Finastra launches Next Gen Mobile Banking software

By Gloria Methri

Finastra has introduced its latest mobile banking software, Next Gen Mobile Banking, offering a new digital banking experience for community banks and credit unions. The advanced application provides a seamless user experience, offering financial institutions customization options and enhanced security features.

With Next Gen Mobile Banking, Finastra empowers community banks and credit unions with features likely to appeal to customers and members of all ages. The app contains built-in personal financial management tools, enabling financial institutions to offer customers easy access to budget planners and more.

“Climate First Bank is a unique and digitally driven financial institution, which means we need the right tools to support our growth and to give our customers the digital experience they expect and deserve,” said Marcio de Oliveira, Executive Vice President, Chief Technology, and Digital Banking Officer at Climate First Bank. “This new app enables us to provide a seamless, personalized, and easy-to-use mobile banking experience that supports our vision of reimagining finance as a force for good. We’re grateful to be an early adopter of Finastra’s new solution, and we look forward to working with our customers across both personal and business segments to take advantage of everything it has to offer.”

Next-gen mobile Banking provides banks and credit unions with enhanced security features, such as Passkey Authentication, which offers seamless and robust protection against phishing and other threats.

“Finastra has delivered sophisticated digital experiences for many years, and this enhancement marks our commitment to creating solutions that provide community banks and credit unions with the features and security needed to help them stay ahead of the competition,” said Narendra Mistry, chief product and technology officer, Universal Banking at Finastra. “With Next Gen Mobile Banking, our customers can deliver an innovative and sophisticated user experience that is tailored to the unique needs of the communities they serve.”

Next Gen Mobile Banking is now deployed for financial institutions participating in Finastra’s pilot program. The application is expected to be available for all Finastra Phoenix consumer banking customers in mid-2024.