Reimagine banking and deliver market leading differentiation
Banking is sophisticated. Banking is evolving. Delivering customer delight today and tomorrow demands both comprehensive functionality and advanced technology.
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Elevate core banking
See how Essence helps banks enhance agility, simplify operations, and innovate faster.
Innovation without compromise
Reduce time to market
Comprehensive coverage across all major areas with deep banking functionality.
Launch innovative products
Rich functionality plus advanced architecture enables agility and drives differentiation
Lower costs. Reduce risk.
Intelligent automation ensures processes are followed and fees are collected, cost-effectively
Deposits
Covers CASA & deposit structures, supporting rapid product creation and cloning with flexible accrual structures
Lending
Supports conventional & Islamic loan structures, revolving & non-revolving with full exposure management
Core accounts
Comprehensive and flexible design ensures alignment with business needs, while automation reduces cost & risk
Core Banking solutions for a fast-evolving market
Hear from our customers
Finastra Essence: Instrumental in propelling Tonik’s digital growth story
The functional, operational and architectural capabilities of Essence have become critical to launching new products and services and increasing efficiencies, translating growth into profitability.
133%
Year-on-year increase in loan production
4.3x
Increase in operational efficiency
75%
Of customer inquiries resolved automatically by AI
BKN301 harnesses the power of Essence to launch innovative BaaS and payment solutions
Thanks to the flexibility and scalability of Finastra Essence, BKN301 can quickly adapt and meet changing market and customer expectations.
ORO Bank reimagines banking with Finastra’s Essence cloud-first core
We were looking for a cloud-based, versatile and scalable core banking solution. Finastra Essence ticked all of these boxes and aligned with our own unique value proposition as a full-reserve bank.
Seizing new opportunities for expansion and innovation with Finastra Essence
Essence provides a visionary solution for a visionary bank. Our transformation required a core banking platform that allowed for local and global expansion. Essence provides such a platform.
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.
Innovative banking – powered by rich, broad & deep functionality & advanced technology
Whether you are a start-up or a spin-out, an established or emerging player, evolving or reinventing banking – we've got you covered with Essence – the only solution that combines rich, broad and deep functionality with advanced technology.
Cloud-first, not cloud only
Deploy in the cloud, or on-prem with the same code base – the choice is yours
Intelligence built-in
Deliver outstanding services by embedding your firm’s IP in the solution
Composable – the right way
Compose banking your way while protecting, not inhibiting your future.
Integration and extension
Putting easy integration and speedy extension at the core of your bank.
Open and agile core banking solution
Feature-rich, composable core banking solution helping you deliver innovative products and services.
- Faster product creation
- Lower operational complexity
- Scalable, resilient operations
Ready to innovate?
Resources to support your core transformation
Replace your core for growth and agility
Embarking on a core banking modernization project need not be overwhelming. Choosing the right technology partner can make the seemingly impossible, possible. Not only does the right partner understand your business, your starting point and you destination but they will provide the most appropriate way to help you get there.
Want to know more about your options? Are you ready for digital transformation with a next-gen core?
Go digital with Essence & Services
When it comes to going digital, Finastra Services offer guidance for all phases of the bank lifecycle, from new banks just launching into the digital banking sphere to established, legacy banks with more complex structures to transform.
Turn industry challenges into growth
What if the greatest threat to your bank’s future isn’t disruption from outside – but inertia within? In our last Reimagine Banking series, we challenged leaders to envision a new era for financial services. Now, the stakes are even higher: customers can switch providers with a tap, and new competitors emerge overnight. The real risk is standing still. The banks that thrive will be those that turn pain points into launchpads for growth, resilience, and transformation – delivering what customers want, at a price they value, and a cost that drives profitability.
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
Your partner in core transformation
Discover how Finastra Essence helps you modernize your core, boost agility, simplify operations, and deliver better banking experiences.
Thanks to the flexibility and scalability of Finastra Essence, BKN301 can quickly adapt and meet changing market and customer expectations.
