FIS are excited to launch the second paper in a series of 4 articles produced in collaboration with Finativ.

The second paper focuses on the value that data has in pay-per use (PPU) models, discussing data ownership, consent, cost and benefits of the data.

Some key takeaways:

• Data ownership, consent and cost:
• Ownership of data split between the OEM, the owner/driver and the leasing company
• Increasing willingness to consent to asset data being used and some finance offers conditional on consent being granted
• Monetizing data can lead to more advantageous finance contracts for the end customer

Data value:

• Opportunity for both the OEM and provider to learn more about drivers’ behaviors and asset usage, including from each other
• Asset usage data provision enables the customer to receive more tailored and competitive pricing and effectively influence the price they pay
• With a componentized model, FIS Asset Finance offers maximum flexibility through mobility financial products, low code tooling, open-API’s, a cloud platform and other innovative tools such as our Invoice Co-Pilot.

Please don’t hesitate to reach out if you would like to schedule a 30-minute introductory call so we can share how FIS have supported multiple clients just like you in their innovation journeys, including recent successful implementations of our PPU functionality in less than 6 months.