Sydney, Australia – 20 February 2026 – In a significant move towards enhancing security and trust in vehicle transactions, AutoSettle, the pioneering Australian fintech startup, is pleased to announce its integration of accredited digital identity exchange ConnectID. This integration marks a groundbreaking initiative to adopt digital identity verification within the automotive industry to ensure safer transactions for dealers, lenders, buyers and sellers.
A Leap Forward in Secure Vehicle Transactions
Australian-owned digital identity solution ConnectID leverages trusted sources such as banks to securely verify identities in real-time. This integration is set to streamline the process of buying and selling vehicles, providing a seamless, secure, and efficient experience for all parties involved.
“With ConnectID, AutoSettle is set to redefine the standards of trust and security in the automotive industry,” said Patrick McComish, Co-Founder of AutoSettle. “This integration embodies our commitment to innovation and our vision to simplify vehicle transactions for everyday Australians who currently face uncertainty and risk when buying and selling cars”.
Trusted and secure digital identity verification
With ConnectID, AutoSettle users can securely verify their identity before any transaction takes place, giving confidence that the buyer or seller is legitimate and helping reduce fraud and scams. Privacy comes first – rather than uploading documents or sharing sensitive personal information, users can verify who they are using organisations they already trust, like their bank, though their banking app.
ConnectID does not see or store personal information. Instead, it enables secure, consent-based sharing of minimum identity data between trusted parties, helping reduce the oversharing of sensitive personal details and documents.
“Buying or selling a car often involves sharing sensitive personal information and government documents, which can create friction and unnecessary exposure to the risk of data breach. With ConnectID, customers can verify their identity securely, without their documents being passed around or stored,” said Rick Iversen, Head of ConnectID.
Driving Innovation in the Automotive Industry
AutoSettle aims to address the longstanding challenges faced by Australians in the automotive market, including the disjointed and often insecure processes involved in buying and selling cars. By incorporating ConnectID’s digital identity verification into AutoSettle’s virtual settlement exchange, the platform targets to reduce fraud, expedite settlements, and strengthen privacy and data protection in line with global standards.
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About AutoSettle
AutoSettle is Australia’s first dedicated virtual settlement exchange for vehicles, offering a secure, efficient, and transparent transaction process for private buyers, sellers, dealers, and lenders. AutoSettle automates identity verification, PPSR checks, payment flows, registration documents, and vehicle ownership transfers – delivering a complete solution for modern automotive commerce. By leveraging cutting-edge technology across digital ID, multiple blended data providers, AI moderation and a multi-party settlement room, AutoSettle eliminates fraud risks and simplifies vehicle transfers, creating a seamless end-to-end settlement experience.
About ConnectID
ConnectID is an Australian-owned digital identity solution which makes it easier for customers to verify who they are, using organisations they already trust. ConnectID does not see or store any data, it simply acts as the bridge that connects businesses to trusted and reliable identity data with customer consent, giving individuals more control over how their information is used and shared.
ConnectID is the first non-government identity exchange accredited by the Australian Government and is available to customers of CommBank, NAB, ANZ Plus and Westpac. ConnectID is part of Australian Payments Plus (AP+), which also operates Australia’s domestic payments infrastructure – including the eftpos debit network, BPAY bill payments, and the NPP (the country’s real-time payments system). ConnectID is a registered trademark of ConnectID Pty Ltd ABN 80 648 970 101
For media inquiries, please contact:
AutoSettle Pty Ltd | ABN 90 682 182 618
press@autosettle.com.au | www.autosettle.com.au
ConnectID Pty Ltd | ABN 80 648 970 101
inge.roggeveen@auspayplus.com.au
