Vehicle data provider Cazana has announced a new partnership with consumer credit reporting company Experian.
Experian will be the exclusive provider of Cazana data to the financial services and banking sectors for the next five years.
Cazana’s vehicle valuation data will be added to Experian’s customer credit data to help broaden the insights available to vehicle lenders to cover both the customer and vehicle being financed.
Tom Wood (pictured), chief executive officer at Cazana, said: “Experian’s reach and credibility in this sector is unparalleled and we are delighted that they have chosen to partner with Cazana as a preferred valuation provider within the sector.
“This latest partnership is testament to Cazana’s innovative approach to vehicle valuations, possible only because of our stellar team of developers and data scientists.”
Cazana's search technology shows every car on-sale, unearths hidden history on every vehicle and tracks a car’s value and history with a timeline of events from manufacture to the present day.
It uses real-time retail data so manufacturers, dealers, finance and leasing companies can better understand risks and the changing prices of vehicles in the market.
Lisa Fretwell, managing director of data services at Experian, said: “Cazana brings real advances in vehicle valuation data to increase accuracy throughout the lending lifecycle, allowing our customers to make better decisions, sharpen their business effectiveness and drive customer loyalty.”