Digital Banking

British Caribbean Bank partners with Finastra for core banking tech

May 7, 2024

Finastra, a financial software provider, partnered with British Caribbean Bank Ltd., based in Turks and Caicos, to deploy Finastra Essence on the Microsoft Azure cloud for core banking and back-office operations. Essence will provide open APIs and connectivity to third-party partners, according to a press release.

With this technology, the bank will be able to reduce costs and increase staff productivity.

"To transform our core and enhance our operations, we needed an innovative partner to provide the expertise and tech stack required to complete our modernization journey," Marcus Samuel, managing director at British Caribbean Bank, said in the release. "Finastra Essence helps us go above and beyond by positioning our team to deliver both an enhanced customer experience and innovative products, all while being agile and quick to market as we grow."

"Finastra is pleased to see Essence growing in the Caribbean and across the Americas, as more financial institutions are seeking core solutions that support digital transformation through increased agility, the cloud, and connectivity to the financial ecosystem," Siobhan Byron, EVP, universal banking at Finastra, said in the release. "Our continued and enhanced partnership with BCB and its affiliates provides the bank with the resources and support it needs to grow, thrive, and adapt to an ever-evolving financial services landscape."