Acquis Data Services has today announced Bibby Financial Services as the latest asset finance provider to subscribe to Acquis Lumia – a central register of asset finance borrowers designed to reduce fraud in the industry.

Bibby Financial Services will work with Acquis Data Services along with other parties to provide the necessary datapoints to highlight possible fraudulent activity and to improve lending decisions.

Derek Ryan, UK – Managing Director, Bibby Financial Services commented: “The asset finance industry finds itself at a critical point in its fight against fraud and we are delighted to have signed up at an early stage to Acquis Lumia. Our industry has been calling for some time for a quick, easy and innovative solution that improves the way we operate; Acquis Lumia is showing that it is just that solution and working together we are sure it will contribute to reducing fraud in the sector.”

James Rudolf, Director, Acquis Data Services commented: “It’s fantastic to be working with Bibby Financial Services for the first time, having another significant player in the market on board with Acquis Lumia will directly contribute to the industries fight against fraud. We are seeing momentum swinging in Lumia’s direction as more industry figures collaborate and join our community.”