Finastra Essence
5.4#11 in banking systemsWebAPISelf-hosted
VisitFinastra Essence vs Mifos X
What both publish
| Fact | Finastra Essence | Mifos X |
|---|---|---|
| Founded | 2017 | 2011 |
| Headquarters | London, United Kingdom | United States |
| Support | Finastra directs Essence customers to select the product on its customer support page to find support contact options. | Certified local partners can assist with implementation, hosting, and support, while community mailing lists and Slack offer trial setup and configuration troubleshooting. |
Finastra Essence plans
- Finastra EssencePriced on request
Mifos X plans
- Mifos X open-source platformFree
- Mifos X trial sandboxFree
Pick Finastra Essence if…
Essence is intended for financial institutions of different sizes, including digital challengers, fintechs, banks, and building societies. Its supported segments include retail, SME, commercial, and Shariah-compliant banking.
Pick Mifos X if…
Mifos X suits financial institutions that need core banking functions for clients, loans, savings, and related services. Its intended users include banks, credit unions, SACCOs, cooperatives, microfinance institutions, savings groups, peer-to-peer lenders, and asset financers.