Time Finance and Novo agree digital enhancement partnership

20th May 2024

Asset finance solutions provider, Time Finance has announced the launch of its new ID&V (Identity Verification) technology in partnership with Nivo Solutions.

The technology provided by Nivo also includes E-signature functionality. Enabling Time Finance to increase its E-signature document limit from £100k to £250k.

Speaking of the partnership and the technology Time Finance has adopted, Steve Nichols, Director of Asset Finance said “We are on a journey which is committed to leveraging innovative technology to improve the customer experience. The app will enable us to speed up our ID&V process which inevitably means we will be paying out deals more quickly. Our partnership with Nivo Solutions represents a proactive step towards the industry embracing digital transformation.”

Matthew Elliott, CCO of Nivo said “We are excited to partner with Time Finance to deliver this ID&V technology. The combination of a verified identity with instant messaging in a secure mobile app can make things so much easier and safer for customers and brokers, and we believe it can be a foundation for revolutionising the industry.”