Automotive
Faster payments, smarter financing, seamless in-car experiences

From vehicle purchases and after-sales to in-car payments and credit checks, open banking enables dealerships, OEMs, and service providers to offer secure, cost-efficient, and modern customer journeys.

Mobile checkout interface for a car service booking, showing open banking as the selected payment method. The screen highlights how customers can pay securely in seconds through their bank app instead of using cards, demonstrating the convenience of account-to-account payments in the automotive sector.

How the automotive industry is leveraging open banking today

Eliminate fees, delays, and manual errors
Eliminate fees, delays, and manual errors
Buy and sell cars with ease
Enable instant bank-to-bank payments for car purchases and deposits. Avoid card processing fees and failed transactions, reduce fraud, and streamline the customer experience at the dealership.
No more waiting days for funds to clear
No more waiting days for funds to clear
Instant payouts and refunds
Process buybacks, trade-ins, or used car payouts instantly by verifying account ownership and initiating same-day payments. Improve customer satisfaction and cash flow.
Real-time creditworthiness checks
Real-time creditworthiness checks
Smarter automotive financing
Use Account Information Services (AIS) to obtain a comprehensive financial profile of a customer. Replace outdated credit scoring with real-time income and expense data to offer more accurate and faster financing decisions.
Reduce fraud and accelerate onboarding
Reduce fraud and accelerate onboarding
Automated account ownership verification
Instantly verify that a customer owns the bank account they’re using — no paperwork or manual checks needed. Great for car loans, subscriptions, and rentals.
Simplify claims processing
Simplify claims processing
Prove impecuniosity in credit hire cases
Streamline the assessment process in non-fault accident claims by securely accessing the claimant’s financial data. Save time and reduce disputes with verified insights.
From dashboard to payment, without lifting your phone
From dashboard to payment, without lifting your phone
In-Car payments & subscriptions
Support secure, bank-direct payments for EV charging, tolls, parking, or subscriptions. Lower costs and offer a seamless, hands-free customer experience.
Smart back-office meets smart payments
Smart back-office meets smart payments
Dealer Management System (DMS) integration
Integrate open banking directly into your DMS for fast, secure payments on everything from vehicle deposits to servicing. Enable instant settlements, reduce costs, and boost operational efficiency.
Pay by bank for repairs, accessories, and warranties
Pay by bank for repairs, accessories, and warranties
Cover car-related expenses more easily
Offer customers a frictionless checkout experience for after-sales and services. Real-time payments reduce admin costs and improve cash flow.
Endorsed by the best in the business
Discover how the automotive world is shifting gears with open banking
A report by Salt Edge
Open banking use cases in the automotive
Salt Edge report on open banking use cases in the automotive industry. The report explores how open banking is transforming financial processes in the automotive sector, from enabling in-car payments to streamlining refunds, payouts, and introducing innovations like Variable Recurring Payments (VRPs). It highlights key pain points, adoption challenges, and the benefits for dealerships, lenders, and the wider automotive ecosystem.
Discover practical use cases, adoption challenges, and the tangible benefits open banking brings to dealerships, lenders, and the broader automotive ecosystem in the latest Salt Edge report.
Salt Edge report on open banking use cases in the automotive industry. The report explores how open banking is transforming financial processes in the automotive sector, from enabling in-car payments to streamlining refunds, payouts, and introducing innovations like Variable Recurring Payments (VRPs). It highlights key pain points, adoption challenges, and the benefits for dealerships, lenders, and the wider automotive ecosystem.
Let’s connect
We’d love to help you start exceeding your financial goals with open banking