The deal allows Finastra to refocus on payments and lending while Pollen Street gains a standalone unit with 150+ global clients.
Pollen Street Capital has agreed to purchase Universal Banking, Finastra’s core banking software division, in an undisclosed transaction. The unit provides cloud-based platforms for account management, payments, lending, and treasury functions to over 150 clients across 100 countries, including major lenders and digital banks.
Universal Banking’s flagship product, Essence, supports legacy system modernization and open banking integration. The division will operate as a standalone entity under its current leadership, with Pollen Street providing strategic support. Finastra will redirect resources toward its payments and lending segments, citing growth opportunities in those areas.
The acquisition highlights a shift in Finastra’s strategy as it narrows its focus on high-potential sectors. Pollen Street’s investment aims to accelerate development for Universal Banking’s existing customer base and expand its market reach.