UK-based used auto finance platform Evolution Funding has integrated its soft search pre-eligibility checking and ‘quote and propose’ solution with Automotive Compliance’s enhanced regulatory platform. 

This integration marks a significant step forward in automotive finance compliance. 

It aims to provide dealerships with a unified system that streamlines customer experiences while adhering to the required consumer duty obligations. 

Automotive Compliance, a principal company regulated and authorised by the UK Financial Conduct Authority (FCA), will embed Evolution Funding’s next-generation solutions into its existing system and compliance module. 

This will allow dealerships to avoid repetitive data entry tasks, reduce administrative burdens, and ensure compliant customer interactions across all the stages of the finance process. 

The enhanced platform focuses on delivering more efficient processes, cutting down on time-consuming activities, and increasing finance penetration by simplifying the customer’s purchase journey.  

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It also presents tailored finance quotes based on individual credit profiles and directs customers to the most suitable lender for their financial situation, promoting positive consumer outcomes. 

Furthermore, the system is designed to improve partnerships with lenders by improving the quality of finance applications through the integration of lender-specific criteria. This ensures that each application is matched with the lender’s requirements. 

Automotive Compliance national sales director Phil Harding said: “The integration represents a significant step in enhancing efficiency and compliance within the automotive finance sector. Our goal is to provide dealerships with the tools they need to streamline processes while maintaining regulatory standards and delivering good customer outcomes.” 

Evolution Funding Sales (New Business) head David Bamforth added: “At Evolution, it’s ingrained in our ethos, making this integration a natural fit. By aligning our offerings, we are advancing industry standards and ensuring seamless experiences for our dealers and their customers.” 

Last month, Evolution Funding announced the acquisition of motor finance broker Creditas Financial Solutions to expand dealer access to its finance platform and lender panel.