Key Group extends partnership with Finova
Under the new agreement, Finova will continue to support the delivery of lifetime mortgage products through Key Group’s more2life brand.
Key Group has agreed a five-year extension to its partnership with Finova, a provider of cloud-based mortgage, savings and lending software.
Under the new agreement, Finova will continue to support the delivery of lifetime mortgage products through Key Group’s more2life brand.
Key Group will move to Finova’s updated lending technology, which aims to speed up product and pricing changes, improve security, and help keep costs down.
The partnership includes the use of Finova’s agile pricing engine, which will help more2life respond quickly to changes in the market and adviser needs.
Finova will fully host the service, providing security features such as SOC and SIEM services, enhanced escrow, data protection and regulatory assurance.
Ben Waugh, managing director of more2life, said: “This contract extension reflects the strength of our partnership with Finova and our shared focus on innovation in later life lending.
“Moving to Finova’s latest technology enhances our technology in key areas, particularly with regards to the security of our systems and our ability to act quickly when it comes to product price and criteria changes.
“As the technology that supports more2life’s fastpath adviser-focused proposition – allowing automated and digital processes on all client cases – this move enables us to continue providing everything advisers need in this area, and ensuring we offer market-leading lifetime mortgage products that satisfy customer needs.”
John Tilzey, sales director at Finova, said: “Key Group has been a long-standing and highly valued partner for many years.
“This five-year extension is a testament to their confidence in Finova’s technology and our ability to support complex, specialist lending at scale.
“We’re excited to start this next chapter together and to see Key Group lead the next wave of innovation in later life lending, supported by our lending and pricing capabilities as a strong platform for growth.”
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