Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Finova Acquires AI Intermediary Tech Firm Cubit Labs

Finova, a cloud-based mortgage, savings, and lending software provider, has acquired Cubit Labs, an artificial intelligence (AI) technology company specialising in intermediary workflows and compliance. The acquisition aims to create a more intelligent and connected lending ecosystem by integrating AI-driven automation and data solutions.

Finova stated that the future of lending will be shaped by intelligent automation, richer data, and a more connected experience that reduces friction for all participants. The company said its acquisition of Cubit Labs will help move brokers and lenders away from fragmented, legacy administrative systems.

Cubit Labs has developed AI-native capabilities designed to support mortgage advisers, automate manual processes, and improve the flow of information between brokers and lenders. According to Finova, these capabilities are intended to make the lending process smarter, faster, and more efficient.

The acquisition is positioned as a step towards fundamentally improving how lending works for lenders, brokers, and customers. Finova highlighted the importance of brokers in the UK lending market and emphasised that technology should help them spend more time advising customers and less time on administration.

For UK letting agents and inventory clerks, the move signals ongoing changes in the property technology landscape, with increased focus on automation and streamlined workflows in the mortgage and lending sectors.