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The latest news from iVendi and the industry

News

The latest news from iVendi and the industry

BNP Paribas and iVendi develop innovative motor finance solution

Mon, 07/01/2019

Ivendo -proudtobeworkingwith -bnp -paribas -blog

iVendi has collaborated with BNP Paribas Personal Finance UK to offer an innovative new motor
finance platform to UK car dealers.

It will be used to offer a wide range of products including hire purchase, personal loans, stock
financing, personal contract purchase, personal contract hire and value-added products.

The platform has been created in support of the launch of BNP Paribas Personal Finance UK into the motor finance sector, said James Tew, CEO at iVendi

He explained: “The arrival of BNP Paribas marks one of the most important new entrants into the UK motor finance for some time. This is a huge organisation with massive resources and extensive experience within the new and used vehicle market.

“Making our platform available from launch illustrates the scale of ambition of the business,
providing a cutting edge digital solution and online motor finance technology from the outset.

“Dealers will be able to help customers identify the right product for them, assess key criteria such as product suitability and see the sale through to conclusion, all while being reassured of a high level of data security and support towards GDPR compliance.”

Andrew Brameld, Managing Director of Motor Finance at BNP Paribas Personal Finance UK added: “BNP Paribas is established globally as a significant provider in motor finance and we are now bringing that expertise to the UK market. Through engaging with experienced teams at iVendi we have pooled our collective capabilities to create a suite of products that will provide our partners with helpful and responsible finance solutions.

“This is a great opportunity to establish ourselves within the £32bn UK car finance sector and further grow BNP Paribas’ footprint within the automotive market.”

BNP Paribas Personal Finance is part of global bank, BNP Paribas, which has a wealth of motor
finance experience globally, and currently works with 1,800 dealers in over 11 countries, as well as partnering across a network of 16 manufacturers.

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