Posted by Mumbai: Global IT services provider Hexaware and finova, a UK-based cloud mortgage and savings software company have announced a strategic, long-term partnership. Following a three-year collaboration supporting the UK mortgage market, Hexaware will now be the first independent implementation partner for finova’s loan origination and servicing platforms.
Hexaware and finova will collaborate across various 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.
Hexaware and finova extend partnership
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 also will enhance quality, and 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, which allows lenders to manage and self-serve product and pricing decisions, 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.
“At finova, we have never shied away from trying new things and partnering with companies like Hexaware. We are a software business at our heart, and finding strong implementation partners helps us deliver software to our customers quickly and with great quality,” said Paraag Dave, finova’s Executive Chairman.
“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,” added Dave.
“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,” said Parameshwaran Iyer, SVP of Hexaware.