We are proud to announce that Cynergy Business Finance (CBF), the specialist asset-based lending arm of Cynergy Bank, has adopted verifi’s virtual asset inspection platform.
This partnership is a direct application of Cynergy’s unique "Human Digital" strategy. By blending the latest digital technology with expert relationship management, CBF aims to provide a service that is both "high tech and high touch".
High Tech Speed, High Touch Service
Cynergy Business Finance supports UK SMEs by funding against a wide range of assets, including plant, machinery, and inventory. Traditionally, verifying these assets required time-consuming “touch metal” inspections that could slow down funding.
By integrating verifi’s self-certifi inspection platform into its processes, CBF empowers its customers, intermediaries, and supplying dealers in the funding chain to conduct their own asset inspections in minutes. This digital efficiency frees up CBF’s expert team to focus on what they do best: building strong, supportive relationships with their clients.
Surety in a Digital World
For a bank that prioritizes "speed and surety", security is non-negotiable. The partnership includes the deployment of spuuf, verifi’s proprietary "silent hand" technology. spuuf operates in the background to instantly validate the authenticity of every image, ensuring that CBF can offer rapid digital experiences without compromising on risk protection.
Jonathan Garnett, verifi co-founder, commented:
"Cynergy’s 'Human Digital' philosophy fits very well with why we built the verifi platform. We believe technology shouldn't replace the relationship manager; it should be a tool to drive efficiencies and better outcomes. By removing the friction of physical inspections, we are helping Cynergy Business Finance deliver the instant funding decisions their clients need, while their team focuses on the strategic support that algorithms can't provide."
Edward Winterton, Managing Director at Cynergy Business Finance, shares:
"Our mission is to reduce complexity in business finance and to better serve the personal needs of business owners. By integrating verifi’s platform, we are using automation to provide a more efficient, customer-centric lending experience. This supports our ‘Human Digital’ approach perfectly. Delivering the speed and ease our clients expect, while freeing our team to focus on building the outstanding client relationships that drive sustainable growth."
#HumanDigital #AssetBasedLending #SMEFinance #CynergyBusinessFinance #FinTech
About Verifi Asset Protection Limited
verifi is a professional and trusted provider of leading-edge technology for banks and asset finance providers. The company’s "self-certifi" inspection platform allows finance customers and dealers to conduct their own asset inspections via a mobile device, eliminating the need for traditional, in-person inspections. verifi’s proprietary technology, which includes real-time image validation and geo-location tools, helps lenders mitigate fraud and risk at all stages of the finance lifecycle.
For more information or to arrange a demo of our platform, please contact us at [email protected] or visit www.veri.fi.
About Cynergy Business Finance
Cynergy Business Finance is the asset-based lending arm of Cynergy Bank, the UK’s human digital bank. Established to support the needs of scale-up SMEs, Cynergy Business Finance provides flexible funding facilities ranging from £200k to £20m against receivables, plant and machinery, inventory, and property. They combine the latest digital technology with a relationship-led approach to help UK businesses invest, grow, and succeed.
You can follow Cynergy Business Finance on:
Linked In - https://www.linkedin.com/company/cynergy-business-finance/
Web - https://www.cynergybank.co.uk/cynergy-business-finance
YouTube - https://www.youtube.com/@cynergybank
