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Finastra increases popularity of Fusion Phoenix core banking platform

Finastra increases popularity of Fusion Phoenix core banking platform

Banking & FinanceMore NewsSoftware

Finastra has signed 25 financial institutions to its Fusion Phoenix core banking platform during its 2021 fiscal year.

These institutions include a mix of banks and credit unions that have selected the software for its ability to meet their unique needs with a flexible core that can easily scale and evolve. Among the new customers that have recently selected Fusion Phoenix are Peoples Credit Union, First National Bank of Manchester (KY) and Fowler State Bank.

“Financial institutions have long viewed legacy core technology as a hinderance to innovation,” said Stephen Greer, Senior Analyst, Celent. “They are realizing that an open, cloud-based core has the ability to actually facilitate innovation and eliminate the roadblocks and inefficiencies caused by lack of integration with other technology solutions used within the institution.”

Fusion Phoenix offers community banks and credit unions an open and modern core that can easily integrate with new technology via a progressive open API architecture, enabling financial institutions to take advantage of emerging trends and opportunities.

Additionally, Fusion Phoenix offers seamless connectivity to a suite of Finastra’s best-of-breed solutions for digital enablement, lending, mortgage and payments.

Integration with Finastra’s FusionFabric.cloud open developer platform provides access to a growing ecosystem of apps, to empower the institution to evolve beyond traditional banking business models and enhance their customers’ experience.

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