Tandem Motor Finance, part of Tandem Bank, has collaborated with iVendi, a UK-based digital retail solutions provider, to expand its dealer network.
The move is set to broaden Tandem’s reach to ‘thousands’ of car dealers and enhance the distribution of motor finance products.
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iVendi CEO James Tew said: added: “Our new platform is an ideal springboard for a business in their stage of development and should help them to place their proposition in front of potentially thousands more dealers than they would otherwise reach. It is an exciting moment.”
The alliance offers a new platform to simplify the distribution of motor finance across vehicle retailers.
This platform allows easy handling of quotations and applications for both online and showroom purchases, while ensuring compliance.
Tandem motor finance division sales director Dave Anderson said: “This is an exciting development for us, which will help extend our market reach and ensure more dealers become aware of our fresh thinking approach to a rapidly changing motor finance market.
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By GlobalData“Embracing their latest digital innovation is a step that will help us collaborate closely with more dealers, helping them to offer their customers seamless, tailored finance journeys and create positive outcomes for their customers and themselves.”
Anderson added: “Our collaboration with iVendi is all about providing a new level of agility and speed for dealer finance. It will enable dealers to delight their customers and support their compliance requirements.”
Earlier this year, iVendi unveiled WebShop technology to dealers in Germany, collaborating with Bank Deutsches Kraftfahrzeuggewerbe (BDK) as its motor finance partner.
The WebShop solution, an off-the-shelf e-commerce platform, is designed to offer seamless integration into dealer websites, aligning with their specific processes and branding.
Using iVendi’s Connected Retailing platform, the solution provides a holistic customer journey, spanning from the initial vehicle search to the final sale, both online and in-showroom.
