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PRESS RELEASE
London, UK - November 23rd, 2023– Mast, the leading fintech in cloud-native mortgage origination software for the UK market, is pleased to announce its strategic partnership with Finastra, a global provider of financial software applications and marketplaces to over 8,000 institutions worldwide. Following the adoption of Mast and Finastra's solutions by the Melton Building Society, Mast is joining the Fusion Orbit partner program to better serve its clients.
This move enhances Mast's already robust offering with Finastra Essence's SaaS digital core banking capabilities, delivering a fully-integrated, end-to-end financial services infrastructure for lenders.
“Mast's dedication to streamlining mortgage origination aligns perfectly with Essence's broad, deep banking functionalities including retail and commercial products,” says Joy Abisaab, CEO at Mast. “Our partnership with Finastra marks a pivotal development in Mast's mission to offer lenders a world-class mortgage origination platform that adapts to changing market conditions and speeds up underwriting.”
The integration of Finastra Essence’s rich functionality and advanced technology with Mast promises lenders greater agility in product development and faster time-to-market, with the added advantage of reduced operational risk and lower total cost of ownership. Mortgage applications can be sent seamlessly to Finastra’s core banking platform, and applicant details retrieved by Mast for product transfers and remortgages. These enhancements come on the heels of Mast’s previous successes, including a significant increase in application-to-completion conversion rates.
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For further information, please contact:
Joy Joseph Abisaab
press@usemast.com
About Mast
Mast is a venture-backed fintech building cloud-native mortgage origination software to help lenders increase capacity, reduce costs and strengthen operational controls. Its products allow lenders to operate more efficiently, react faster to changing market conditions, and focus on offering the best service possible, transforming the buying journey for the borrower.
To keep up to date about Mast in the news and announcements, follow us on: LinkedIn.
For any further information please contact sales@usemast.com
About Finastra
Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-winning software solutions and services across Lending, Payments, Treasury & Capital Markets and Universal Banking (Retail, Digital and Commercial Banking) for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by over 8,000 institutions, including 45 of the world’s top 50 banks.
For more information, visit finastra.com.
