FinWise Bank Taps Finastra's Core Solution to Power Its Digital Expansion

Finastra announced that FinWise Bank, an Utah-based community bank, has selected Fusion Phoenix as its new core banking solution. FinWise Bank will leverage its new core capabilities to better align its retail and business lending technology with its innovative fintech lending program.

"FinWise is a unique bank doing innovative things in the fintech space," said Dawn Cannon, EVP and Chief Operating Officer, FinWise Bank. "We needed to find a core provider that could match our needs for flexibility and growth, as well as one that has the experience and stability we could put our trust in. We feel that Finastra is that provider."

FinWise Bank selected Finastra's Fusion Phoenix core banking solution to modernize its banking infrastructure and to propel its banking business with leading-edge capabilities and a focus on adapting to a fast-moving market. Fusion Phoenix empowers the Bank to build upon its fintech partnership lending program, supporting new accounts on a national level while delivering superior customer service 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."