FCA Sandbox tested Fastcheck goes live with major UK motor finance lenders

Fastcheck launches real-time finance pre-qualification platform to improve transparency, proposal quality and customer outcomes across motor retail sector

Fastcheck, the automotive finance technology platform, has gone live with major UK banks and motor finance lenders, to be announced shortly, as it begins a wider rollout to motor retailers across the UK.

Fastcheck's journey began with CrediCar, which developed and tested a car finance pre-qualification customer journey through the Financial Conduct Authority's Regulatory Sandbox programme, allowing the concept to be tested in a controlled regulatory environment before commercial deployment. Since then, Fastcheck has evolved into a real-time finance pre-qualification, quoting and proposal platform designed for modern dealer finance journeys.

The launch comes at a time when the motor finance sector is placing greater emphasis on transparency, customer understanding, auditability and fair customer outcomes. Fastcheck has been developed to support these objectives by providing earlier visibility of lender qualification outcomes and helping dealers structure finance proposals more effectively from the outset.

Unlike traditional finance calculators or basic eligibility tools, Fastcheck provides dealers with lender qualification outcomes before a full finance proposal is submitted. Results update in real time as key variables change, including vehicle selection, deposit, term, part-exchange values, finance structure and value-added products.

By providing greater visibility earlier in the customer journey, the platform is designed to help dealers reduce unnecessary proposal submissions, improve conversion rates and create a more transparent experience for customers. For lenders, the technology supports higher-quality submissions and greater consistency in proposal data.

Amar Rana, Founder and CEO of Fastcheck, said:

"Fastcheck has been years in the making, and today's launch marks an important milestone in our journey. We are moving from proving the concept to delivering a platform that helps dealers, customers and lenders make better informed decisions throughout the finance journey.

"From the early CrediCar concept through the FCA Regulatory Sandbox to a live platform integrated with major UK banks and motor finance lenders, our focus has remained the same: making car finance clearer, faster and more accurate for everyone involved.

"The industry doesn't need another standalone calculator. Dealers need meaningful insight earlier in the process, customers need greater clarity around their options, and lenders

benefit from receiving cleaner, better quality proposals. Fastcheck has been built to support those outcomes."

James Walker, Head of Sales & Partnerships at Fastcheck, added:

"Dealers are looking for ways to improve conversion, customers expect a smoother and more transparent journey, and lenders want stronger quality submissions. Fastcheck helps bring those objectives together.

"We are excited to be working with dealers, lenders and strategic partners across the industry as we continue to expand the platform and support the next generation of digital finance journeys."

Fastcheck is currently onboarding dealer partners across the UK motor retail market and plans to continue expanding its lender network and platform capabilities over the coming months.

Read more about Fastcheck and their journey with SuperTech on our case study page here.