Finova, the UK’s largest cloud-based mortgage and savings software provider, has announced a partnership with Escode, part of NCC Group, to make Escrow as a Service (EaaS) available to financial services clients.
The collaboration is designed to help lenders meet regulatory expectations around operational resilience and protect their critical systems from disruption.
EaaS allows lenders to securely access, restore or rebuild essential business platforms if operations are interrupted.
The service supports compliance with Prudential Regulation Authority SS2/21 requirements on business continuity and third-party risk, while also aligning with the Microsoft FS Addendum framework.
It provides secure storage and independent verification of source code and credentials for Finova’s cloud-hosted solutions, with a demonstrable process for audit purposes.
Lenders can choose between two options: Escrow Essentials or Escrow Premium. The Essentials package provides full EaaS access, architecture verification, annual code deposit and hosting credential checks.
Premium includes these features plus source code and entry-level verification, alongside deposit updates linked to each Finova product release.
Richard Marsh (pictured), chief customer officer at Finova, 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.”
Jayesh Patel, managing director at Escode, part of NCC Group, added: “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.”
