BMW Group Financial Services celebrates hat-trick at IAFN Awards

The IAFN Awards celebrate excellence and innovation within the automotive leasing and lending industries.

BMW Group Financial Services UK was awarded Fintech Innovator Award for its 2016 Innovation Lab, alongside taking home the Point of Sale Award, as joint winners with Divido. The automotive finance provider was also highly commended for Best Product or Service, with its BMW Retail Online offering.

BMW is the first automotive manufacturer to offer a digital sales solution for its entire product range across the full end-to-end buying or leasing process.

BMW Group Financial Services has been instrumental in supporting the development of a comprehensive finance calculator which underpins the BMW Retail Online offering.

The past 12 months has also seen the launch of the BMW Group Financial Services Innovation Lab, a brand-new concept in which BMW Group Financial Services provided support and opportunity for dynamic financial start-ups in the area of automotive finance.

Mike Dennett, CEO of BMW Group Financial Services UK, said: “We are thrilled to have been recognised across three categories at this year’s IAFN Awards.

“This is testament to our commitment to facilitating the customer journey and generating ready-made leads for retailers.

“Since launching in 2017, BMW Retail Online has secured numerous awards and has been well-received by our customers. It is important we continue this success, driving growth across leasing and financing”.

BMW GROUP Financial Services offers a range of options for financing private and corporate purchases of BMW and MINI products, as well as commercial finance and a suite of insurance products.