UK’s Finova extends its partnership with Hexaware

By Delisha Fernandes

Finova, the UK’s largest cloud-based mortgage and savings software provider, has announced a long-term strategic partnership with Hexaware, a global technology and business process services company.

finova and Hexaware will collaborate across various solutions and services to bring the best of their technological capabilities to lenders and savings providers, combining finova’s product and industry knowledge with Hexaware’s delivery and systems integration excellence.

Paraag Dave, Executive Chairman at finova, said,” At finova, we have never shied away from trying new things and partnering with companies like Hexaware. We are a software business at our heart, and finding strong implementation partners helps us deliver software to our customers quickly and with great quality. Our three-year collaboration yielded some great returns, and we look forward to seeing through the next stage of this fruitful partnership to improve speed-to-market times and expand access to our services.”

Hexaware will now be the first independent implementation partner for finova’s loan origination and servicing platforms. The partnership aims to provide clients with a seamless service experience, benefiting from high-quality software delivery with access to an experienced systems integration and testing partner. It also will enhance quality, predictability, and accelerate time-to-market for all clients who implement finova’s platforms.

The new partnership follows the recent launch of Optimo, finova’s new decisioning engine product, which allows lenders to manage and self-serve product and pricing decisions, and finova Savings, its newest digital-first, end-to-end savings platform. Hexaware will enable finova’s clients to implement its core mortgage origination solutions and new products like Optimo and finova Savings with ease, meaning lenders and savings providers can efficiently implement and enjoy the full benefits of their products at speed.

Parameshwaran Iyer, Senior Vice President, Hexaware said, “Our partnership with finova represents an exciting opportunity to redefine the UK mortgage and savings landscape. Hexaware’s platform-centric approach and bespoke accelerators created around finova’s platform provide a comprehensive and integrated solution to our clients. We are delighted to have supported finova in its ongoing campaign to drive innovation and ramp up speed-to-market pipelines in the UK mortgage market. New products like Optimo and the finova Savings platform are blazing a trail in the industry, and we’re delighted that our team will continue to partner finova in fulfilling our client’s long-term goals.”