Fintech firm launches AI training drive as part of ambitious growth push.

Motherwell-based car finance specialist, CarMoney, has unveiled an intensive artificial intelligence (AI) training programme for its entire workforce. The investment will help to future-proof its business and put customer experience at the heart of its growth strategy.

The move comes amid growing recognition of AI’s economic potential. According to research by PwC, artificial intelligence could add up to £16.7 billion to Scotland’s GDP by 2030, an estimated 8.4% boost in economic output, which would equate to around £2,200 in additional annual spending power per Scottish household.

The initiative builds on the recent launch of the CarMoney Academy, which is training over 80 people with the skills they need for a career in finance. The AI programme will give all employees, from sales advisers to compliance and customer support teams, with cutting-edge AI skills to enhance productivity, decision-making, and service delivery.

Commenting on the programme, Alastair Grier, CEO of CarMoney, said: “AI has the power to transform how we work and how we serve our customers. The training programme ensures every team member, regardless of their role, is empowered to use the latest tools and technology to drive better outcomes for the people we help every day.”

The firm, which helps drivers compare and secure finance for used vehicles across the UK, has grown rapidly in recent years, underpinned by a tech-led platform supported by more than 20 lenders.

The AI training programme will embed digital literacy and AI capabilities across the business to improve internal efficiency and enhance the way the company engages with customers and dealer partners nationwide.

Grier concluded: “Scotland has a golden opportunity to lead in ethical and effective AI adoption. At CarMoney, we want to play our part by investing in technology and our people.”

Backed by the Peter Vardy Group, CarMoney aims to achieve £730 million in annual vehicle finance by 2029, growing organically and through its expanding UK franchise network.