Hexaware, a significant player in IT services, has recently revealed a robust, enduring collaboration with finova, a distinguished cloud-based mortgage and savings software entity. According to an official announcement, Hexaware is positioned as the primary independent implementation partner for finova’s loan origination and servicing platforms.

This strategic partnership aims to leverage synergies between the two entities, combining finova’s extensive product and industry expertise with Hexaware’s proficiency in delivery and systems integration. The ultimate objective is to provide clients with an enhanced service experience, delivering superior software while offering access to a dependable systems integration and testing partner.

The alliance is expected to bring forth various advantages, including improved quality, predictability, and an expedited time-to-market for clients implementing finova’s platforms. Additionally, it will facilitate access to accelerator-led ancillary services like user acceptance testing, data migration, and integration, reducing client efforts during the software delivery phase.

Parameshwaran Iyer, Senior Vice-President at Hexaware, expressed enthusiasm about the partnership's potential to reshape the UK mortgage and savings landscape. He emphasized their dedication to supporting finova in innovation and accelerating speed-to-market pipelines in the UK mortgage sector. Iyer highlighted specific products like Optimo and the finova Savings platform, poised to make significant strides in the industry. The Hexaware team looks forward to sustaining this collaboration, actively contributing to realizing their clients' long-term objectives.

The collaboration between Hexaware and finova signifies a strategic move within the IT services and financial technology sectors. By positioning itself as the primary independent implementation partner for finova’s platforms, Hexaware aims to tap into the growing demand for advanced solutions in the mortgage and savings software domain. This move reflects a proactive approach by both companies to capitalize on each other's strengths and create a holistic offering for clients.

The amalgamation of finova’s product and industry knowledge with Hexaware’s proficiency in delivery and systems integration points towards a comprehensive service model. This synergy not only enhances the overall service experience for clients but also addresses the increasing complexity of the financial technology landscape. The collaboration’s focus on quality improvement, predictability, and accelerated time-to-market positions it as a strategic initiative to stay competitive in the rapidly evolving market.