Accelerating growth through expert underwriting and targeted technology
UTB’s Asset Finance division has built enviable momentum over recent years, establishing itself as one of the UK’s leading specialist lenders. Specialising in funding business-critical hard assets; from heavy plant, construction, and agricultural machinery, to commercial vehicles and prestige cars, UTB’s success is built on a clear competitive advantage: combining deep underwriting expertise with smart, targeted technology investment.
This 3-year partnership closely aligns with UTB’s forward-thinking approach to market innovation, highlighted by initiatives like the recent launch of Stance Asset Finance, which sits alongside UTB’s core asset finance business serving customers which fall just outside of UTB’s lending criteria and continues to champion direct broker access to expert credit teams supported by bank-grade technology. UTB recognises that digital transformation is not about replacing human decision-making, but about serving expert teams with high-quality data to make faster, better-informed decisions.
Removing data friction while protecting the asset decision
For a growth-focused lender, maintaining class-leading SLAs requires managing legacy sources of back-office friction. Previously, verifying the existence and condition of assets required organising physical site visits, waiting for manual reporting, and then analysing non-standardised data.
All of these analog steps added days of delay to the funding journey.
By integrating verifi’s self-certifi platform, UTB empowers its nationwide broker network and SME customers to securely capture high quality, structured asset data and imagery within minutes; not days. Instantly reported to UTB.
Establishing "proof of existence" is critical when assessing an asset finance transaction. UTB, of course, will use spuuf, verifi’s proprietary image authenticity model. spuuf operates as a "silent hand," instantly validating the authenticity of every image. This ensures UTB can maintain its rigorous risk standards while accelerating the payout process for brokers.
Jonathan Garnett, verifi co-founder, commented:
"UTB is a standout leader in the specialist asset finance market, and their team innately understands the balance between transaction speed and relationship-led lending. We do not profess to magically automate a lender’s credit decisions; our role is to act as a seamless additional gear, removing the friction of data collection so UTB’s lending experts can work with additional confidence about the assets they are funding. Agreeing a 3-year partnership with UTB is a fantastic validation of our platform, and we are excited to support their continued growth."
Nathan Mollett, Managing Director - Asset Finance at United Trust Bank, commented:
"Our Asset Finance business continues to grow rapidly because we listen to our broker partners and invest in technology that makes doing business with UTB simpler, faster, and more secure. Legacy physical inspections have long been an operational bottleneck in our space. Committing to a 3-year strategic partnership with verifi allows us to remove much of that friction. It gives our underwriters high-quality, reliable asset data in minutes, enabling us to deliver the speed our brokers demand without compromising on asset security."
For more information or to arrange a demo of our platform, please contact us at [email protected] or visit www.veri.fi.
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