Zafin Integrates ChatGPT Enterprise to Accelerate Platform Development and Help Banks Compete
Article content
TORONTO — Zafin, the strategic platform partner that banks trust to accelerate innovation and deliver transformative customer value, is collaborating with OpenAI to apply ChatGPT Enterprise across its product development and delivery operations. By embedding AI into how its teams work and investing in training and enablement, Zafin is driving greater development velocity improving product quality, and strengthening its ability to support banks with precision.
Article content
Banks today face mounting pressure from outdated infrastructure, nimble digital challengers, and evolving customer expectations. To help them deliver personalized products and services at speed, Zafin is scaling platform capabilities and empowering its teams to build with sharper focus and efficiency. OpenAI was selected not only for its technical leadership, but because its approach to human–AI collaboration aligns closely with Zafin's own AI principles. Together, the two companies are shaping how intelligent systems and human expertise can work in concert—accelerating innovation while maintaining the trust, control, and precision that banks demand.
Article content
'Innovation at Zafin is rooted in solving the toughest challenges banks face in delivering personalized experiences and dynamic pricing at scale,' said Branavan Selvasingham, Head of AI and Engineering at Zafin. 'By integrating Enterprise ChatGPT into our internal processes, we're accelerating how we develop, design and deliver products and capabilities that help banks respond to customer needs with speed and precision. Our teams are using AI to streamline ideation, reduce complexity, and enhance decision-making as our clients push for growth and efficiency.'
Article content
'Zafin is a great example of how companies are using ChatGPT to transform how teams work,' said James Dyett, Head of Enterprise and Strategic Sales at OpenAI. 'By embedding ChatGPT into their product development and delivery workflows, they're accelerating innovation and creating more value for their customers across the banking sector.'
Article content
Zafin is embracing generative AI not as a tool, but as a capability embedded across the organization, one that creates a strategic edge for both its teams and clients. By applying OpenAI's models through ChatGPT Enterprise across internal workflows from prototyping and documentation to enablement and collaboration, Zafin is reducing manual cycles, and freeing up teams to focus on high-impact innovation. What began as a clear vision to make teams 'superhuman' has become a core part of how Zafin builds, supported by strong adoption and a sustained focus on responsible scaling.
Article content
Zafin's current and emerging AI initiatives span three strategic areas:
Article content
Collaboration enablement: powering documentation, cross-functional knowledge sharing, secure research workflows, and intelligent interfaces
Platform delivery acceleration: embedding AI across product design, QA, and solution delivery to shorten handoffs and raise quality
Future development: building agent teams and secure connectors that operate as teammates across the platform—developed using OpenAI SDKs and governed by enterprise standards
Article content
All AI initiatives at Zafin are governed by a comprehensive responsible AI governance framework, supported by human-in-the-loop oversight and rigorous model risk management protocols. AI automation and human judgment are combined to ensure outcomes are explainable, auditable, and aligned with client needs. Early results show measurable gains in development timelines, QA cycles, and documentation delivery, bringing new capabilities to market faster and enabling Zafin to serve clients with greater agility. Learn more about AI at Zafin.
Article content
About Zafin
Article content
Zafin is the strategic platform partner that banks trust to accelerate innovation, unlock sustainable growth, and deliver personalized customer value—without disrupting core systems. Headquartered in Vancouver, Canada, and serving banks across North America, EMEA, and Asia-Pacific, Zafin helps financial institutions modernize intelligently by decoupling product innovation from legacy infrastructure and orchestrating value across the banking lifecycle.
Article content
At the heart of Zafin is an AI-powered, modular platform purpose-built for banking. It enables banks to unify data, simplify product and pricing strategies, automate deal execution, and optimize customer relationships.
Article content
Zafin works with top-tier global institutions as well as regional and mid-market banks, delivering measurable outcomes including increased speed to market, reduced operational complexity, enhanced compliance, and stronger customer engagement.
