Solving banking challenges with agility

Agility is the only sustainable competitive advantage. Finastra Essence provides the functionality and technology financial institutions need to adapt, evolve and thrive.

Reduce time-to-market

Launch and adapt products faster with no-code tools.

Customer‑centric experiences

Support tailored journeys across retail, SME and commercial banking.

Reduce TCO & operational complexity

Automate processes and streamline workflows to cut costs.

Open to innovation

Innovate with open APIs and a flexible ecosystem.

Hear from our customers

Customer Story

Tonik drives financial inclusion with innovative digital banking powered by Essence

Tonik Logo

With Finastra we’re disrupting the financial sector in the Philippines and bringing banking to millions of people.

Greg Krasnov President & CEO, Tonik Bank

94%

Growth in consumer loan portfolio

75%

Of customer inquiries resolved automatically by AI

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Customer Story

ORO Bank reimagines banking with Finastra's Essence cloud-based core banking solution

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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.

Mike Kayamori Co-Founder & CEO, ORO Bank
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Customer Story

BKN301 achieves a rapid time to market for its BaaS and payment white label solutions with Finastra Essence

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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.

Stiven Muccioli Co-Founder & CEO, BKN301 Group
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Customer Story

ADF empowering the Saudi agricultural industry with Finastra Essence

The Saudi Agricultural Development Fund

With best-in-class solutions like Essence supporting us, we’re well placed to realize the goals of Saudi Vision 2030 and drive agricultural development in the Kingdom.

Muhammad S. Al-Dhuwaiyan CIO, The Saudi Agricultural Development Fund
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Industry Recognition

2025 Gartner® Magic Quadrant™ for Retail Core Banking Systems, Europe

Finastra Essence was recognized for the second consecutive year in the 2025 Gartner® Magic Quadrant™ for Retail Core Banking Systems, Europe, reflecting its combination of deep banking functionality and advanced technology.

Read the report

IBSi Global FinTech Innovation Awards 2025 - Retail and Universal Banks

Finastra Essence won Best‑in‑Class Core Banking Solution for Retail and Universal Banks, recognized for its partnership with ZB Financial Holdings and its role in driving innovation and customer success.

Read the article

IBSi Global FinTech Innovation Awards 2025 - Digital Banks

Finastra Essence won Best‑in‑Class Core Banking Solution for Digital‑Only Banks, recognized for its partnership with Tonik Bank and its impact on innovation and customer success.

Read the article

Digital to the core

A cloud‑first, customer‑centric core banking solution supporting retail, commercial and Shariah‑compliant banking.

  • Rich, broad, deep functionality
  • Agile, composable architecture
  • Award‑winning solution
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Cloud‑first by design

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Cloud‑first at the core of banking

A cloud‑first core banking solution designed for continuous 24/7 operations, scalability and operational resilience.

Customer‑centric experiences

Deliver consistent, personalized experiences across onboarding, servicing and digital channels for retail, SME and commercial customers.

Embedded analytics and insights

Delivers a 360 customer view in a single dynamic dashboard, with performance metrics and data insights always at the bank’s fingertips

Rapid product agility

Launch and adapt banking products faster using a no‑code product composer and configurable business rules.

Open and extensible

Integrate easily with ecosystems and partners using open APIs and event‑driven architecture, without locking into rigid systems.

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Finastra Essence Analytics

Turn raw banking data into actionable insights with real‑time dashboards, predictive models, and an AI‑ready analytics foundation.

Product Details

Helpful resources to improve

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SigCap

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Sumsub

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Frequently Asked Questions

Essence is Finastra’s next-generation core banking solution built on microservices and open APIs, delivering real-time processing and resilience to support deposits, lending and payments.

Financial institutions of all tiers, including digital challengers, fintechs & established banks of all sizes including building societies. Supports core modernization across retail, SME, commercial & Islamic banking worldwide.

Essence replaces legacy rigidity with a modular, API‑led, cloud‑ready design. Componentized services, embedded workflows, and event‑driven processing enable faster change, high STP, and strong resilience.

Essence delivers end‑to‑end core banking across deposits, lending, payments, accounts, limits, fees, and servicing. It supports retail and commercial banking, multicurrency processing, and open integration.

Essence enables innovation through open APIs, event publishing, modular services, and configurable products, allowing banks to launch faster, integrate fintechs easily, and innovate without core code changes.

Essence reduces operational complexity through automation, high STP, centralized configuration, and real‑time data. Its modern UI and component design improve efficiency and streamline day‑to‑day operations.

Let's reimagine banking together

The functional, operational and architectural capabilities of Essence are critical to launching new products and increasing efficiency, translating growth into profitability.

Greg Krasnov
President & CEO, Tonik Bank