AI-powered remote
asset inspections.
Our platform enables remote asset inspections in minutes, with no need for costly, intrusive on-site inspectors. verifi removes the friction.
Less cost. Less fraud. Better compliance. More assets.
PARTNERSHIP NEWS
Leading specialist lender United Trust Bank (UTB) signs a 3-year agreement to deploy verifi’s virtual inspection platform
We are delighted to announce that United Trust Bank (UTB) has entered into a strategic 3-year partnership with verifi. The agreement will see verifi’s remote asset inspection technology integrated across UTB’s Asset Finance operations, helping to streamline verification of assets, eliminate funding delays, and further improve the service provided to brokers and SME clients.
Our Customers
Trusted by the best
The UK’s leading banks and asset finance lenders trust verifi to provide superior asset inspections, assisting them in achieving their digital transformation and climate goals.
THE PROBLEM
Lack of verification produces risk
A lender’s security lies in title to the assets they finance; it’s the only thing that separates the lender from being an unsecured creditor.
Lack of adequate and effective asset verification processes produces risk.
Proof of existence
Without inspections both at payout and during the finance term, the lender has no proof the underlying asset exists, is in the possession and control of the borrower, and has not subsequently been sold out of trust.
Sources of untruth
Borrowers, finance intermediaries, and supplying dealers (“interested parties”) are all in conflict with the security interest of the lender. Even in a small way, they each have an incentive to misrepresent the truth in order to secure the finance facility.
Condition of asset
Without actually seeing the condition of individual assets in a lender’s portfolio, underwriting, risk, and residual value decisions remain based on assumptions, not facts.
Cost of inspection
Traditional asset inspections which require an inspector to physically attend the customer’s site involve high costs.
Time to inspection
Waiting for an inspector to be able to schedule and physically attend a customer’s site significantly slows the speed of decision-making.
Quality of data
In-person inspections at a customer’s site produce errors and incomplete information, leading to inconsistent quality of inspection data.
Customer impact
Legacy “in person” inspections are perceived by customers as intrusive. Customers expect to be able to run their business without interruption.
THE SOLUTION
How verifi empowers your portfolio
Lenders who implement robust asset verification programmes dramatically reduce risk across their entire portfolio.
By adopting the right inspection tools and protocols, lenders can efficiently gather precise, verifiable data at every stage of the finance lifecycle, empowering them to swiftly identify and manage potential risks.
That’s why verifi exists. Our single motivation is to serve and protect the interests of the lender.
Proof of existence
verifi’s inspection platform enables lenders quickly and cost-effectively to obtain proof that the asset exists and is in the possession or control of the finance customer at all stages of the finance lifecycle.
Trusted self-reporting
verifi’s industry-first self-certifi inspection tool has built-in fraud mitigation - empowering borrowers, finance intermediaries, or supplying dealers to perform accurate asset inspections without the usual risks of self-reporting.
Condition of asset
verifi’s inspections capture clear, high-definition imagery of every asset, securely stored and instantly accessible. Lenders benefit from immediate access to high-quality images and supporting documentation, accurately evidencing the true condition of their assets.
Cost of inspection
verifi’s self-certifi inspections eliminate the expense of sending inspectors to site - delivering immediate and significant cost savings to lenders.
Time to inspection
verifi’s self-certifi inspections can be requested and completed in minutes, accelerating decision-making and eliminating days of waiting for an inspector to attend site.
Quality of data
verifi’s self-certifi inspections capture relevant, high-quality images and documentation tailored specifically to each asset type. This ensures every inspection provides lenders with consistent, valuable, and actionable asset data.
Customer impact
verifi removes friction for both lenders and customers. By working non-intrusively with our clients’ customers and intermediaries, we streamline the inspection process using digital communication, allowing customers to complete inspections easily, and crucially, at their own convenience.
Realisable Benefits
The kind of performance you can expect from using verifi
Cost Saving
Realise significant savings on asset verification programmes
90%
Achieve up to a 90% reduction in the cost of inspecting each asset compared with traditional on-site inspections.
Rapid Results
Accelerate inspection results with verifi’s self-certifi platform
1000×
Delivering inspection results up to 1000× faster than traditional on-site methods, enabling lenders to make quicker, better-informed decisions.
Inspection Frequency
Higher frequency asset inspections during entire finance lifecycle
Achieve a significant increase in inspection frequency per asset across the entire lifecycle, with no additional resources required.
Data Reliability
Maintain the integrity and reliability of asset data across entire lending portfolio
Significantly improve the accessibility and usability of consistent, reliable data for all assets within the lender’s portfolio.
Initiate Inspection Request
The lender enters asset and customer details directly into verifi’s platform (or via API) and submits an inspection request.
Inspector Receives Inspection Request
The selected inspector (customer, finance intermediary, or dealer) receives a secure inspection link with clear instructions. No scheduling on-site visits or FaceTime walkarounds required. Inspection is completed at their convenience.
Inspection Performed
No app, no downloads required. Clicking the link opens a secure channel between the inspector’s mobile device and verifi’s platform. The inspector is guided through a straightforward process to confirm asset details and capture high-definition photos directly from the device’s camera. verifi’s built-in fraud prevention protocols prevent photo uploads from galleries or any external source and automatically log geo-location and timestamps throughout the inspection process.
Real-time AI Validation
verifi’s AI instantly analyses incoming data, validating photo authenticity, asset location, and inspector responses. Automated red and amber flags highlight potential anomalies for immediate attention in the report sent to the lender.
Instant Reporting
Once complete, a comprehensive inspection report - including photos, collected data, automated flags, dynamic geo-location reporting, and validation results - is instantly available on verifi’s platform or delivered via API.
Subscribers are immediately notified by email and can securely access the report, enabling quick and confident decision-making.
