Vehicle Asset Solutions and jaam introduce portal for UK motor finance

Core Insights - Vehicle Asset Solutions (VAS) and jaam automation have launched an AI-powered Attestation and Audit Portal to improve oversight in the UK motor finance industry [1][5] - The portal aims to streamline compliance processes and reduce administrative burdens for finance providers, dealers, and brokers [1][2] Compliance Enhancement - The platform includes two main services: the Motor Finance Oversight Attestation, a self-assessment tool for brokers and dealers, and the Motor Finance Oversight Audit, which can be conducted virtually or in person [2][3] - The Attestation tool generates a report on regulatory health for funders, while the Audit provides a comprehensive review based on scheduled or risk-triggered assessments [2][3] Strategic Compliance Asset - VAS managing director Paul Neal emphasized that the platform serves as a strategic compliance asset, enabling funders to maintain meaningful oversight and improve industry standards through structured best practices [3][4] - Funders can utilize the system to benchmark their networks against compliance standards, including Consumer Duty and Commission Disclosure [4] Collaborative Workflow - The portal integrates various stakeholders—dealers, brokers, funders, and the VAS quality assurance team—into a collaborative environment [4] - AI-driven attestations are organized through an intelligent tasking system that includes scoring and collaboration tools [5] Digital Transformation - jaam automation's co-founder Andrew Murphy highlighted that the platform represents a significant digital transformation for the industry, combining automation, AI, analytics, and oversight tools to manage regulatory risk effectively [5]