Finova, the UK’s premier cloud-based mortgage and savings software provider, has expanded its innovative technology suite with the introduction of ‘Finova Savings,’ a comprehensive digital-first, end-to-end savings platform.
The launch of ‘Finova Savings’ arrives amidst a pressing need for more competitive savings options, as traditional savings accounts offer diminishing returns. This solution by Finova is set to redefine how savings providers support their customers in an increasingly digital financial landscape.
With a legacy of supporting over 60 leading lenders and 3000 mortgage brokers, Finova stands as a pillar in the FinTech industry. Their solutions, recognized for fast implementation and flexible integration, serve a substantial network including 200 financial institutions.
‘Finova Savings’ is crafted to assist savings providers in delivering a seamless digital experience. The platform caters to a variety of savings products, enabling customers to manage their finances effectively through an intuitive portal and a dedicated mobile banking app.
This platform distinguishes itself by its rapid deployment capabilities, boasting an average four-month time-to-market. It incorporates cutting-edge features like biometric verification for KYC processes, Open Banking for swift transactions, and a robust CRM for customer correspondence.
Further distinguishing ‘Finova Savings’ is its future-proof design, ensuring compliance with evolving regulatory standards like BCOBS and FSCS, positioning savings providers to adapt quickly to market changes and regulatory demands.
Chris Little, Chief Revenue Officer at Finova, said, “Customers like seamless tech experiences, whether that’s making a contactless payment at the supermarket or tracking their physical well-being on a fitness tracker. It is therefore natural that they would expect the same from their online banking experiences and Finova Savings is designed to do just that.”
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