Acquis Data Services announces first wave of subscribers to Acquis Lumia

Acquis Data Services are delighted to announce Shire Leasing PLC as the latest asset finance provider to subscribe to Acquis Lumia – a central register of asset finance borrowers designed to reduce fraud in the industry. Shire Leasing will work with the industry to provide key data into Acquis Lumia to support the stand against asset finance fraud.

Mark Picken, CEO at Shire Leasing commented: “We are delighted to have joined the Acquis Lumia community and to be part of such an inspired product that has the potential to have a significant impact on reducing fraud in our industry. We’d like to thank Acquis for taking the leading role in bringing the industry together to deliver this collaborative and innovative solution to fraud.”

Shire Leasing joins the first wave of subscribers to Acquis Lumia, including Bibby Financial Services and Investec Asset Finance plc, to provide the necessary datapoints to highlight possible fraudulent activity and to improve lending decisions.

The inaugural contract was agreed with Investec on January 5, 2023. James Rudolf, CCO, Acquis Data Service commented: “This deal with Investec, the first of many we have been working on, marks an important milestone in the development of Acquis Lumia, an innovative solution that was first mooted only a year ago. It’s testament to the creativity and commitment of Investec that they were eager to be part of the early adopters and demonstrate their willingness to come together in order to improve the picture of fraud in asset finance.”