Finova has launched a new partnership with the UK-based AI company, Covecta.

Through the partnership, the cloud-based mortgage provider will integrate Covecta’s advanced AI engine into its product suite, beginning with the introduction of new support agent capabilities across Finova’s lending and broker platforms.

The enhancements are set to form part of Finova’s wider innovation roadmap to embed emerging technologies and help lenders, brokers and financial institutions automate routine tasks, improve operational efficiency and deliver better outcomes for their customers.

Covecta’s platform is purpose-built for banks, building societies and specialist lenders, combining enterprise search with specialised AI agents that complete tasks across the front, middle and back office.

The platform enables financial institutions to configure intelligent agents that can automate complex workflows, streamline due diligence, monitor portfolios in real time, and provide instant access to enterprise and market data.

Chief product officer at Finova, Rowan Clayton, said: "We’re committed to helping lenders and brokers embrace emerging technologies in ways that drive tangible business value.

"Our partnership with Covecta represents a major step forward in that journey - bringing next-generation AI capabilities directly into our platforms to support day-to-day operations, accelerate productivity, and enhance the customer experience."

Founder and chief executive officer at Covecta, Scott Wilson, added: "We’re thrilled to partner with Finova to bring our agentic AI to a broader ecosystem of lenders and brokers, enabling teams to automate the mundane, simplify the complex, and work with superhuman foresight."

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