AperiData Joins Forces with iVendi to Support Regulatory Compliance in Car Finance
FinTech Wales is pleased to highlight a new strategic partnership between two of its member companies: AperiData and iVendi. This collaboration brings together Open Banking technology and automotive retail systems to help address regulatory demands and modernise the car finance experience.
iVendi, the UK’s leading automotive retail technology provider, powers over 8,000 vehicle retailers, manufacturers, and finance partners across the UK and Europe. As the motor industry faces growing scrutiny under the Financial Conduct Authority’s Consumer Duty, iVendi has taken a proactive stance to strengthen compliance and deliver fairer finance journeys.
Through this partnership, AperiData’s FCA-authorised Open Banking platform is now embedded within iVendi’s point-of-sale finance technology. The integration offers customers and lenders real-time financial insights and promotes data-driven, ethical decision-making.
Partnership Highlights
- Real-time, verified income data through Open Banking
- Tools that enable lenders to confidently meet Consumer Duty requirements
- Faster, more accurate lending decisions for a better customer experience
- A streamlined, transparent approach to car finance
This collaboration sets a precedent for how fintech and automotive sectors can align to support compliance and deliver improved outcomes for consumers. It also underscores the importance of innovation within the regulatory framework.
Both AperiData and iVendi are proud members of FinTech Wales.