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Core banking infrastructure is not a product layer.
It is the transaction engine every customer-facing service runs on top of, and its architecture determines how quickly a bank can price a new product, connect to a payment rail, or process a settlement.
The Bank of Maldives, the Maldives' largest bank, has contracted with London-based Finastra to deploy the company's Essence next-generation core banking platform. Finastra disclosed the agreement on July 21, 2026.
What Essence is designed to do Finastra describes Essence as a next-generation platform.
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