Ultimate Finance deploys verifi’s asset inspections platform

Core Insights - UK-based lender Ultimate Finance has adopted a virtual asset inspection platform from verifi to enhance its service model through technology [1] - The integration of this platform is expected to improve the asset finance process by utilizing open banking and real-time financial data for quicker lending decisions [1][4] Group 1: Technology Adoption - The self-certifi platform allows customers, brokers, and dealers to conduct asset inspections, leading to significant savings in time and expenses [2] - The platform provides data-driven insights and employs AI to prevent fraud by verifying the existence and condition of assets [2] Group 2: Strategic Partnership - Jonathan Garnett, co-founder of verifi, highlighted Ultimate Finance's reputation for combining tailored lending with a digital approach, making them an ideal partner [3] - The adoption of the virtual inspection technology is expected to automate manual processes, allowing Ultimate Finance to allocate resources towards growth objectives [3] Group 3: Commitment to Innovation - Simon Gregory, head of Asset Finance operations at Ultimate Finance, stated that the collaboration with verifi marks a significant step in their commitment to innovation [4] - The integration aims to enhance the accuracy and efficiency of asset inspections, expediting the verification process and fund release for asset financing [4] Group 4: Implementation Success - Ultimate Finance expressed satisfaction with the smooth implementation of the digital application into their operations and looks forward to continued collaboration with verifi [5] - Kingsley Asset Finance in the UK also integrated verifi's platform recently, aiming to improve digital offerings and service quality for clients and brokers [5]