Case Study: Belize Bank achieves core banking modernization and rapid growth with Finastra's Fusion Essence

Belize Bank targets fresh growth in core banking

Belize Bank, one of the largest banks in Belize with 300+ employees and over BZD $1 billion in assets, needed to modernize its legacy core to support a "Mobile First" strategy and an acquisition of the former Scotiabank (Belize) Limited. The bank sought greater flexibility, faster time-to-market for digital products, improved regulatory reporting and more reliable operations, so it partnered with Finastra and selected the Fusion Essence core banking solution.

Finastra implemented Fusion Essence to replace the legacy core, enabling faster and more stable end-of-day processing, the launch of mobile banking, flexible API connectivity for new services and easier regulatory reporting. With Finastra’s ongoing support and a structured implementation methodology, Belize Bank has already realized operational improvements, is preparing an under‑12‑month core migration for the Scotiabank portfolio, and is targeting an operational efficiency ratio of 55%.

Belize Bank

Jose Cardona

Chief Operating Officer