Since last year, the auto industry has seen a shift towards online buying and digital finance. The era of digital revolution led to a change in the business landscape, which has now evolved with the new normal. While the pandemic is temporary, the changes in consumer buying are here to stay. With the auto industry evolving into a ‘digital first’ sector, we welcome you to the world of Kuwy, designed to make automotive finance easy and beneficial for all. Here’s why lenders and dealers must hop on to Kuwy’s digital wagon.

DIGITAL PRESENCE

Now more than ever, businesses are winning trust and building customer loyalty with an omnichannel presence. The smartphone aided generation strives for a unique car-buying experience that is easy, fast and hassle-free. Customers relentlessly research and find the best deals for car loans on their phone or computer. We as lenders and dealers, can deliver an experience that makes our woke customers feel validated and special, with a digital presence on Kuwy.

TRUSTED NEED BASED PLATFORM

One of the common issues faced by dealers and lenders, is the uncertainty in the minds of customers. Many prospects never go beyond to become qualified leads or applicants, which ends up being a waste of time and energy. If you’ve wished to have a need based platform, where only filtered customers with a will to buy are found all under one roof, then Kuwy has made your dreams a reality. With verified profiles and digital documentation, your lending is now easier and faster than ever before.

HARNESSES OPPORTUNITIES OF DIRECT LENDING

Customers are in search of alternatives for the lengthy dealer negotiations and opaque lending processes. The near future is sure to witness a considerable rise in direct-to-consumer digital transactions. Forward-looking organisations have already undertaken the necessary measures ahead of this change in the marketplace. Lenders and dealers must strive to deliver online car shopping, that gets delivered to their home, with minimal negotiation and the best deals.

MORE EFFICIENT

With digital integration comes great efficiency. Approach customer data and profiles in a more organised way, with the AI powered collection and segregation of consumer history. The AI creates detailed algorithms for individual customers in a fraction of time. It reduces the chances for risk and fraud with analysis of every applicant‘s financial status and repayment patterns.

TECH FORWARD ROUTE TO PROSPECTS

We are proud to connect millions of customers to lenders and dealers on our platform. Reaching every corner of India with minimal physical touchpoints, we are the smartest way to reach potential customers. With access to huge data sets and resources, we use machine learning to tap into customers at the right place and the right time. Our futuristic technology interprets data and forecasts the needs of the customers. Kuwy’s AI based Lender Selection Algorithm (LSA) and streamed Profile based Product Offering (PPO) from lenders, makes it a win-win for customers and lenders alike.

NEW WAVE OF VEHICLE OWNERSHIP

Selling to a digital first generation who have grown up in the age of the internet and connectivity on devices, puts lenders and dealers under pressure to adapt. These large sets of potential customers are in search of a fast and intuitive online experience which is stress-free. They are very informed and consider automation as a safer option over physical lending. Connecting with these young prospects who have no liabilities and good cibil scores will prove to be a good yield in the future as well.

Every revolution is proof that early adopters to change are the ones who profit the most. India’s first automotive fintech platform, Kuwy is here to help you strike the right chords for higher conversion rates with minimal time and investment. Download the Kuwy app, join our network and watch your business race ahead of other competitors.