Business Wire
Providing a low-code environment, IO Canvas helps banks accelerate progressive core modernization and uninterrupted business transformation while mitigating financial risks associated with traditional solutions.
Integrating core banking systems with new technology infrastructures has always been a complex challenge for banks, requiring significant developer resources, extensive coding, and lengthy project timelines. Zafin, a global provider of SaaS core modernization and transformation solutions for banks, has announced the launch of IO Canvas to overcome these barriers.
IO Canvas is an innovative low-code builder designed to transform how banks and financial institutions build and manage data pipelines. With its intuitive interface, Zafin’s latest offering empowers banks to visualize and build data pipelines with ease, eradicating the need for extensive custom coding and freeing up senior technical teams to focus on strategic high-value business tasks.
“IO Canvas is a transformative addition to Zafin Integrate and Orchestrate (Zafin IO), purpose-built to empower financial institutions with a low-code solution that accelerates the integration of legacy and modern systems,” said Shahir Daya, Chief Product and Technology Officer at Zafin. “With IO Canvas, banks can move beyond traditional coding to a visual approach that reduces time to market by up to 60%, while maintaining rigorous standards for data consistency and quality. This enables financial institutions to modernize swiftly and securely, ensuring that every integration meets the highest benchmarks for reliability and accuracy as they advance their modernization journeys.”
Read More: AI Can Save E-commerce Vendors from Cash Flow Squeeze
Flexibility, scalability, and cost management for banks
Built on top of Zafin IO, designed to streamline and simplify integration processes for banks, IO Canvas offers a low-cost, scalable environment to meet the shifting needs of banks. Banks can drastically reduce the development and deployment time, significantly positioning them to innovate with speed and maintain high data integrity and security standards.
With over 200 connectors, including those from Redpanda Connect, IO Canvas helps banks create streamlined data pipelines that integrate with core banking systems like 10x, Thought Machine, and Zafin capabilities such as Tiering and Dynamic Cohorts. IO Canvas makes this possible by removing the heavy lifting associated with manual data transformations, equipping banks to provide hyper-personalized customer experiences, optimize pricing strategies, and drive meaningful customer engagement – all within the Zafin platform.
“Zafin offers a foundational platform designed to help financial institutions modernize core systems,” stated Alex Gallego, Redpanda’s Founder and CEO. “IO Canvas eliminates the long pole of systems integration with a built-in, large portfolio of connectivity in a low-code platform. We couldn’t be happier to have Redpanda Connect integrated into Zafin IO, accelerating core banking modernization efforts.”
IO Canvas is a powerful asset for technical teams in banks, meeting the demand for faster release cycles and quicker feature delivery. It positions financial institutions looking to innovate and stay competitive by democratizing the building, running, and monitoring of data pipelines, removing the barriers of traditional approaches. Users of varying technical expertise can leverage the low-code builder to develop production-ready pipelines, making it easier for banks to move from idea to implementation with predictability and confidence.
Read More: Global Fintech Series Interview with Jeff Marsden, Chief Product Officer at PureFacts
[To share your insights with us, please write to psen@itechseries.com ]
