Finova Anti-Slavery and Human Trafficking Statement

This statement sets out the steps Finova has taken to prevent modern slavery and human trafficking occurring within any part of its business and supply chains. This statement is published in line with section 54(1) of the Modern Slavery Act 2015 for the financial year ended 30 June 2023.

About Finova

Finova is the UK’s largest cloud-based mortgages and savings software provider, supporting over 60 leading lenders, 3000 mortgage brokers and 200 financial institutions. The suite of award-winning software includes a Core Banking Platform, Broker Platform and Finova Connect, a range of solutions that connect lenders, intermediaries and consumers.

UK is the main centre of operations with offices in Poland and India.

Finova’s commitment to the principles of the Modern Slavery Act 2015

Finova are committed to the principles of the Modern Slavery Act 2015 and the abolition of modern slavery and human trafficking.

We strive to act transparently, ethically and with integrity in all business relationships and to ensure slavery and human trafficking is not taking place anywhere within our business or supply chain.

Our recruitment and people management processes are designed to ensure that all prospective colleagues are legally entitled to work in the country they work with us in and to safeguard colleagues from any abuse or coercion.

We do not enter into business with any organisation, in the UK or abroad, which knowingly supports or is found to be involved in slavery, servitude and forced or compulsory labour including child labour.

Our supply chain

Due to the nature of our business operations, we assess ourselves to have a low risk of modern slavery in our business and supply chains.

As a medium sized business, our supply chains are relatively limited.

We operate a risk management process to review our suppliers on a regular basis, including reviews to flag any issues, operational or regulatory. This process provides us with confidence that there are no slavery or human trafficking taking place in any part of our business or in our supply chain. In addition, all of our approved suppliers are expected to adhere to our Supplier Code of Conduct, which requires suppliers to at all times comply with the provisions of the Modern Slavery Act 2015 and includes an obligation that our suppliers and their subcontractors will employ a zero tolerance policy to forced or slave labour.

Training

We continue to provide awareness training to staff on the Modern Slavery Act 2015 and provide a safe space to report any suspected cases of slavery, human trafficking or other abusive behaviours.

We have no cause to suspect that Modern Slavery is currently present within our business or supply chain, nor any evidence that it has been present in the past.

This Anti-Slavery and Human Trafficking Statement has been formally approved by the Executive Committee on January 2024.