finova has announced that it has fully migrated its servicing proposition to the cloud using Microsoft Azure, as part of a move to enable faster deployments.

The mortgage and savings technology provider has a servicing proposition that helps financial institutions run an efficient back office by managing mortgages, equity release, specialist lending and savings products.

finova is the largest cloud-based mortgages and savings software provider in the UK, and supports over 60 lenders, 3,000 mortgage brokers and 200 financial institutions.

Now underpinned by Azure, finova suggested that its service has “improved scalability and resilience”. The new service includes more advanced security controls, a wide range of self-serve features as well as greater capacity for integration.

Furthermore, the new solution will have built-in protection measures, including integration to Microsoft’s Security Operations Centre (SOC) and Security Incident and Event Management (SIEM) platform, to provide a fully managed security framework. finova’s servicing proposition is also functional across all its lending and saving products and is integrated to its Apprivo2 core banking platform.

“The second generation of the finova servicing proposition will combine the latest cloud-first technology, enabling ease of scale and deployment,” commented finova commercial director, Chris Little.

“Sitting alongside finova’s cloud-based API Gateway and Apprivo2 originations platform, this will create one of the most powerful digital end-to-end banking platforms in the UK market.”

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