Case Study: MotoNovo Finance achieves faster, fully digital auto finance agreements with OneSpan

MotoNovo Finance automates 40% of new business with OneSpan

MotoNovo Finance, a UK-based auto finance company, faced a challenge with its slow, manual, and paper-based customer agreement process. This process frustrated dealers and customers, created inconsistencies, and was a barrier to the company's growth. To address this, MotoNovo partnered with vendor OneSpan to implement its Agreement Automation solution, which integrated digital identity verification and electronic signatures.

By implementing OneSpan's solution, MotoNovo fully digitized its finance agreement process. This included automated identity checks and e-signatures, which improved security, compliance, and the customer experience. The results were significant: 80% of agreements are now electronically signed, 75% benefit from automated decisioning, and approximately 40% of new business is fully automated. Furthermore, OneSpan's technology enabled MotoNovo to accelerate dealer payouts to instant, providing a key advantage over competitors.

MotoNovo Finance