Cost savings incoming29 Sep 2025 12:47
Financialreporter.co.uk/time-finance-adopts-virtual-asset-inspection-platform
SME lender, Time Finance, has partnered with verifi to launch a new virtual asset inspection platform.
The new 'self-certifi' inspection tool will allow SMEs and brokers to undertake virtual inspections to support asset finance and refinancing of existing assets, reducing the time and cost of physical inspections.
Steve Nichols, managing director of asset finance at Time Finance, commented: “With our continued growth and strategy to utilise technology as an enabler, we needed a trusted and reliable technology partner that could integrate seamlessly with our existing processes. verifi enables us to carry on managing the risks in our business, whilst continuing to support our brokers, suppliers and customers with the high level of service they are used to receiving from us. The verifi platform allows us to inspect more assets at all stages and collect consistent and usable information quickly and cost effectively to inform our lending and risk management decisions across the entire SME-lending portfolio. We are confident that verifi will be an important partner to help manage risk in our asset finance operations moving forwards."
Should help to support margins. Every little helps