Cloud-based mortgage and savings software provider, finova, has announced a long-term strategic partnership with Hexaware, a firm providing technology and business process services.

Following a three-year collaboration to support the UK mortgage market, the partnership cements Hexaware as an independent implementation partner of finova's loan origination and servicing platforms.

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

The new partnership follows the recent launch of finova’s new decisioning engine product, Optimo, which allows lenders to manage and self-serve product and pricing decisions, and finova Savings, its latest digital-first, end-to-end savings platform.

Executive chairman at finova, Paraag Dave, commented: “With over 60 lending institutions as customers, we know our strengths and what the market wants from a software perspective. Teaming up with Hexaware is simply the next stage of getting our market leading software to our customer base.

“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.”

Senior vice president at Hexaware, Parameshwaran Iyer, added: “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.”

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