FinWise Bank has selected Finastra to power its core banking platform. Finastra is a global software provider for digital banking services. FinWise banks is based and Utah and touts its relationships with Fintechs in the US. FinWise said the new tech will help its offerings better aligne with both its retail and business lending services.
Dawn Cannon, EVP and Chief Operating Officer, FinWise Bank, said they are doing unique things in the Fintech space and they need a provider that can match their needs:
“We feel that Finastra is that provider.”
Finastra’s Fusion Phoenix is expected to enable the Bank to build upon its Fintech partnership lending program, both locally and nationally.
“Fusion Phoenix provides FinWise Bank the open architecture and flexibility it needs to achieve its exciting digital expansion,” said Keith Redding, Chief Revenue Officer, Universal Banking at Finastra. “Our core solution’s open model creates results and extensibility today, while futureproofing technology and enabling future growth. FinWise’s innovative leadership team recognized that it needed the right partner to help scale the business for the future, and we’re pleased to work with them as they deliver their successful banking model across the United States.”
