How smarter UX can shape the future of digital mortgage journeys
Simran Matharoo
October 30, 2024
finova savings
Savings for a digital world
We're revolutionising the savings industry with our digital-first, end-to-end savings solution.
Unlock efficiency. Boost loyalty. Stay competitive. Future-proof your business.
At finova, we're reshaping the savings industry with our cutting-edge, digital-first solution. Our end-to-end platform offers a seamless way for savings providers to thrive in a digital world.
Trusted by leading institutions:
OVERVIEW
A new way to look at savings
Experience a revolutionary approach to savings. With multi-channel customer products and industry-leading origination and servicing solutions, finova Savings provides savings providers with a complete, feature-rich solution. Our advanced technology seamlessly integrates with your existing ecosystem and scales effortlessly, helping you adapt to changing needs while reducing operational costs.
Benefits
Why choose finova Savings?
Drive efficiency and growth
Unlock operational efficiency, reduce risks and lower overheads, leading to increased profitability.
Boost customer retention
Prioritise customer needs to maturity, allowing customers to self-manage their maturity options.
Built to scale
Seamlessly integrate our modern tech stack with your business and scale effortlessly.
Future-proof your business
Stay ahead of regulatory changes with our proactive roadmap, adhering to BCOBS and FSCS guidelines.
OUR SOLUTION
Your complete digital savings solution
Our multi-channel digital solution serves both retail and commercial customers, featuring user-friendly customer portals and a native mobile app. Empower your customers to self-serve from initial application to maturity.
IMPLEMENTATION TIMELINE
From idea to reality in just 4 months
Ready to get ahead in the savings market? With finova Savings, you can go from concept to market leader in just 4 months. Our out-of-the-box solution, blending decades of industry expertise with cutting-edge technology, is designed for speed and success.
Products covered
Serve your current customers and reach new markets
finova Savings supports both retail and corporate customers across a range of savings products:
Online access accounts
Instant access & notice accounts
Bonus accounts
Cash ISAs
Bonds including fixed & flexible term
Tiered rate accounts
Variable rate accounts
Children’s savings accounts
Business savings accounts
INTUITIVE USER JOURNEYS
Provide your customers with a great savings experience
Account opening
Streamline the application process
Enable customers to apply via web, mobile app, branch, or phone with integrated KYC checks.
Customer onboarding
Quick and secure onboarding
Allow customers to complete KYC checks with biometric verification and add funds through Open Banking.
Account management
Empower customers with our mobile banking app
Offering 24/7 access to check balances, transfer funds, set savings goals and view documents securely.
Embrace the future and transform your savings business today.
Book a demo
Business Intelligence
Innovate with customer insight
finova Savings Data Warehouse provides live data feeds that integrate seamlessly with your reporting.
Create dynamic dashboards and analyse real-time data to enhance customer experience and drive product innovation.
Lending types
Our award-winning software covers all origination requirements for the widest selection of financial products including:
Residential
Residential mortgage
First time Buyer
Right to buy
Family assist
Shared ownership
Shared equity
Self-Build
Retirement Interest only
Buy to let
Residential buy to let
Limited company buy to let
Consumer buy to let
First time landlord
Expat
Let to buy
Specialist
Bridging
Property Development
Semi Commercial securities
Sharia Law
Find out how you can quickly expand your product offering with Apprivo2
Talk to our teamBorn in the cloud
The UK's leading cloud-first savings solution
Save on costs
No expensive installations or ongoing management costs. Pay only for the resources you use.
No expensive installations or ongoing management costs. Pay only for the resources you use.
Scale your business
Rapidly scale to meet business demands without investing in physical infrastructure.
Rapidly scale to meet business demands without investing in physical infrastructure.
Keep data secure
Stay up to date with the latest security features and enjoy a 99.99% uptime guaranteed.
Stay up to date with the latest security features and enjoy a 99.99% uptime guaranteed.
Open Architecture
Designed to fit into your business
finova’s Core Banking Platform is built to simplify connections to third-party software and your existing technologies. Our open architecture ensures seamless integration with your systems and services.
What our clients say
"We chose finova because they offered us a pathway to seize more opportunities in the digital realm. Their constant change and development approach resonated with our need for innovation and growth."
“finova don’t just promise, they deliver. Their offerings, from developing our first mobile app to our maturity manager and our retention portal, have transformed our business. With finova by our side, the future is looking brighter than ever."
Trevor Tannenbaum Head of IT & Change
Cambridge Building Society
FAQ
Frequently asked questions
What savings products does your solution support?
finova Savings supports a wide range of savings products for both retail and business customers. This includes:
• Online access accounts
• Instant access & notice accounts
• Bonus accounts
• Cash ISAs
• Bonds including fixed & flexible terms
• Tiered rate accounts
• Variable rate accounts
• Children's savings accounts
• Business savings accounts
How long does implementation take?
finova Savings is designed for speed to market - implementation of our out-of-the-box solution can take as little as 4 months.
Does your solution support eBanking?
Yes, our solution includes a user-friendly mobile app to allow customers to view accounts, see repayment schedules and amend any direct debits.
Does finova Savings support branch operations?
Yes, our all-in-one branch teller processing solution covers branch and till management, cash allocation, passbook printing and receipt printing. Plus, it keeps a complete record of all actions for audit purposes.
Does finova Savings support single sign-on (SSO)?
Yes, our solution fully supports single sign-on to allow users access to the various applications within finova Savings with a single set of login credentials.
Will I get access to reporting?
Absolutely. With the finova Savings Data Warehouse, you'll have the power to create dynamic dashboards and analyse real-time data. You can generate daily and monthly reports and leverage these valuable insights to drive innovation in your product offering, enhance the customer experience and fuel your business growth.
Will I get support to migrate from any existing systems?
Yes, you can count on us to provide expert support for migrating from any existing systems to our solution. With years of invaluable experience in the mortgage and savings industry, we understand the complexities of transitioning from legacy systems, and our team is here to ensure a seamless and successful migration.
John Tilzey
Sales Director
Your business partner
John Tilzey
As Sales Director at finova, John Tilzey is responsible for driving new sales and overseeing existing account management. With a proven track record of collaborating with internal teams to align finova's focus with our diverse client base, John brings invaluable expertise to the team from his previous experience serving both tier 1 banks and startups.
With over 25 years of experience in the payment and mortgage industry, John brings a wealth of experience and an unwavering belief in technology's power to drive operational excellence.
Embrace the future and transform your savings business today.
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