Next-gen core banking built for building societies
Support mortgage and savings operations, reduce manual effort, and deliver seamless member experiences with a flexible core.
Drive better outcomes for mutuals
See how Essence improves mortgage and savings journeys to lift member experience.
Accelerate efficiency, improve member experience
Streamlined mortgage operations
Automate key steps across application, approval, and completion to reduce delays and manual work.
Simplified savings onboarding
Cut paper, speed ID verification, and deliver smoother savings journeys across digital and branch.
Better member experiences
Provide consistent, intuitive journeys across channels with accurate data and real‑time processing.
Lower operational effort
Reduce manual processes, errors, and handoffs through workflow automation and high STP rates.
Faster product updates
Launch and adjust mortgage and savings products in hours, not days, with configurable tools.
UK‑ready compliance
Ensure accuracy and auditability with built‑in UK reporting, regulatory workflows, and secure controls.
Reimagine your building society with Finastra's core banking solutions
Hear from our customers
Melton Building Society enhances the agility of its product development with Essence
We were really impressed with Essence, the whole ecosystem, the ability to have genuine API interface, and for us to create an ecosystem that would deliver customer journeys that would be fit for the future.
Solving building society challenges with agility and clarity
Essence streamlines mortgage and savings operations, reduces manual effort, and enables consistent, member‑focused journeys across branch and digital channels.
Streamlined mortgage workflows
Automate key steps to reduce delays and errors.
Simplified savings onboarding
Cut paper and speed ID checks for smoother journeys.
Member-centric
Hyper personalization means you can treat members as individuals
Open, flexible foundation
Integrate partners easily and extend capabilities.
Core banking trusted by mutuals
Discover how Essence streamlines mortgage and savings workflows, backed by 40+ years of UK core banking expertise.
- Mortgage‑centric operations
- Simplified savings onboarding
- Member‑first experiences
Explore our UK expertise.
Exceeding member expectations with Essence
Why Melton Building Society chose Finastra
Learn how Melton Building Society uses Finastra Essence to automate core processes, enhance efficiency, and meet evolving member expectations while supporting long‑term growth.
How building societies thrive through digital
Explore how building societies are strengthening lending capabilities, improving digital journeys, and delivering seamless member experiences across mobile, online, phone, and branch.
Flexibility, scalability and security for mutuals
See how next‑gen core banking helps building societies reduce legacy constraints, improve efficiency, simplify processes, and create member‑focused environments that support future growth.
Helpful resources to improve
Apps to extend your core banking solution
Explore apps designed to complement Finastra Essence and extend core banking with payments, connectivity, data and innovation services.
Digital Channels - Verichannels
Open Banking Compliance Solution
SigCap
Sumsub
Frequently Asked Questions
Let's talk about your banking future
Learn how Essence streamlines mortgage and savings workflows, reduces manual effort, and improves member experiences across branch and digital channels.
We were really impressed with Essence, the whole ecosystem, the ability to have genuine API interface, and for us to create an ecosystem that would deliver customer journeys that would be fit for the future.
