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Finastra Divests Core Banking Unit to Focus on Payments and Lending
Finastra has sold its Universal Banking core banking software business to Pollen Street Capital, narrowing its focus to payments and lending solutions. Pollen Street gains a stronger foothold in the core banking software market, intensifying competition for legacy providers. Finastra’s move signals a strategic retreat from core banking, while Pollen Street plans to drive product innovation and delivery improvements for existing UB clients.