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It’s safe to say that the last year has come with its fair share of challenges.

Finova, the UK's largest cloud-based mortgage and savings software provider, today announced that its Apprivo² core banking originations platform has been chosen by Aviva to power its equity release business.

Today marks the implementation of the most substantial regulatory overhaul of retail financial services in two decades.

The commitment was introduced by the lender to offer intermediaries additional time and certainty to convert DIP’s into FMA’s in such a volatile product arena.

For lenders, having a strong plan to retain customers is vital.

After a slow start, the appetite for Open Banking has begun to climb, driven in part by the pandemic and, more recently, the cost-of-living crisis.

Through this partnership, Finova will support Leeds Building Society’s entry into the Ltd Co.

After a slow start, the appetite for Open Banking has begun to climb, driven in part by the pandemic and, more recently, the cost-of-living crisis.

Finova’s lender panel currently offers both standard mortgage products and a range of other secured lending options, including buy-to-let, second charge, commercial and development, and equity release.

The volatile economy continues to significantly impact the mortgage market.