RouteOne joins MOBI
FARMINGTON HILL, MI (December 5, 2018) — RouteOne LLC, an innovative technology leader that is powering the automotive retailing industry’s response to the digital age, today announced that it has joined Mobility Open Blockchain Initiative (MOBI) — a global consortium of industry leading automakers, technology based startups, and other mobility players.
As a member of MOBI, RouteOne will collaborate with industry leaders in pursuit of the creation of a minimum viable ecosystem that aims to standardize blockchain and related technologies to bring transparency and trust to the industry, consumers, and communities and reduce frictions and transaction costs in mobility. RouteOne is enabling dealers, OEMs, FinTechs, and finance sources to respond to continually increasing consumer expectations with highly-configurable mobile tools and services that allow all of these players to create individually-optimized customer experiences; all while helping dealers manage compliance obligations in the F&I office.
“It’s RouteOne’s continued dedication to innovation that is fueling our collaboration with MOBI,” said Justin Oesterle, RouteOne’s Chief Executive Officer. “As a participating member, we are eager to contribute to, and benefit from, the MOBI’s innovation process as we actively engage in creating the automotive retailing of the future. We believe that MOBI will benefit our owners, our customers, and the industry.”
With over 100 member companies and growing, MOBI is collaborating with a wide variety of players in the mobility and blockchain space. We are working with many of the world’s largest automakers and mobility ecosystem players, along with numerous start-ups, nonprofits, governments, transit agencies, and technology companies. By working together, we can make mobility services more efficient, affordable, greener, safer, and less congested.
RouteOne was formed in 2002 by Ally Financial, Ford Motor Credit Company, TD Auto Finance, and Toyota Financial Services to improve the F&I process for automobile dealers and their customers. Connecting thousands of dealers and finance sources in North America for vehicle financing, RouteOne’s platform delivers a comprehensive suite of F&I solutions across multiple channels: in-store, online, mobile, and via third-party solutions. Its product line-up includes credit application, eContracting, menu, online/mobile retail services and compliance. In addition, RouteOne enables dealer choice across a wide variety of best-in-class providers through open integrations with over 170 DSPs. More information is available at www.routeone.com.
MOBI is a nonprofit foundation formed to accelerate the adoption and to promote standards in blockchain, distributed technologies for the benefit of the mobility industry, consumers, and communities. MOBI and our partners are creating simple, standard and digital ways of identifying cars, people, and trips, of paying for mobility services, and securely exchanging and monetizing data in ways that preserve property rights and privacy.