British Caribbean Bank triggers core banking overhaul with Finastra

The British Caribbean Bank is embarking on a significant transformation with its latest collaboration with UK-based financial software provider Finastra.

This bank, renowned for offering international banking services such as accounts, deposits, loans, and tourism-related development financing in the Turks and Caicos Islands, has chosen Finastra’s Fusion Essence solution to drive its digital growth.

Implemented on Microsoft Azure, Fusion Essence will revolutionize the bank’s core and back-office operations. Its aim is to enhance cost-effectiveness, boost productivity, and ensure compliance with regulatory requirements through cutting-edge technology.

Fusion Essence features open API connectivity, facilitating seamless integration with third-party partners and enabling enhancements to the customer experience.

Marcus Samuel, the managing director at British Caribbean Bank, highlights that Fusion Essence will empower the bank to deliver superior customer experiences and innovative products while maintaining agility and speed in the market.

Siobhan Byron, EVP of universal banking at Finastra, emphasizes that this partnership will provide the bank with the necessary resources and support to thrive in the dynamic financial services landscape.

This collaboration marks another milestone in the expansion of Finastra’s technology across the Americas, building on its successful partnerships with institutions such as Mechanics Cooperative Bank, FinWise Bank, First Citizens Bank, and Jefferson Bank in Texas, among others.

Source: fintechfutures.com

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