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features
design
support

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Description

Finastra Essence is designed for banks aiming to innovate quickly, scale efficiently, and transform their customer experience. As a cloud-native core banking system, it offers modular components that support continuous operations and rapid feature deployment. The solution caters to retail, commercial, and Islamic banking, delivering hyper-personalized, omnichannel customer journeys from onboarding to daily transactions. Built-in AI-powered analytics provide actionable insights, performance metrics, and a unified customer view on dynamic dashboards. With its open API architecture, Essence enables institutions to integrate seamlessly with fintech partners, expand their service offerings, and build flexible ecosystems. Running on Microsoft Azure ensures enterprise-grade security, resilience, and scalability. Whether launching a challenger bank or modernizing an established institution, Finastra Essence offers a proven path to competitive differentiation. By combining customer-centric design with advanced analytics and open innovation, it empowers banks to thrive in the digital era.

Description

In today's banking landscape, customers increasingly seek tailored and convenient services, prompting financial institutions to collaborate with First Data to enhance the value of each customer interaction. By utilizing First Data's user-friendly banking solutions, institutions can effectively meet their clients' desires for improved convenience, thanks to technology that streamlines every transaction while bolstering security. Strengthen customer relationships and identify fresh growth opportunities with our extensive range of solutions tailored for both merchant clients and consumers alike. Our innovative products enable financial institutions to provide a seamless, swift, secure, and intelligent electronic commerce experience. The journey to personalized banking starts here, where First Data offers a unified, comprehensive processing platform for all types of payment cards, loans, prepaid accounts, and commercial card products. Additionally, First Data’s OmniPay technology stands out as the preferred solution for cost-effective and efficient multi-currency, multi-country payment processing. With such diverse offerings, First Data ensures that financial institutions are well-equipped to thrive in a competitive market.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

MANTL Yes 
ACCEO Retail-1 No 
Banker's Dashboard Yes 
Chargeback Defense No 
Elite mCommerce No 
Finastra Yes 
Fincom.Co Yes 
Geezeo Yes 
Lightning Online POS No 
Midigator No 
NMI Gateway No 
OnPrintShop No 
PAR Ordering No 
Photon Commerce No 
ProcessOut No 
SavvyMoney Yes 
Treasury Systems Yes 
Winpharm No 
onePOS No 

Integrations

MANTL Yes 
ACCEO Retail-1 Yes 
Banker's Dashboard No 
Chargeback Defense Yes 
Elite mCommerce Yes 
Finastra No 
Fincom.Co No 
Geezeo No 
Lightning Online POS Yes 
Midigator Yes 
NMI Gateway Yes 
OnPrintShop Yes 
PAR Ordering Yes 
Photon Commerce Yes 
ProcessOut Yes 
SavvyMoney No 
Treasury Systems No 
Winpharm Yes 
onePOS Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person Yes 

Vendor Details

Company Name

Finastra

Founded

2017

Country

United Kingdom

Website

www.finastra.com/universal-banking/solutions/essence

Vendor Details

Company Name

First Data

Founded

1971

Country

United States

Website

www.firstdata.com/en_br/products/financial-institutions-br.html

Product Features

Banking

ATM Management No 
Compliance Tracking No 
Corporate Banking No 
Credit Card Management No 
Credit Union No 
Investment Banking No 
Multi-Branch No 
Online Banking No 
Private Banking No 
Retail Banking No 
Risk Management No 
Securities Management No 
Transaction Monitoring No 

Online Banking

Brokerage No 
Cash Management No 
Chat / Messaging Yes 
Credit Card Management No 
Electronic Statements No 
Fraud Detection No 
Loan Management No 
Marketing Automation No 
Retail Banking Yes 
Single Sign On No 
Transaction Monitoring No 

Product Features

Banking

ATM Management No 
Compliance Tracking No 
Corporate Banking No 
Credit Card Management No 
Credit Union No 
Investment Banking No 
Multi-Branch No 
Online Banking No 
Private Banking No 
Retail Banking No 
Risk Management No 
Securities Management No 
Transaction Monitoring No 

Payment Processing

ACH Check Transactions No 
Bitcoin Compatible No 
Debit Card Support No 
Gift Card Management No 
Mobile Payments No 
Online Payments No 
POS Transactions No 
Receipt Printing No 
Recurring Billing No 
Signature Capture No 

Alternatives

Alternatives

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