86% of people in the UK buy their car on finance, yet the notion of a bubble payment and the myth that a car you pay for monthly is yours meant the car finance industry was ready for disruption. In fact, people in the UK would rather go to the dentist than a car dealer. The simple reason: most people hate the showroom antics of sales people - endless paperwork and painful negotiation. Financing a car is just so slow, and yet you can open a Monzo bank account in minutes. |
There has to be a better way.
Santander partner with brands big and small to power car finance - and they wanted to create a proof of concept for 24/7 automated car credit decisioning that gave consumers and the dealer more control. And time back. We created in 6-weeks an AI-powered, secure end-to-end mobile app & data solution. It made the process of finding a car, financing a car through to final decisioning a 3-minute breeze. From scanning a car registration plate, to clear fuel efficiency and cost of ownership, to credit scoring and a decision you could e-sign for, we leveraged and enriched over 20 data sources and combined them intelligently to make buying a car as easy as snapping your fingers. The flow would even let users book a car to be delivered and set up your MOT reminders -- so you had a reason to stay engaged for the long term. |