Finastra sells UB core banking software unit to Pollen Street Capital

## /retail banking News and resources on retail banking, consumer finance and reinventing customer experience in finance. #### Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. # Finastra sells UB core banking software unit to Pollen Street Capital Finastra has sold its Universal Banking (UB) global core banking software business to UK-based private equity firm Pollen Street Capital. Financial terms of the deal were not disclosed. 2 Likes019 June 2026 [1 comment](https://www.finextra.com/newsarticle/47961/finastra-sells-ub-core-banking-software-unit-to-pollen-street-capital#comments) #### Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. UB provides core banking technology that supports account and deposit management, payments, lending, and treasury operations for retail, commercial, and corporate banks. It supports over 150 customers worldwide including global and regional financial institutions, digital banks, Islamic banks, and building societies across more than 100 countries. The deal is part of an ongoing strategy by [Finastra](https://www.finextra.com/company-news/1231/finastra) to realise the value of parts of its burgeoning product suite. The sale comes just a fortnight after it offloaded its [US mid-market core banking portfolio to Cora Group](https://www.finextra.com/newsarticle/47864/finastra-offloads-us-core-banking-suite), an operating group of Constellation Software. In May last year it [sold its Treasury and Capital Markets business unit to Apax Funds](https://www.finextra.com/newsarticle/46000/finastra-to-sell-treasury-and-capital-markets-business-to-apax-partners) for approximately $2 billion, handing over an existing client base of more than 340 financial institutions, including 70 of the world’s 100 largest banks. Chris Walters, COE, Finastra, says: “For Finastra, this allows us to sharpen our focus on payments and lending—areas where we see significant opportunities to grow and deliver even greater value for our customers.” Anastasia Kovaleva, partner, Pollen Street, adds: “UB is a high-quality business with a strong foundation, longstanding customer relationships, and a modern platform delivering tangible transformation outcomes.” **Want to hear more about financial crime prevention? Why not consider attending Finextra's NextGen FinCrime event in London on 8 July 2026. Find out more at [nextgenfincrime.com](https://www.nextgenfincrime.com/).** [Sponsored\\ \[Webinar\] From Copilot to Autopilot: Exploring Agentic AI's Impact on Treasury](https://www.finextra.com/banners/banner.aspx?opt=ad&baid=8099) 2 Likes ## Share ### Related Company [Finastra](https://www.finextra.com/company-news/1231/finastra) ### Channels [/cloud](https://www.finextra.com/channel/cloud) [/retail banking](https://www.finextra.com/channel/retail) [/payments](https://www.finextra.com/channel/payments) ### Keywords [cash management](https://www.finextra.com/keywords/cashmgt?news=selected) [core banking systems](https://www.finextra.com/keywords/corebank?news=selected) [mergers and acquisitions](https://www.finextra.com/keywords/mergers?news=selected) ## Comments: (1) [Awais Abbasi](https://www.finextra.com/community/profile.aspx?memberid=174558) Associate at Data Science Society 18 hours Interesting development. This transaction highlights the growing demand for modern core banking platforms and focused business strategies. 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