Finova Launches New Tech Hub Creating 50+ Roles
UK-based mortgage and lending software provider Finova has opened a new office in Manchester, creating over 50 jobs. The expansion challenges the narrative that AI adoption leads to job losses, demonstrating how technology investment can fuel business growth and create employment opportunities.
The new hub at x+why, 100 Embankment Manchester, will primarily house developers and engineers focused on advancing Finova’s platforms. The company is committed to offering apprenticeships to develop the next generation of UK fintech talent.
Rapid Growth Driven by AI
Finova’s expansion follows sustained growth in demand for its cloud-based solutions across the financial sector. Currently, the company:
- Serves over 60 financial institutions
- Manages nearly £50 billion in loans and savings
- Powers one in five UK mortgages
The company’s proprietary AI capabilities—including Broker Assist, a conversational agent that streamlines the mortgage process—have been key drivers of this momentum. According to CEO Gareth Richardson, “We’re seeing the opposite effect from what many expect with AI investments. Our technology is creating real commercial growth that enables us to expand our team.”
With 30 years in business and over 500 employees across London, Cheltenham, and India, Finova views its Manchester hub as a strategic investment in UK talent and technological innovation.