Finova has agreed a five-year contract extension with Key Group.
Finova will continue supporting the delivery of lifetime mortgage products through the more2life brand.
The extended agreement will see Key Group adopt Finova’s next-generation lending technology.
In addition, Key Group will implement Finova’s pricing engine to support more2life to meet evolving market conditions and address advisers’ needs. It will also help to launch new and enhanced lifetime mortgage products.
Finova’s service includes the latest security capabilities, including SOC and SIEM services, escrow arrangements, data protection and regulatory assurance.
More2life managing director Ben Waugh says: “This contract extension reflects the strength of our partnership with Finova and our shared focus on innovation in later life lending.”
“Moving to Finova’s latest technology enhances our technology in key areas, particularly with regards to the security of our systems and our ability to act quickly when it comes to product price and criteria changes.”
Finova sales director John Tilzey adds: “Key Group has been a long-standing and highly valued partner for many years. This five-year extension is a testament to their confidence in Finova’s technology and our ability to support complex, specialist lending at scale.”
