Finova and Escode launch Escrow as a Service

September 30, 2025

Finova, the UK’s largest cloud-based mortgage and savings software provider, has unveiled a strategic partnership with Escode, the software resilience specialist owned by NCC Group.

The collaboration will see Finova offer Escode’s Escrow as a Service (EaaS) to its mortgage and savings clients.

The EaaS solution is designed to help lenders maintain business continuity by enabling secure access, restoration, or rebuilding of critical applications in the event of an outage. It supports compliance with regulatory standards including PRA SS2/21 and aligns with the Microsoft Financial Services Addendum.

By combining expertise, the two firms are offering lenders a package that goes beyond standard resilience measures. The service provides secure storage and independent verification of source code and credentials for Finova’s cloud-hosted solutions. It also ensures a transparent, repeatable process for regulatory audits, helping financial institutions mitigate operational risk and avoid costly downtime.

Lenders can choose between two tailored service levels. Escrow Essentials delivers full EaaS access alongside architecture verification, annual code deposits, and hosting credential checks. For those seeking deeper safeguards, Escrow Premium adds source code and entry-level verification, plus frequent deposit updates tied to each new Finova product release.

Finova chief customer officer Richard Marsh said, “Operational resilience is an important pillar for any lender operating in today’s market. It is compliance, it is risk mitigation, and it can be the difference between a tarnished reputation and a good one. Partnering with a global leader in software resilience like Escode was an easy decision.

“EaaS will help our clients ensure their business-critical applications are safe and secure, allowing them to access, restore, or build their SaaS applications and data no matter what challenges arise. In short, Finova’s EaaS makes operational resilience and business continuity simple. We have already seen strong demand for this service, with immediate uptake at launch, and we look forward to deepening our partnership with Escode.”

Escode managing director Jayesh Patel said, “In an increasingly digitised world, lenders’ online banking platforms are becoming increasingly vulnerable to the growing range of cybersecurity threats that could put their operations at risk. By combining our EaaS solution with Finova’s deep market expertise, we’re equipping lenders with the tools they need to build resilience and protect their operations from evolving digital threats. It offers independent code and credentials verification, giving lenders the value of peace of mind. We look forward to working closely with Finova to support the sector’s continuity and compliance goals.”