Asset finance supplier PEAC Options has joined the Acquis Lumia platform to reinforce threat administration.
The platform is an industry-wide register aiming to mitigate threat and improve monetary transparency by enabling monitoring of asset finance agreements.
By integrating with Lumia, PEAC Options can higher detect irregular borrowing actions, safeguarding in opposition to fraud and bettering credit score decision-making.
Launched in 2022 by Acquis Knowledge Companies, Acquis Lumia affords lenders a view of dwell asset finance commitments.
The platform goals to supply an up-to-date overview, helping lenders in managing dangers successfully.
Recognized for providing financing options to tools producers, distributors, sellers, and clients, PEAC Options is claimed to be the UK’s tenth-largest lessor and the biggest impartial lessor.
Earlier this month, PEAC Options launched its Inexperienced Asset Finance framework, developed in collaboration with the Carbon Belief.
This framework gives shoppers with merchandise to fund eligible belongings, together with clear transportation, energy-efficient vegetation, recycling amenities, and belongings supporting air pollution management or the round financial system.
PEAC Options credit score director Justin Jacobs stated: “We’ve labored with Acquis since 2019, and we’ve constructed a fantastic working relationship with the group, so signing as much as Lumia was a pure subsequent step for us as we glance to construct a extra collaborative asset finance setting.
“Fraud continues to develop into increasingly more refined, and it’s important that we keep forward by leveraging collaborative {industry} instruments like Lumia.”
Acquis Knowledge Companies director James Rudolf stated: “We’re thrilled to have PEAC Options on board the Lumia platform.
“With 39 corporations signed up, the facility of this platform is rising every day, and the potential for additional collaboration, utilizing Lumia as a foundation, is a extremely thrilling prospect.”
Final month, Allica Financial institution grew to become the thirty eighth organisation to undertake the Lumia platform for monitoring asset finance.
“PEAC Options indicators as much as Acquis Lumia’s platform for asset finance monitoring” was initially created and revealed by Leasing Life, a GlobalData owned model.
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