Retail and commercial bank becomes the latest organisation to join the register of asset finance borrowing
Acquis Data Services has today announced that Metro Bank has become the latest organisation to sign up to the Lumia community.
Launched in 2022, Lumia is a register of asset finance borrowing that provides a clear and real-time view of a company’s current asset finance arrangements. It has been developed with the cooperation of lessors from across the industry and enables asset finance providers to identify suspicious or irregular balance sheet borrowing on a large scale – and alert the lender to possible fraudulent activity.
James Rudolf, Director at Acquis Data Services commented on the news: “We are delighted to be welcoming Metro Bank to the Lumia community. As the 35th organisation to sign up the strength and effectiveness of Lumia is growing, contributing to creating meaningful change within the industry.”
Nova Everidge, Director at Metro Bank commented: “We’re really proud to be a part of the Lumia community, working in partnership with the wider industry to mitigate risk and make more informed lending decisions. Lumia is the perfect solution – we’ve needed something like this within the industry for many years, helping us to identify suspicious behaviour in a way that feels collaborative.”
For more information about Acquis Data Services and Lumia, please visit: https://www.acquisdataservices.com/
