies, lower costs, and offer our clients a more personalized and sophisticated banking experience.”
This partnership is a strategic move as Rabobank aims to transition to a fully digital institution. The company will implement Zafin’s platform to replace its existing pricing tools, streamlining the process of creating, adjusting, and launching customized product propositions and pricing. By leveraging Zafin’s platform, Rabobank will gain a unified view of product, billing, and invoicing data across all channels, reducing revenue leakage and providing real-time insights into the preferences and needs of its diverse customer base.
“Our collaboration with Rabobank marks a significant milestone in our mission to deliver core modernization solutions for the banking industry,” said Zafin SVP of EMEA Sales Hali Khan. “For decades, Rabobank has been a leader in sustainability-oriented banking, and we are thrilled to help enhance its pricing and billing capabilities in the Netherlands.”
With a presence in 37 countries, Rabobank is an international financial services provider offering a range of services including retail banking, wholesale banking, private banking, leasing, and real estate services. Headquartered in Utrecht, Netherlands, Rabobank was founded in 1895 as a local credit cooperative for farmers and has maintained a dominant market share in the agrarian sector, exceeding 85%. In 2002, Rabobank launched its first internet-only savings bank, Rabobank.be.
Zafin, based in Toronto, Ontario, Canada, showcased its technology at FinovateFall 2017. The company was acquired by Nordic Capital in February of this year. In May, Zafin co-founder Al Karim Somji announced his decision to step down from the CEO role after more than two decades of leadership.
Photo by Iván Rivero
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Conclusion:
In conclusion, the partnership between Rabobank and Zafin represents a crucial step towards digital transformation in the banking sector. By leveraging Zafin’s innovative platform, Rabobank aims to enhance its pricing, billing, and invoicing capabilities, ultimately providing a more personalized and sophisticated banking experience for its customers. This collaboration highlights the importance of embracing technological advancements to drive operational efficiencies and improve overall customer satisfaction. As Rabobank continues its journey towards becoming a fully digital institution, we can expect to see a more streamlined and customer-centric approach to banking services. Stay tuned for more updates on this exciting partnership and the latest trends in the financial services industry!
