Finova, a leading UK provider of cloud-based mortgage, savings and lending software, has opened a new Manchester office, creating more than 50 roles as the company continues to expand its engineering capabilities.
More than half of the newly created positions have already been filled, with recruitment continuing to complete the remaining hires over the coming months. The hub, located at x+why, 100 Embankment Manchester, will house developers and engineers working across Finova’s lending, broker and servicing platforms. The company has also committed to apprenticeship programmes aimed at nurturing the next generation of UK FinTech talent.
Finova has positioned the expansion as a direct challenge to the prevailing narrative around AI and job displacement, arguing that its investment in AI-enabled technology is generating commercial growth that, in turn, is driving headcount increases rather than reductions. The company’s AI suite includes Broker Assist, a conversational AI agent designed to streamline the mortgage process for lenders, brokers and customers by cutting manual workload and accelerating decision-making.
The Manchester opening follows a period of sustained business growth, underpinned by strong demand from UK lenders and brokers. Finova currently serves more than 60 financial institutions, administers close to £50bn in loans and savings, and is the technology behind one in five UK mortgages.
Finova, which marked its 30th anniversary this year, employs more than 500 people across offices in London, Cheltenham and India. The new Manchester hub represents the next stage of the company’s growth strategy, with a focus on strengthening its engineering function and supporting continued platform development.
Finova CEO Gareth Richardson said, “There’s a common assumption that investment in AI leads to fewer jobs. At Finova, we’re seeing the opposite. Our AI capabilities are driving real commercial growth, and that growth is what’s enabling us to invest in new talent and technology. We’re a UK business, built for UK lenders, brokers, borrowers and savers, and we place great emphasis on investing in the incredible pool of talent right here in the UK.”
Richardson adds, “Manchester is a city with a strong technology ecosystem and real ambition. We want to play a role in shaping what an AI-driven financial services company looks like in the UK — one that grows its technology and its people at the same time.”
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