UK-based Kingsley Asset Finance has integrated verifi’s virtual asset inspection platform as part of its digital transformation efforts.

The technological integration is aimed at enhancing service for Kingsley’s clients and brokers.

The self-certifi platfom is expected to enable Kingsley to expedite asset inspections, accelerating responses and fund releases.

verifi co-founder Jonathan Garnett said: “Our platform empowers Kingsley Asset Finance to not only make faster, data-driven decisions but also to deliver a more seamless and modern service to their customers.

“Our ability to provide reliable, real-time data on asset existence and condition gives Kingsley Asset Finance a powerful tool to manage risk and stay ahead in a competitive landscape. We are delighted to partner with a forward-thinking firm like Kingsley Asset Finance that is committed to leading the industry’s digital evolution.”

The implementation is also anticipated to enhance Kingsley’s risk management strategies.

The AI-powered “spuuf” feature, along with a secure “closed system” environment, aims to mitigate the risk of fraud, improving the company’s underwriting practices.

The adoption aligns with Kingsley’s approach to funding various assets and sectors such as commercial vehicles, manufacturing and construction equipment.

Kingsley Asset Finance managing director Jonathan Smith stated: “We’re pleased to be partnering with verifi. We have become known for our speed of service, and using this platform will allow us to make those credit decisions and get funds to our customers even faster.

“As a business that is over 30 years old, we are always looking for ways to refine our processes and services and keep up to date in an ever-changing technological world.”