Next-gen banking, reimagined
Next-gen core that drives innovation, boosts agility & connects your business through an open, cloud‑first ecosystem.
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Your guide to next‑gen banking
See how Essence helps banks embrace next‑gen capabilities, boost agility, and innovate faster.
Leveraging advanced technologies
Core Banking transformation
Devoid of legacy code, fully API enabled with inbuilt banking processes deliver optimal STP levels
Data & analytics
Decision can be made based on detailed insights into products, customers, branches profitability
Lower costs. Greater compliance.
RegTech empowers banks to adapt and comply to new requirements & changes with greater ease
Platform & ecosystem
Open banking and APIs are essential parts of digital strategies & the main way to grow an ecosystem
Cloud first
For operational efficiency, agility, risk reduction & cost savings without compromising compliance & security
Digital engagement
Banks can offer high levels of personalization and lifestyle banking capabilities
Core Banking solutions for a fast-evolving market
Hear from our customers
Tonik drives financial inclusion with innovative digital banking powered by Essence
With Finastra we’re disrupting the financial sector in the Philippines and bringing banking to millions of people.
94%
Growth in consumer loan portfolio
75%
Of customer inquiries resolved automatically by AI
BKN301 achieves a rapid time to market for its BaaS and payment solutions with Essence
The Banking-as-a-Service sphere is evolving rapidly. Thanks to the flexibility and scalability of Finastra Essence, BKN301 can quickly adapt and meet these changing market and customer expectations.
ORO Bank unlocks digital innovation with Finastra’s Essence cloud-first core
Large scale core banking platform implementations can be stressful, but Finastra made this process as easy as possible by giving us daily touchpoints with their knowledgeable subject matter experts.
Unlock next‑gen potential with an open, cloud‑first core
Whether you're a challenger or an established bank, Essence helps you accelerate transformation, enhance agility, and build for what’s next.
Less physical. More digital.
Open banking improves customer experience
Customer insight
Integrated analytics generate valuable customer insights
Future-ready
Open, flexible SaaS platform allows innovation and growth
Compliance and speed
Latest innovations ensure compliance & rapid time to market
Open and agile Core Banking platform
Core banking systems that have the breadth of functionality to handle all your banking requirements
- Maximize operational efficiency
- Reduce Cost-to-Income ratios
- Consumer-centric focus
Ready to innovate?
Build the foundation for next‑gen banking success
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.
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
Your partner in next-gen banking
Discover how Finastra Essence helps you embrace next‑gen banking, boost agility, innovate faster, and deliver customer delight.
With Finastra we’re disrupting the financial sector in the Philippines and bringing banking to millions of people.
