Finastra rolls out Fusion Originate for seamless digital experience

By Megha Bhattacharya

Finastra has announced the launch of Fusion Originate in a bid to harmonise consumer and business deposits, loans and mortgages. With Fusion Originate, community banks and credit unions will benefit from an enhanced ability to transform the customer portal into an online sales channel and convert prospects into customers with a self-service application process.

Finastra stated that the solution integrates seamlessly with a range of loan origination and core banking systems, available from Finastra and third-party providers, delivering a real-time onboarding and decisioning origination experience. It includes robust functionality to combat fraud and ensure compliance, while a cohesive, modern UX complements financial institutions’ branding.

“Financial firms have historically had to use different systems for originating loans, deposits and mortgages, creating different internal processes as well as inconsistent user experiences for account holders,” said Steve Hoke, Vice President & General Manager, Mortgage & Lending Solutions, Finastra. “Fusion Originate changes all that. This is a unique offering in the market, providing a single solution for the full spectrum of origination types, so financial institutions can set up their entire digital channel with a common look and feel.”

Fusion Originate represents the consolidation of several of Finastra’s lending and account opening solutions, including Fusion uOpen (business and consumer deposits, consumer lending), Fusion Consumerbot (consumer lending), and Fusion MortgagebotPOS (mortgage origination), combined with new functionality for business lending (available in Summer 2021).

Recently, Finastra announced the extension of its partnership with Be | Shaping the Future (Be). Finastra stated that the development will see Be providing managed services – through its Germany-based subsidiary Be | Shaping the Future GmbH – for Finastra’s treasury and capital markets software (Fusion Kondor and Fusion Risk) deployed in the cloud across Germany, Austria and Switzerland (DACH).