Finova, a provider of cloud-based mortgage, savings and lending software, has opened a new Manchester office which will see the creation of 50 jobs.

Over half of these positions have already been filled, with active recruitment underway to complete hiring over the coming months.

The move sees Finova challenge the common narrative around AI and employment, proving that AI can create jobs within a growing technology business as adoption of AI in financial services continues to expand.

The new hub at x+why, 100 Embankment Manchester will comprise developers and engineers focused on advancing Finova’s lending, broker and servicing platforms, alongside a commitment to apprenticeships to help develop the next generation of UK fintech talent.

The expansion follows sustained growth across Finova’s business, driven by continued demand from UK lenders and brokers and ongoing investment in its AI-enabled platform. The company serves over 60 financial institutions, manages nearly £50bn in loans and savings, and powers one in five UK mortgages.