Finova, one of the UK’s leading providers of cloud-based mortgage, savings and lending software, has today announced a new partnership with Covecta, a UK-based AI company that builds configurable agents and workflows to automate activities for financial institutions.
Finova will integrate Covecta’s advanced AI engine into its product suite, beginning with the introduction of new support agent capabilities across Finova’s lending and broker platforms.
These enhancements will form part of Finova’s wider innovation roadmap to embed emerging technologies and help lenders, brokers, and financial institutions automate routine tasks, improve operational efficiency, and deliver better outcomes for their customers.
Covecta’s platform is purpose-built for banks, building societies, and specialist lenders. It combines enterprise search with specialised AI agents that complete tasks across the front, middle, and back office. The platform enables financial institutions to configure intelligent agents that can automate complex workflows, streamline due diligence, monitor portfolios in real time, and provide instant access to enterprise and market data.
By integrating Covecta’s Agentic AI capabilities, Finova customers will benefit from a more dynamic, responsive, and intelligent user experience - freeing teams to focus on high-value decisions and customer relationships.
This collaboration marks the latest milestone in Finova’s commitment to innovation across the UK mortgage and savings sector, following the company’s continued investment in automation, decisioning, and open ecosystem partnerships.
Rowan Clayton, Chief Product Officer at Finova, said:
“At Finova, we’re committed to helping lenders and brokers embrace emerging technologies in ways that drive tangible business value.
Our partnership with Covecta represents a major step forward in that journey — bringing next-generation AI capabilities directly into our platforms to support day-to-day operations, accelerate productivity, and enhance the customer experience.”
Scott Wilson, Founder and CEO at Covecta, added:
“Covecta was built to supercharge productivity in financial services by combining enterprise-grade AI with domain-specific expertise.
We’re thrilled to partner with Finova to bring our agentic AI to a broader ecosystem of lenders and brokers, enabling teams to automate the mundane, simplify the complex, and work with superhuman foresight.”
About Finova
Finova is one of the UK’s leading providers of cloud-based mortgage, savings and lending software. The provider supports over 60 banks, building societies, specialist lenders and equity release providers across the UK, along with a network of more than 2,400 brokers. Finova’s end-to-end digital solutions span mortgage origination, servicing, savings, and CRM software, offering agile, cloud-native solutions to lenders and brokerages of all sizes. In 2024, Bain Capital Tech Opportunities invested in Finova and acquired MSO, formerly part of Iress. Now operating as a single unified brand, Finova manages nearly £50 billion in loans and savings and supports the digital servicing of more than 650,000 UK borrower accounts.
About Covecta
Covecta is a London-based agentic platform serving financial services. The company builds AI agents and search over enterprise data to automate workflows across lending and banking teams. Covecta is backed by Salesforce Ventures.
