Latest news with #FinovaLending
Finextra
15-05-2025
- Business
- Finextra
Aldermore selects Finova lending origination platform
Finova, the UK's largest cloud-based mortgage and savings software provider, has today announced a new and extensive partnership with specialist lender Aldermore. 0 Aldermore is a long-standing customer of Finova, first partnering with the provider in 2016. Following a comprehensive market review, Finova delivered a series of successful pilot projects with its lending platform, formerly known as Apprivo. Building on this success, Aldermore has chosen to extend this relationship across both origination and servicing - covering key areas of its mortgage business, including specialist buy-to-let, commercial real estate, and residential lending. The expanded five-year partnership is built on a shared commitment to cloud-native technology and agile delivery. By adopting a more flexible, iterative approach to development, both organisations aim to accelerate innovation and ensure the platform continues to evolve in line with Aldermore's strategic goals. For mortgage originations, Aldermore will adopt Finova Lending - a SaaS-based origination platform helping to streamline the time to offer and improve operational efficiencies. Aldermore will benefit from a number of key features including advanced decisioning tools, its task automation module 'Enhanced Tasks' and post-contract variation capabilities - such as product switches and further advances. In addition, Finova Lending's self-serve features will enable Aldermore to make rapid in-house changes to products and pricing, driving operational agility and enabling faster responses to market volatility. Aldermore also cited Finova Lending's composable architecture as a major factor in its decision. The platform's modular design allows for either a fully orchestrated end-to-end solution or a headless setup that integrates into Aldermore's own existing composable tech stack. For mortgage servicing, Aldermore is already benefiting from the successful upgrade and migration of its servicing solution to Microsoft Azure. Finova has significant expertise in managing complex Azure workloads, with most of its client base already operating in Azure as a managed service. By joining this hosted environment, Aldermore will benefit from containerised infrastructure, Security Operations Centre (SOC) and Security Information and Event Management (SIEM) capabilities, live operational data feeds, and other Azure-native services. Richard Marsh, Chief Operating Officer at Finova said: 'We are delighted to extend the partnership with Aldermore. It's an extensive partnership covering origination for a range of mortgage products, wholly powered by Finova Lending and an upgrade and cloud migration of our servicing solution. Together, Finova and Aldermore are building a robust platform to meet Aldermore's ambitious targets for UK specialist lending, and I am looking forward to building on the initial success of this relationship over the coming years. Ross Dalzell, Managing Director of Property at Aldermore, added: 'As a lender, we faced the decision of whether to build in-house or invest in a third-party solution. Finova Lending gives us the best of both worlds—a fully deployed solution with the flexibility to build on top of it, thanks to the platform's composable architecture. It's the right fit for our strategy, and we're excited to go live with buy-to-let as the first step in this journey.'
Finextra
08-05-2025
- Business
- Finextra
Finova and Castle Trust Bank team on broker portal
Finova, the UK's largest cloud-based mortgage and savings software provider, has today announced the successful delivery of a new upgraded application and processing platform built for brokers for Castle Trust Bank. 0 PULSE, which stands for Providing Unbeatable Lending Service Every time, has been built with Finova's origination platform, Finova Lending. It gives brokers the ability to obtain multiple and bespoke quotes on the same case, as well as instant pricing, terms and credit-backed DIP decisions. Designed to meet the individual needs of lenders, Finova Lending is a fully API-driven 'cloud-first' SaaS banking origination platform. It is unique in that it allows Castle Trust Bank to troubleshoot issues in-house, offering self-sufficiency, flexibility and faster response times. Finova Lending's customisable interface enables Castle Trust Bank to add a range of modules to the tool as needed, offering even more flexibility in how the product is used and deployed in the future. The new product will also allow Castle Trust Bank to handle higher application volumes, offer greater efficiencies for its lending, and provide its team with real-time business insights for better transparency. Richard Marsh, Chief Operating Officer from Finova said: 'We're thrilled to continue our journey with Castle Trust Bank, a frontrunner in flexible lending solutions. Our award-winning customisable Finova Lending software is primed to support its lending offering and allow Castle Trust to continue its growth trajectory and maximise efficiencies. We have already seen great success with Castle Trust's integration of our platforms and are confident that this new partnership will only strengthen our collaboration. 'We have built Finova Lending to improve speed to market, allowing lenders to scale their businesses and manage their own product changes quickly and independently. We're proud to report that we already have 24 clients currently using this product.' Anna Lewis, Commercial Director at Castle Trust Bank, said: 'At Castle Trust Bank, we are continually striving for ways to enhance our award-winning bridging proposition, and the launch of PULSE is a big step forward in the experience we deliver for brokers. The new platform offers a slick user journey, only asking pertinent questions and enabling brokers to obtain multiple quotes on the same case. It also delivers instant pricing, immediate terms, and instant credit-backed DIP decisions. 'I really believe that the launch of PULSE, combined with our innovative product range, is going to be a game-changing moment for any brokers involved in bridging lending.'
