The firms say the ‘initial borrowing’ phase of the project is now live, with the rest of the program due to roll out later this year.    

The originations platform will help Aviva connect to a range of integration points across selected third parties.   

It will shortly be able to allow contract variations for new and existing customers, enabling Aviva to migrate its operations from its previous systems to the new platform.   

The software will also allow the financial services giant to access to a range of additional services, such as conveyancing, valuations, and payment processing.       

Finova chief revenue officer Chris Little says: “The first phase of the partnership has just gone live and will set a new benchmark in later-life lending, and we’re proud to see our technology help Aviva support this hugely important segment of the market.”  

Aviva equity release director Matthew McGill adds: “We’ve been delighted with Finova’s comprehensive understanding of the market we operate in and collaboration to build a market-leading platform fully integrated into Aviva and our wider technology partners.”  

“We’re looking forward to continuing this partnership as we adapt the platform over time and move closer to rolling out the end-to-end programme.”