Finova has announced the extension of its partnership with the Cambridge Building Society until October 2030.

Since partnering with finova, the Cambridge has been able to provide its customers with a range of new products, including new broker and consumer mortgage retention solutions. It has also incorporated finova’s latest eBanking and mobile journeys, enabling customers to track and manage their own applications. This extension allows The Cambridge the time to strategically assess and plan for the latest Apprivo SaaS technologies on offer from finova for future originations.

Following its latest integration, the lender can now leverage finova’s hosted offering, including advanced CSOC security tooling and a low-latency branch connectivity solution.

Over the next six years, the Cambridge will expand on these capabilities by entering a long-term partnership with finova and harness its full technology stack. The Cambridge will evolve its business by drawing on finova’s ecosystem of SaaS cloud-based solutions, integrating finova’s technology in accordance with its business objectives. As part of the partnership, the Cambridge will also adopt the Azure Sentinel CSOC and SIEM security solutions in collaboration with finova and its Crest Accredited security partner.

Richard Marsh, chief operating officer at finova, said: “Our collaboration and long-term strategic partnership with the Cambridge marks a significant milestone in our efforts to offer state-of-the-art technology solutions while enhancing customer-centric services within the building society sector at the same time.

“We are dedicated in our commitment to delivering exceptional service and products to our valued customers, and are excited that an even larger segment of The Cambridge’s customer base will now have the opportunity to access and benefit from our tailored solutions in the years to come.”

Lucy Crumplin, chief operating officer at the Cambridge Building Society, added: “Finova understand the importance we place on customer-service and have similar values – this played a key role in our decision to extend our partnership with them. We’ve been impressed by the progress and breadth of finova’s offering and we’re looking forward to collaborating further to keep building the agility of our systems and enhancing the customer experience.”