Bonafidee wins Digital Innovation of the Year 2017

We are thrilled to announce that Bonafidee has been awarded ‘Digital Innovation of the Year’ at the Motor Finance Europe Awards 2017. Steve Toms, Founder of Bonafidee accepted the award presented by Andrew Denton, CEO at Alfa (formerly CHP Consulting) at the Westin Grand in Frankfurt, Germany.

“I am delighted that this approach to innovation has been acknowledged and praised” Francis Lang, Head of Research and Development at Bonafidee added: “Winning ‘Digital Innovation of the Year’ is fantastic and a testament to the dedicated people that are the team at Bonafidee”.

The judging panel was comprised of leading experts within motor finance, they included: Jonathan Minter from Motor Finance, Adrian Dally from the Finance & Leasing Association, Paul Harrison from Auto Trader, Graeme Banister from Frost & Sullivan, and Ulrich Bergmann from KPMG AG; they judged the nominees based on various criteria including the digital product which had the most impact on the customer journey offered in motor finance.

“Fraud mitigation is an incredibly important part of motor finance” said Jonathan Minter, Editor of Motor Finance, The Journal for the Car Finance Industry. “Packing all this in a compliant way is something the industry has been looking for”.

This award comes at a time when Cifas, the UK’s leader in Fraud Prevention, revealed last week that there was a significant spike in the number of identity fraud cases in 2016, up to 173,000, the highest number ever recorded by Cifas members’ than in any previous year.

Bonafidee would like to congratulate all of this year’s winners including Evolution Funding and Blue Motor Finance who both use Bonafidee integrated into their systems.  Blue Motor Finance use Bonafidee to validate thousands of car loan applications every year.

Bonafidee is a leading software provider of advanced e-signature technology, which has been successfully integrated, not only in motor finance, but also in banks, law firms and all manner of professional practices to ensure a rigorous and sustainable approach to e-signatures and mitigating the risks of identity theft and online fraud.