Article content
Article content
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
3 minutes ago
- CTV News
Ontario mortgage delinquencies on the rise and could climb higher still, experts warn
A real estate sign is displayed in front of a house in Toronto in this file photo. THE CANADIAN PRESS/Evan Buhler Mortgage delinquencies appear to be on the rise in both Ontario and the Greater Toronto Area and the numbers could get worse as Canada navigates choppy economic waters, experts say. According to data prepared for the Canada Mortgage and Housing Corporation (CMHC) by Equifax Canada, mortgage delinquencies rose to 0.22 per cent in Ontario for the first quarter of this year. That's up from 0.15 per cent in the first quarter of 2024 and 0.09 per cent in the first quarter of 2023. In Toronto, the mortgage delinquency rate hit 0.23 per cent for the first quarter of 2025. That compares to 0.14 per cent for the first quarter of 2024 and 0.08 per cent for the first quarter of 2023. Specifically, the data tracks the volume of 90-day mortgage delinquencies, which include defaults, but can also refer to late payments. While the rate might not be terribly bad by historical standards, mortgage delinquencies haven't been that high in Toronto since early 2013 and Ontario hasn't seen levels this high since 2016. Equifax reported in February that more than 11,000 mortgages in Ontario recorded a missed payment in the last quarter of 2024. The firm warned that Ontarians are struggling with their mortgages and that mortgage holders are struggling with other forms of debt as well. 'It's concerning,' says Maria Solovieva, an economist at TD Bank. Interest rates, uncertainty are factors Experts say there are two main reasons why mortgage delinquencies are on the rise now. First, the province is seeing a wave of mortgage renewals by people who bought homes with rock-bottom borrowing costs during the pandemic and are now having to renew at higher rates. But in addition to low interest rates, people also had forced savings during lockdown, Solovieva points out. 'So they had these extra funds available for them to put towards repayment,' she says. In that sense, it was predictable that some people might have difficulty making their payments now. 'There's definitely a rise in (delinquencies) associated with coming back to normalcy,' Solovieva says. Jordan Nanowski, CMHC's lead economist for the Greater Toronto Area, agrees. 'I think a rise in delinquencies is expected given that there's a lot of mortgage renewals taking place, so (that) reflects higher mortgage costs,' Nanowski says. The second thing driving up delinquencies, he says, is economic uncertainty finding its way into the labour market. 'There's a lot of economic uncertainty that in itself is already manifesting certain negative impacts,' Nanowski says. 'Especially in certain industries, we're seeing some job cuts and that could be contributing as well. So it's kind of a confluence of the two.' While the data is not clear on this point, Nanowski says the softening of the condo market could well be playing a role in delinquencies if people looking to offload those properties find they are unable to get their money out because of the weaker market. 'There definitely could be individuals that are, let's say, a little bit more tied to their property and if they have issues making payments and they're looking to sell, it's not that easy to sell,' he says. 'So in that type of environment, they might be more likely to be in arrears for longer. So market dynamics are definitely playing a factor there.' Ontario vulnerable as trade war remains unresolved Both Solovieva and Nanowski agree that going forward, Ontario could be in for a rough ride if the ongoing trade war with the United States, sparked by U.S. President Donald Trump's tariff threats, hits the job market. 'We do expect that Ontario specifically will be hit by the trade war a little bit more,' Solovieva says. 'The unemployment rate is already at 7.9 and 7.8 per cent between the two months in May and in June (respectively), so it's larger than average in Canada.' Nationally, unemployment sat at 6.9 per cent in June. 'The economic uncertainty and impacts of potential tariffs could impact employment for a lot of individuals, and that could increase mortgage arrears,' Nanowski says. He points out areas that support industries targeted by the U.S. for tariffs are particularly vulnerable. 'Windsor is probably the most exposed. Same with case Kitchener, Cambridge, Waterloo, St. Catharines, Niagara, Hamilton for steel,' Nanowski says. 'Those are places that mortgage arears might pop up a bit higher if trade tensions and economic uncertainty persist, right? And we're already seeing a bit of impact there. You're seeing some job losses in certain sectors that are more unique to that area.' CMHC could not provide the real number of mortgage delinquencies in Ontario. However, of the nearly 7 million outstanding mortgages in Canada, 0.22 per cent were in arrears in the fourth quarter of last year, according to the corporation. That translates into 15,259 mortgages across the country. Nanowski adds that while the diversified labour market within the Greater Toronto Area is something of a bulwark around Toronto, the GTA is still vulnerable in some places, such as Oshawa, where thousands of jobs are tied to the auto industry. But while there's reason for concern, Solovieva points out that for the time being, mortgage delinquencies still sit at less than a quarter of a percent. 'So it just tells you that, yes, there is strain, especially in those very not affordable regions,' she says. 'But it's not something that will basically, at this point, be a breaking point.' Are you having difficulty making your mortgage payments? CP24 and CTV News Toronto want to hear from you. Email us at torontonews@ with your name, general location and phone number in case we want to follow up. Your comments may be used in a CP24 or CTV News story.