Asset Lifecycle
What you measure improves…
You get what you inspect,
not what you expect.
verifi’s inspection processes enable lenders to cost-effectively collect detailed, verifiable, asset-specific data across significantly more assets than previously possible – helping to identify and mitigate risk effectively at every stage of the finance lifecycle.
New Business
Broker-ready, capturefi integrates seamlessly with their processes ensuring quicker decisioning and faster payouts.
In-Life
Annual inspections can easily be scheduled across the in-life stage of the entire asset portfolio.
Customer Complaints
Visibility of the asset condition enables accurate, fact-based decisioning by the lender early in the complaints process.
Collections & Recoveries
verifi enables immediate evidence of the asset location and condition at the first sign of distress or default.
End of Term
Streamlined end-of-term inspections reduce expensive, time-consuming manual appraisals.
FEATURE RICH
Your Operational Powerhouse
verifi has developed the most advanced platform to deliver an end-to-end asset verification programme for asset-based lenders. Packed with an array of digitally advanced features, our platform unlocks more accessible, efficient, and cost-effective possibilities for lenders to manage their asset verification processes than ever before.
self-certifi Inspections
Industry-first remote inspection solution. Remote asset inspections without the need to be on site
HD Imaging
Asset imagery captured and stored in HD - assisting clients to record usable high-quality data on asset condition and document uploads
spuuf
verifi's proprietary real-time image validation algorithms validate authenticity of inspection imagery and implement counter-measures
Ultra Tight Security
Commercial-grade data centres, cloud, and bare metal machines to meet the latest security standards
Fraud Prevention
verifi's inspections collect thousands of metadata points in real-time at the point of inspection, mitigating fraud risks
Geo-location
verifi remote asset inspection automatically validates location of asset inspection versus where asset expected to be
Real-time Data
Inspection data written from inspection device to verifi platform in real-time
Automated Process
End-to-end automation - booking, customer engagement, inspection data capture and upload
A.I. & Human Validation
A.I. tools validate inspection data. Anomalies identified and escalated
Client Integrations
verifi CRM operates as a standalone platform or can be fully integrated to lender systems via custom APIs
FAQs
Still have questions?
Let us find the answers
We’re more than happy to answer any questions you might have and schedule a demo of our platform to show you how verifi can revolutionise your asset verification programmes.
verifi’s revolutionary self-certifi inspection platform gives lenders the confidence to allow borrowers, brokers, and supplying dealers to undertake their own asset inspections to support new lending and in-life portfolio management.
Sending an inspector to site is no longer required.
Speed, quality, and customer journey are enhanced.
Cost and friction are reduced.
Asset inspections can be completed up to 1000× faster and up to 90% cheaper compared with traditional inspections which require an inspector to physically attend a customer or supplying dealer site.
The net result is a more rapid decisioning process and inspections are completed at a fraction of the cost. Inspections can be completed within minutes from the request being created and sent.
Using verifi, the lender obtains a much higher and more consistent quality of information about its assets. For example, all imagery obtained is high-definition, giving a more accurate record of the condition of the asset being inspected.
Our processes are much less intrusive to the finance customer, broker, or supplying dealer. There is no-one turning up to site. verifi’s platform enables the finance customer, broker, or supplying dealer to conduct their own asset inspection on a mobile device at a time most convenient to them.
More rapid decisioning at all stages of asset finance cycle (NBO, In-Life, Collections & Recoveries, End of Term) based on more accurate asset-specific inspection data collected and stored on verifi’s secure platform.
verifi creates the capability for lenders to inspect vastly more assets than previously possible.
We are confident that lenders will experience an improved customer journey. Our processes are inherently less intrusive to customers, enable the lender to make much quicker decisions (e.g. faster processing of new originations resulting in faster payouts), and can lead to much improved broker journeys (e.g. no wasted time/cost going to site, more rapid document approval stage, resulting in faster payout).
Our broker-ready solution allows brokers to manage their own customer relationships at NBO stage by creating their own inspection requests which they send to their customers.
self-certifi inspections allow the borrower, broker, or supplying dealer to securely perform their own asset inspection via verifi’s proprietary CRM using an encrypted communication session between their mobile device and verifi’s platform.
Fraud risks are mitigated by using GPS and time-stamped metadata and imagery. There is no possibility for images to be uploaded or supplied from the device’s gallery or a third-party source. Photos can only be taken during the inspection and are uploaded in real-time from the inspector’s mobile device to verifi’s platform.
Once the inspection is complete, the lender is notified instantly via email with a secure link to the inspection report.
verifi understands the risks associated with different asset types and has created bespoke inspections for all asset types commonly comprised within lenders’ portfolios.
Very. We take data security very seriously.
verifi’s proprietary system encrypts communications between the inspector’s device and verifi’s platform.
Our processes are fully GDPR compliant.
Data never leaves the UK.
All data on our servers is fully encrypted.
We use only Tier 1 data centres with full backup and restore capability to other Tier 1 data centres.
UK only. We use Tier 1 data centres in London and the M4 corridor.
verifi was founded by two highly expert individuals whose skills and experience, when combined, make verifi uniquely qualified to deliver an exceptional asset inspection service to lenders.
verifi offers multiple pricing models which are perfectly suited to lender requirements.
We have a highly competitive offer for lenders with large portfolios and/or the most comprehensive asset inspection protocols, as well as those with smaller portfolios and/or a lighter approach to asset inspections.
First things first, schedule a demo and verifi will be happy to discuss your asset inspection needs and match a commercial pricing model which delivers against those needs.
Of course!
verifi is happy to send further information to interested lenders.
Feel free to email us at [email protected] or visit our LinkedIn page and connect with our Head of Business Development or our Founders. We will discuss your requirements and send further information.