RCI Banque Revolutionizes UK Auto Financing with AU10TIX Technology Backed 20-Minute Car Loan Approval and Payout

Share Article

RCI Financial Services announced a revolutionary, AU10TIX technology backed, dealer system that enables paperless customer authentication, approval and payout in 20 minutes instead of typical market standard of hours or even days. The “RCI Direct” system will enable UK’s Renault, Dacia Nissan and Infiniti dealers to increase customer acquisition success rates, reduce operating costs, combat fraud more efficiently and meet KYC regulations, whilst improving customer satisfaction and advocacy.

News Image
This is a game changer... Once RCI dealers have submitted the payout request they could be showing their customer around the new car or going through their paperwork... they will receive confirmation before the customer leaves their showroom.

RCI Financial Services Ltd, the UK subsidiary of RCI Banque SA and provider of retail and wholesale funding solutions for the UK’s Renault, Dacia Nissan and Infiniti dealers, has launched the AU10TIX technology enhanced RCI Direct dealer system. The unique paperless end-to-end customer ID authentication, approval and onboarding system enables RCI Finance to action payout requests received with correct documentation up to 5.00 p.m. Monday to Friday - within 15-20 minutes! If RCI underwriting conditions are complied with, e-signature pad, AU10TIX ID and licence scanning and authentication stations and RCI Direct self-billing invoice enable confirming payments in minutes instead of typical industry standard of hours and even days!

“This is a game changer”, says Alan Heaffey, Operations Director RCI Financial Services Ltd.: “Once RCI dealers have submitted the payout request they could be showing their customer around the new car or going through their paperwork, while feeling confident that, if all is correct, they will receive confirmation before the customer leaves their showroom, with no rejection due to incorrect documentation. There is no inconvenience of having to re-contact customers and get them back in to re-sign. Any errors can be corrected there and then. The only reason for non-payment will be if the signature does not match or underwriting conditions have not been complied with. Anyone in car financing knows that this is huge! This means being able to increase conversion rates and effective customer handling volume, increase operating efficiency and save costs, and facilitate effective fraud protection and KYC compliance. That is a win-win situation for customers, dealers and RCI Financial Services”.

“Let me quote our friends at RCI UK”, says Ron Atzmon, Managing Director of AU10TIX: “’No imitations or copies (no matter how good) will pass our scanner, only the real thing, unlike many other providers’. I believe that this speaks for itself… We are honoured to have won the confidence of the RCI professionals. As implied from this quote, our system has been thoroughly tested against others on the market. It proved superior not in theory but in practice, and that indeed is reason to be proud .”

About RCI Financial Services Ltd
RCI Financial Services is a 100% subsidiary of RCI Banque SA - a 100% subsidiary of Renault SA, with head office is in Noisy le Grand, France. RCI Banque provides finance for the sales of Renault Group brands (Renault, Samsung Motors, Dacia) throughout the world and for the Nissan Group (Nissan, Infiniti). The company finances almost 1 million vehicle loans per year from offices in some 35 countries across Europe, Asia, and the Americas.
For more information, visit: http://www.rcibanque.com

About AU10TIX
AU10TIX Limited, a fully owned subsidiary of ICTS International N.V, deals with the authentication and digitization of identifying documents including Passports, identity cards, driving licenses and other complementary identifying documents. The company specializes in implementing hardware & software based applications used for scanning, identifying, content retrieval, authentication and validation of identifying documents. AU10TIX is a pioneer of all-channel (front-end and online) ID authentication and processing solutions. The company's products drastically reduce identifying document-based fraud, reducing the costs associated with client processing and enabling effective regulatory compliance, while making the sales and support operations speedier and considerably more efficient.
For more information, visit http://www.au10tix.com

About ICTS International N.V.
ICTS specializes in the development and implementation of innovative security concepts and solutions designed to meet the needs of a variety of industries, mainly aviation transportation, border control and sensitive facilities. ICTS International benefits from over two decades of expertise and international operational experience in transportation security, with a particular emphasis on high-risk environments, passenger processing transactions and the integration of security services to provide a comprehensive security solution. It also offers a wide variety of customized training programs, tailored procedures and a wide range of security consulting services. The company has developed and implemented unique technological solutions, based on its comprehensive approach to security, designed to enhance the level of security while accelerating the security check process.
For more information, visit http://www.icts-int.com

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company’s business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company’s actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company’s expectations or future events.

Contact:

RCI Financial Services Ltd
Alan Heaffey, Operations Director
Email: alan(dot)heaffey(at)rcibanque(dot)com
Tel.: +44-7970-566 830

AU10TIX
Ofer Friedman, Director of Marketing
Email: ofer(dot)friedman(at)au10tix(dot)com
Tel.: +972-50-4 71 71 50

ICTS International NV
Alon Raich
Email: mail(at)ictsinternational(dot)com
Tel.: + 00-972-974-47770

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Ofer Friedman
AU10TIX Limited
+972 504717150
Email >
Visit website