BankingBusiness

Finova: Acquires BEP Systems

Finova: Acquires BEP Systems

  • Finova stands for financial innovation. It is NBFC licensed by Reserve bank of India
  • BEP Systems is a specialist IT financial services business that has a focus on edge technology within web and mobile
  • Acquires BEP, the market-leading provider of cloud-based mortgage and savings software in the UK
  • The company offers a suite of modern, cloud-based software, including Core Banking solutions trusted by over 60 financial institutions
  • Mortgage Broker Platform used by over 3,000 mortgage brokers to run their business, and a suite of industry connectivity solutions
  • Core Banking is rapidly shifting to the cloud and firms are demanding modern open architecture solutions
Previous article
Brightstar Resources: Completes $2.3m placement
Next article
Hampshire Trust Bank: Acquire Wesleyan Bank
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

New York State Mandates Stores to Accept Cash Payments

New legislation aims to protect cash transactions across the state.Highlights: New law requires New York stores to accept...
FinTech

PRA Issues £2 Million Penalty to Bank of London for Integrity Failures

Regulatory body penalizes the bank due to integrity shortcomings.Highlights: PRA fines Bank of London £2 million for integrity...
FinTech

HSBC Appoints First Chief AI Officer, Strengthening AI Leadership

The bank aims to enhance its AI strategy and innovation.Highlights: HSBC names its first Chief AI Officer to...
FinTech

Revolut Reports Surging Profits as Growth Accelerates

The financial technology firm sees significant profit increases in its latest report.Highlights: Revolut's profits surged significantly in the...