Solutions / Car finance brokers
Support pre-qualification with better data. Improve conversion efficiency
Valid8 helps car finance brokers streamline onboarding, verify customers faster and support the identification of potentially eligible applicants earlier using credit reference data, real-time affordability insights and AML screening tools, supporting informed decision-making.
The problem
Car finance brokers often lose time processing incomplete applications, manually reviewing documents and chasing customers who may not meet lender criteria.
The solution
Valid8 simplifies the process by combining affordability insights, identity verification, Open Banking, credit reference data and vehicle intelligence into a single streamlined solution.
Capabilities
Pre-qualify customers before full lender submission
01Verify identity, AML and affordability in one journey
02Reduce failed or declined finance applications
03Access real-time income and expenditure insights
04Retrieve credit reference data
05Identify vehicle finance and ownership information
06Improve onboarding speed and customer experience
07Reduce fraud and manual administration
08Using secure Open Banking connectivity, biometric ID verification and affordability tools including Experian Auto Engage+, Valid8 helps brokers focus on customers most likely to convert while supporting compliant and responsible lending journeys.