Rabobank taps Zafin to upgrade pricing, billing and invoicing capabilities

Key Points:

1. Partnership Announcement:
   • Rabobank has partnered with Zafin, a Software-as-a-Service (SaaS) solutions provider, to upgrade its pricing, billing, and invoicing capabilities.
2. Objective:
   • The partnership aims to provide Rabobank’s internal teams with a consistent view of product, billing, and invoicing information across all channels.
   • It is expected to reduce the cost of creating, changing, and launching new product propositions and pricing for Rabobank’s 9.1 million retail and corporate clients.
3. Previous Tech Transformations:
   • Integration of allNETT and DOKA-NG solutions from Surecomp in 2022.
   • Adoption of digital financial planning tools from InvestCloud in 2022.
   • Partnership with Dejamobile in March for the ReadyToTap Payment for Merchants solution.
4. Leadership and Vision:
   • Alexander Zwart was appointed as chief innovation and technology officer last year to drive digital transformation and innovation at Rabobank.
5. Statements:
   • Paul Wolda, payments manager at Rabobank, stated that the partnership with Zafin reinforces the bank’s commitment to investing in new technologies that modernize legacy applications, drive operational efficiencies, lower costs, and offer a more personalized and sophisticated banking experience.
6. Zafin’s Background:
   • Zafin has partnerships with several global banks, including HSBC, ANZ, ING, Wells Fargo, and others.
   • Zafin was acquired by private equity firm Nordic Capital for an undisclosed sum earlier this year.