United Trust Bank signs up to Acquis Lumia

Acquis Data Services has announced that United Trust Bank is the most recent addition to the Acquis Lumia community.

United Trust Bank join the next wave of significant industry players to subscribe to Lumia, a solution created in response to the Arena TV fraud which impacted as many as 50 lenders in the UK asset finance market. Lumia was developed with industry collaboration to reduce the lending risk.

United Trust Bank will work with Acquis Data Services to provide the data required to help provide lessors with greater transparency when making lending decisions.

Nathan Mollett (pictured), Head of Asset Finance, United Trust Bank commented: “It’s fantastic for United Trust Bank to be part of a product and community that personifies collaboration. It’s important we seize this opportunity to work together to fight fraud for the better of our industry. Critically for us Lumia is simple in usability and will allow us to quickly embed the solution into our daily lending decisions,”

James Rudolf, Director, Acquis Data Services added: “We’re thrilled to have another key player in the asset finance market join Acquis Lumia, collaboration is key to the product’s success and as a result, key to resolving the industries fight against fraud.”