Finastra Essence
Next Generation
Core Banking

Does your core banking platform do all this?

Find out more

1

Technology

Use the latest technology to enhance agility, reduce cost and risk

Completely Java and utilizing the latest technologies across the complete stack including containerization making it highly performant.

Built using a microservices architecture, enabling modular development and deployment of banking services, including Gen Ai and Agentic banking. Event driven architecture and data streaming to ensure seamless and scalable processing in real time.

25%Banks with modernized core systems have seen cost savings of up to 25%

30%A new core platform can reduce a bank’s operational risk by up to 30%

53%of large banks globally wish to deploy over 40% of total workloads to the cloud

2

Cloud & On-Premise

Offer a choice of platforms including full SaaS to support your business, whatever your preferred model

Cloud Native and Agnostic core banking platform that is scalable, flexible, secure and agile. Regulatory compliance for cloud/geography can be assured.

Fully managed SaaS model that delivers faster time to value, reduces implementation and maintenance costs, and assures a lower Total Cost of Ownership.

3

Open architecture

Facilitate the seamless integration needed in today’s dynamic landscape

Comprehensive Open API library for ease of integration with third party solutions, including the Finastra Fintech ecosystem, enabling clients to leverage the latest innovations in a cost effective and secure way.

Integration capabilities are unsurpassed. All Integrations methods covered delivering seamless end to end processing in real time and reducing operational risk.

14%Large banks are launching API programs and allocating, on average, about 14% of their IT budget to APIs

8.2%Banks with significant ecosystem engagement have superior business and stock market performance, growing at twice the pace of ecosystem abstainers – 8.2% versus 4.2%

4

Ecosystem

Enable rapid access to an ever-expanding ecosystem

Complimenting our core capabilities enabling us to extend the capabilities and value of our core banking solutions using open APIs.

Wealth of fintech partner options to enable an end-to-end solution covering areas such customer engagement, fraud & risk management, and various innovative growth enablers.

5

Business coverage

Tap into business opportunities fast

Rapidly exploit and take advantage of business opportunities with extensive functionality across all areas including pre integrated components such as Analytics, Teller, Islamic, Payments and Digital engagement.

Self Service capabilities without compromising the code or upgradability utilizing the SDS (Software Development Service) and Product Composer.

52%of banks needed to make major upgrades to their core banking systems before they could even introduce a new product to market

35%of U.S.-based financial organizations leveraged AI and data to reduce TCO

10%A third of them managed to reduce costs by over 10%

6

Analytics

Drive better data-driven decisioning

Advanced Analytics tools deliver real time insights into customer behavior, enabling our clients to quickly identify opportunities for growth and profitability, and support campaigns.

Machine learning and predictive modelling help anticipate customer needs and personalize offerings, resulting in increased customer loyalty and satisfaction.

Can your core banking platform do all this?

If not, we would love to hear from you.

Contact Us Find out more

Finastra Essence Next Generation Core Banking