Innovation Spotlight: Where banks can truly add value in the car journey
In this guest perspective, Patrice Bernard, author of the French fintech and banking innovation blog C'est pas mon idée, explores how financial institutions are rethinking their role in the car ownership journey.
In this guest perspective, Patrice Bernard, author of the French fintech and banking innovation blog C'est pas mon idée, explores how financial institutions are rethinking their role in the car ownership journey. Rather than trying to become automotive marketplaces, a new generation of initiatives is focused on solving specific customer pain points before and after the purchase.
He examines three examples: Cetelem's AutoCheck platform, which helps consumers understand the true cost of owning a used vehicle; DriveScore's model linking safe driving behavior to lower auto loan costs; and Lloyds Banking Group's vehicle management tool, designed to simplify the administrative burden of car ownership. Together, these projects highlight both the opportunities and limitations of banks' expanding ambitions beyond traditional financial services.
Mobility community
With Qorus memberships, you gain access to exclusive innovation best practices and tailored matchmaking opportunities with executives who share your challenges.