Ultimate Finance joins industry collaboration to fight against fraud

Specialist asset finance lender Ultimate Finance is the most recent player to join the Acquis Lumia family in the fight against fraud.

A central register of borrowing for the asset finance industry, Acquis Lumia, has been designed by an industry working party to assist asset finance providers to identify suspicious or irregular balance-sheet borrowing on a large scale.

It provides a clear insight into a customer’s lending exposure, alerting the lender to possible fraudulent activity. The solution is unique in the asset finance industry, born out of industry wide consensus to tackle fraud.

Josh Levy (pictured), CEO at Ultimate Finance commented: “It’s fantastic to collaborate with Acquis Data Services and other key players across the Asset Finance industry in the fight against fraud. Acquis Lumia is a quick and simple to use solution that will support our industry in tackling a significant issue.”

James Rudolf, Director, Acquis Data Services commented: “We’re excited to have yet another key and passionate player on board and look forward to working with Ultimate Finance and ensuring Acquis Lumia is a catalyst for industry change.”