Welcome to the VWFS Blog
  • Mar 1, 2021
  • 1 Minutes

Digital financing soloution powered by SCRIVE and ONFIDO debuts at VWFS

We are excited to announce that we have recently rolled out our next-generation digital financing solution to our UK retailer network. Working in partnership with Scrive’s electronic signature service and Onfido’s digital identity verification services, these products are seamlessly integrated into the new process, for signing finance agreements and verifying customer identity.

Upon signing a credit application, customers are able to prove their real identity by taking a photo of their ID and a selfie. Onfido first checks that the ID is genuine and not fraudulent, and then matches it to the user’s face. This ensures the person presenting the identity is its legitimate owner and is physically present. Scrive’s service then seamlessly allows signing parties to formalise documents on any device, in person or remotely, resulting in a legally-binding agreement supported by a world-class evidence log and protected against tampering using blockchain technology.

We are proud to be the first market where the new financing solution is being rolled out, and hope to add this to a number of new initiatives aimed at making our customers’ lives easier.

“Scrive and Onfido enable a fast, compliant and error-free financing process while providing a first-class customer experience for car buyers.”

Viktor Wrede, CEO at Scrive

Scrive and Onfido bring the experience and expertise we were looking for to provide a thoroughly modern, secure financing experience for our retailer partners and their customers. The response from our retailer network is very positive: a clear, easy to follow process that streamlines the purchase experience and expedites the pay-out time.

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