Globe and Mail
33 minutes ago
- Globe and Mail
These Catalysts Could Lift Opendoor Stock Higher
Opendoor (NASDAQ: OPEN) has taken steps to improve profitability. *Stock prices used were the afternoon prices of July 23, 2025. The video was published on July 25, 2025. Should you invest $1,000 in Opendoor Technologies right now? Before you buy stock in Opendoor Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Opendoor Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Globe and Mail
an hour ago
- Globe and Mail
A Once-in-a-Lifetime Opportunity: This Quantum Computing Stock Looks Set To Skyrocket
Key Points IonQ's trapped ion approach is different than many of its competitors'. 2030 is a key date that quantum computing is expected to see commercial adoption. 10 stocks we like better than IonQ › While the artificial intelligence (AI) race is still ongoing, another arms race is emerging: quantum computing. Quantum computing could represent a significant technological leap, enabling the rapid and efficient solution of problems that were previously unsolvable. Given the promise of this technology, it's no surprise that multiple competitors have emerged in the quantum computing arena, ranging from established big tech companies to fledgling start-ups. While the big tech companies may be safer bets, their upside is capped even if they succeed by dominating the quantum computing marketplace. However, the quantum computing start-ups are intriguing, as they are primed for massive gains if one of them develops the winning technology. One of my favorites in this space is IonQ (NYSE: IONQ), and now appears to be a once-in-a-lifetime opportunity to invest in the stock. IonQ's differentiating technology makes it an intriguing investment opportunity IonQ is a quantum computing pure play. If it succeeds, the stock is expected to deliver impressive shareholder returns. If it loses, the stock will likely become worthless. This is the first key point about investing in a stock like IonQ: Investors must be aware of the risk. To compensate for this risk profile, investors should only devote a small portion of their portfolio (no more than 1%) to a stock like this; that way, you can benefit if the stock rises massively or are hardly affected if it goes to zero. There is significant upside to IonQ's stock, given that it's only an $11 billion company yet competes in a market that could be worth $87 billion by 2035. That's huge projected growth, and if IonQ can capture a sizable portion of that market, the stock is poised for significant upside. The reason I prefer IonQ over other pure-play quantum computing companies is that it's taking a unique approach. While most companies in the quantum computing realm employ a superconducting technique, which involves cooling a particle to near absolute zero, IonQ utilizes a trapped ion approach. IonQ's trapped ion approach can be performed at room temperature, which represents a significant cost advantage. Cooling particles to absolute zero is incredibly expensive and could be a cost-prohibitive factor for the widespread deployment of quantum technology. This gives IonQ a competitive edge, making it an intriguing pick. But the trapped ion approach also has another advantage. The trapped ion approach could be a more accurate computing method It's well known in the quantum computing industry that allowing qubits to interact with each other creates a more accurate solution. Superconducting platforms capitalize on this fact by arranging qubits in a grid-like system. The trapped ion approach takes this a step further by allowing every qubit within the system to interact with each other. This advantage could enable IonQ to achieve a two-qubit gate fidelity greater than 99.9%, a common measure of a quantum calculation's accuracy. This is one of the key holdups with quantum computing, as it isn't as accurate as traditional computing right now. With each iteration, these quantum computers are becoming more accurate and will eventually reach a point where the information they provide is commercially viable. This will be the key turning point, with most estimating it will come around the year 2030. That's not far away, and IonQ is just one big announcement away from having its stock soar and never return to its current price point. However, the trapped ion approach may have inherent flaws that aren't yet known, which could render IonQ a dead end in the quantum investment world. As a result, investors need to keep any position in the company small, as discussed above. IonQ's unique approach sets it apart from other quantum computing investment options, making it a smart choice for a quantum computing stock pick today. Should you invest $1,000 in IonQ right now? Before you buy stock in IonQ, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and IonQ wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
