In the UK's digital retail landscape, iVendi, a renowned digital retail solutions provider, has joined forces with Close Brothers Motor Finance. This partnership aims to simplify motor finance for both dealers and consumers. The companies are dedicated to making it more convenient for dealers to offer motor finance options, whether online or in the showroom.

Key Features and Benefits

iVendi will offer key motor finance tools through its Connected Retailing platform. These tools encompass a "plug-in" end-to-end, full showroom point-of-sale system and an online motor finance solution for dealer websites. Darren Sinclair, iVendi's CCO, emphasizes their efforts, stating, "For a few months, we've been collaborating with Close Brothers Motor Finance to find ways to work together. This pilot, part of a broader series of joint initiatives, is strategically designed to assist them in increasing vehicle and finance sales and helping with Consumer Duty compliance among their dealer partners." With this platform, dealers can create market-leading motor finance consumer journeys both online and in the showroom, while also simplifying administration.The iVendi platform is expected to bring significant advantages. It allows a pilot dealers group to enhance their operational processes and buyer experience while meeting the strict requirements of Consumer Duty regulations. John Cassidy, Close Brothers Motor Finance's sales managing director, praises the technology, saying, "The technology provided by iVendi is truly remarkable. It has the potential to drive a multitude of benefits among our pilot dealer partners in a highly compliant and consumer-centric manner."Recently, Tandem Motor Finance, a part of Tandem Bank, and iVendi collaborated to expand their dealer network. This move is set to increase Tandem's reach to "thousands" of car dealers and enhance the distribution of motor finance products.In conclusion, this collaboration between iVendi and Close Brothers Motor Finance holds great promise for the future of motor finance. It combines innovative technology with a focus on consumer needs, paving the way for improved processes and enhanced customer experiences.