Acquis Data Services has introduced a “portfolio monitoring” feature to its Lumia platform, a central register for asset finance borrowing.  

The enhancement, according to the company, is designed to help users identify and monitor “significant changes” in customer borrowing over time. 

Before this update, Lumia users could access information such as a company’s current net balances, lease start dates, and the number of contracts in place.  

With the new functionality, users can now track how borrowing values evolve during the life of the agreements, offering deeper insights into financial patterns. 

Launched in 2022, Lumia serves as a centralised register of asset finance borrowing, offering an overview of a company’s current asset finance arrangements.  

The platform currently hosts 36 asset finance companies, covering over 400,000 agreements with a total value exceeding £2.4bn ($3.2bn). 

Acquis Data Services CCO James Rudolf said: “Lumia has grown exponentially since its launch in 2022 and is fulfilling the vision that the industry had when we originally developed the platform.  

“We have already reached a tipping point in the industry, and the information available to users is growing in value every day. Now, with the addition of ‘portfolio monitoring’, we are providing our partners with a more proactive way to look at a customer’s current exposure to debt.” 

Recent additions to the Lumia platform include Metro Bank, which joined in January; and Liberty Leasing, which signed up last month.

Cambridge & Counties Bank, HSBC Equipment Finance and Renaissance Asset Finance have also signed up for the platform.  

Last week, the Finance & Leasing Association reported a 1% year-on-year increase in total asset finance new business, including leasing and hire purchase, for February 2025.  

Growth was driven by stronger performances in the IT equipment and plant and machinery finance sectors.