finova extends partnership with Hexaware

Hexaware becomes first independent implementation partner of finova’s mortgage origination and servicing platforms

finova extends partnership with Hexaware

Mortgage software provider finova has announced a long-term partnership with Hexaware, a global technology and business process services company.

The collaboration, building on three years of successful joint efforts to support the UK mortgage market, solidifies Hexaware’s position as an independent implementation partner for finova’s loan origination and servicing platforms. Through the partnership, finova and Hexaware will pool their technological expertise to offer lenders and savings providers a range of solutions and services.

Moreover, the collaboration will grant clients access to a suite of accelerator-led ancillary services, including user acceptance testing, data migration, and integration. This aims to streamline clients’ efforts during the software delivery phase, optimising the value derived from investments in the finova platform.

The new partnership follows the launch of Optimo, finova’s new decisioning engine product, designed to empower lenders in managing product and pricing decisions autonomously.

“At finova, we have never shied away from trying new things and partnering with companies like Hexaware,” said Paraag Dave (pictured), executive chairman at finova. “We are a software business at our heart and finding strong implementation partners helps us deliver software to our customers quicker and with great quality.

“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.”

Parameshwaran Iyer, senior vice president at Hexaware, added that its 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,” he said. “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.”  

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