RCI Bank and Services, Groupe Renault’s global finance company, is to use telematics services and data analytics from Octo Telematics, including providing services for fleet customers.

The service will provide fleets with a number of benefits.

The partnership will give RCI Bank and Services customers in Italy, Spain, the UK, Brazil and Turkey 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.”