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RCI Bank and Octo partner to provide telematics data for fleets

RCI Bank and Services, Groupe Renault’s global finance company, is to use data provided by Octo Telematics to bring a number of benefits for private drivers and fleets.

The partnership will provide fleets with complete vehicle management data.

The partnership will provide fleets with complete vehicle management data.

The partnership will give RCI Bank and Services customers in the UK as well as a number of the markets the option to include an Octo device in their car, which will analyse their driving style and the condition of the vehicle to generate a driving profile.

This will then be used to generate a complete set of vehicle usage-based services including rewards for good driving behaviour. Based on the driver score, RCI Bank and Services and Octo will also be able to offer coaching on driving skills, as well as improved pricing on insurance premiums based on the usage-based insurance (UBI) model powered by telematics data.

RCI Bank and Services will also be able to offer complete fleet management dashboards to B2B customers gathering both vehicle, driving behaviour, geolocalisation and financial data.

Gianluca de Ficchy, CEO, RCI Bank and Services, said: “Octo’s technology  will help RCI Bank and Services to deliver a seamless vehicle use experience for the Alliance brands private and fleet customers through innovative, connected and personalised services.  Thanks to the use of data provided by the vehicle we will have a better understanding of driver behaviour and a better monitoring of corporate fleets. This will enable us to provide our customers with tailored services and insurances.”

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.