Your browser is not supported.

For the best experience, we recommend using an alternative browser.

The service is currently unavailable. Please try again later.

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

DIGITAL FINANCING SOLUTION 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.

Mike_3x2.png

Industry News

ACCELERATION OF AUTOMOTIVE DISRUPTION 

Our CEO, Mike Todd, believes the seismic impact of Covid-19 on the economy will speed up the disruption many expected in the automotive industry. In this blog, Mike discusses how the acceleration of change has resulted in consumers seeking out different financial offerings that must enable low carbon and flexible-ownership models. 

  • Aug 12, 2020
  • 3 Minutes
WC pic for linkedin videos edited v2.jpg

Industry News

WE ARE RECOGNISED AS A GREAT PLACE TO WORK IN WELLBEING INDEX
 

We have been officially recognised as a ‘Great Place to Work’ in the latest wellbeing index published by employee experience platform, Great Place to Work.   

  • Mar 3, 2021
  • 2 Minutes
VWFS UK Blog.png

Top-Topic

Industry News

VWFS NAMED ONE OF THE TOP 20 BEST PLACES TO WORK IN THE UK

Volkswagen Financial Services UK (VWFS) has been announced as one of the best places to work in the UK.

  • Apr 30, 2021
  • 2 Minutes