This collaboration is designed to help financial institutions running on IBM Z to quickly modernize their systems and processes by externalizing core product and pricing applications using Zafin’s platform. This externalization of core banking applications will help allow financial institutions to benefit from real-time product and pricing information in hybrid cloud environments.

According to a recent IBM Institute for Business Value survey, “The hybrid cloud platform advantage,” the value derived from a full hybrid, multicloud platform technology and operating model at scale is 2.5 times the value derived from a single platform, single cloud vendor approach. Further, an IBM hybrid cloud transformation that integrates IBM Z can extend up to 5x the value of a public cloud only approach.[1] According to a Hurwitz and Associates whitepaper sponsored by IBM[2], this value is derived by: business acceleration, developer productivity, infrastructure cost efficiency, regulatory, compliance and security, and deployment flexibility.

“Zafin and IBM’s collaboration continues to expand to help deliver solutions designed to leverage the strength and stability of IBM Z mainframes with the innovative, market-creating technology capabilities of the Zafin platform,” said John Smith, Executive Vice President of Ecosystem, Zafin. “This collaboration will help IBM Z customers transform their capabilities digitally, with the added benefit of addressing regulatory and compliance requirements. Our goal is to deliver superior and seamless customer experiences for financial services both in the cloud and on-premises.”

The IBM Z and Cloud Modernization Center brings together IBM’s decades of experience with innovative IBM methodologies, tools, training, global systems integrators and technology partners to create and execute a roadmap that is engineered to lower risk and maximize business value. The Center offers clients a one-stop digital interface to schedule briefings, connect with partners, join workshops, speak to personnel with extensive domain experience and much more, designed to help clients fully realize and extend the value of their IBM Z environments. This interactive client digital journey showcases comprehensive access to resources, capabilities and guidance for business professionals, IT executives and developers alike. Through the Center, clients will gain access to a partner learning hub, including resources from Zafin. Zafin’s award-winning platform is designed to allow financial institutions to take control of their product and pricing management by launching new products at speed, and enables them to deliver hyper-personalized banking experiences through rewards, offers and loyalty programs which today’s consumers demand from their institution.

“The pressure for organizations to accelerate transformation for speed and efficiency is greater than ever,” said Meredith Stowell, VP, IBM Z Ecosystem. “Collaborating with ecosystem partners like Zafin as part of the IBM Z and Cloud Modernization Center provides innovative capabilities and expertise to help joint clients in the design and execution of their modernization strategies.”

Zafin is part of IBM’s partner ecosystem to help IBM Z clients accelerate the in-place modernization of their applications, data and processes in an open hybrid cloud architecture.