Finova, a leading UK provider of cloud-based mortgage, savings and lending software, has announced a strategic partnership with Covecta, a UK-based artificial intelligence company specialising in configurable AI agents and workflow automation for financial institutions.
Under the partnership, Finova will integrate Covecta’s advanced agentic AI engine into its product suite, starting with new support agent capabilities across Finova’s lending and broker platforms. The move is designed to help lenders and intermediaries streamline operations, reduce manual workloads and improve service delivery.
The new AI-powered functionality will form part of Finova’s broader innovation roadmap, which focuses on embedding emerging technologies across its platforms. By leveraging automation and intelligent decision support, Finova aims to enable lenders, brokers and financial institutions to improve operational efficiency while delivering better outcomes for customers.
Covecta’s platform has been built specifically for banks, building societies and specialist lenders. It combines enterprise search with specialised AI agents capable of executing tasks across the front, middle and back office. Financial institutions can configure these agents to automate complex workflows, support due diligence, monitor portfolios in real time and access enterprise and market data instantly.
Through the integration of Covecta’s agentic AI capabilities, Finova customers are expected to benefit from a more responsive and intelligent user experience, allowing teams to focus on higher-value decision-making and customer relationships.
The partnership represents the latest step in Finova’s ongoing investment in automation, decisioning and open ecosystem partnerships across the UK mortgage and savings sector.
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 Chief Executive Officer 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.”
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