Cloud-based mortgage and savings software provider Finova has appointed Hexaware as first independent implementation partner of its loan origination and servicing platforms.
Hexaware, a global technology and business process services company, has worked with Finova for three years.
The partnership aims to provide clients with a seamless service experience, benefiting from high-quality software delivery with access to an experienced systems integration and testing partner.
It will enhance quality, predictability and accelerate time-to-market for all clients who implement Finova’s platforms.
It will also open access to a full range of accelerator-led ancillary services such as user acceptance testing, data migration and integration, to reduce clients’ efforts within the software delivery phase and enjoy the most value possible from their investments in the Finova platform.
The new partnership follows the recent launch of Optimo, Finova’s new decisioning engine product, and Finova Savings, its newest digital-first end-to-end savings platform.
Hexaware will enable Finova’s clients to implement its core mortgage origination solutions and new products like Optimo and finova Savings with ease, meaning lenders and savings providers can efficiently implement and enjoy the full benefits of their products at speed.
The firms said they will collaborate across a range of solutions and services to bring the best of their technological capabilities to lenders and savings providers.
They will combine Finova’s product and industry knowledge with Hexaware’s delivery and systems integration excellence.
Finova executive chairman Paraag Dave said: “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.”
Hexaware senior vice president Parameshwaran Iyer added: “Our 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.”
