(PRWEB UK) 8 November 2017
In a short time period Blue has become one of the UK's premier consumer motor finance companies, lending over half a billion pounds to over 50,000 customers. As Bob Jones, Blue’s CEO, explained, “We have done this by offering best-in-class service with a relentless focus on technological innovation, risk management and the highest standards of regulatory compliance.”
While motor finance in general suffers from a lack of innovation, Blue have adopted the latest machine learning techniques and systems to enhance decisioning and drive down underwriting response times. Each customer is given a customised rate for risk product offering. The roll out of a super-efficient dealer app store is a core part of Blue’s direct strategy and is a way of creating a single hub for the dealer. This enables Blue to deliver systems in a standard way with one controlled login and easily and securely deploy new products, such as being able to click to add an Electric Vehicle Charging point or Insurance.
Blue’s award winning technology has supported over half a billion pounds of lending to over 50,000 customers to date. Blue provides credit arranged at point of sale in support of the sale of automobiles. The Blue product is based on hire purchase contracts secured against the vehicle.
The transaction is introduced to Blue by a carefully vetted motor dealer or Broker usually in return for introductory commission. Blue offers dealers a one-stop, rate for risk service giving flexibility to offer a competitive finance package to all customers while continuing to deliver exceptional service.
The Blue Management team are veterans of numerous very successful Private Equity / VC transactions including Barclaycard Partner Finance, Warrior Group, Wonga, Shawbrook and Secure Trust Bank.
About Credit strategy F5 Awards:
The F5 awards provide an opportunity to celebrate success in those leading the way in their respective sectors, bringing together a range of commercial and consumer lenders, leasing and asset finance providers, FinTech businesses, credit information providers and technology suppliers.