Acquis Data Services has today announced that Lloyds Banking Group has joined Lumia, the register of asset finance borrowing, officially making it the 41st organisation to join the growing network.
Lloyds Banking Group is one of the UK’s largest financial services organisations, serving over 26 million customers. It established an asset finance division in 2000, allowing business to unlock finance for equipment, vehicle and machinery finance without disrupting cash flow. As a major lender to UK businesses and households, the Group plays a critical role and is strongly focused on digital innovation, financial inclusion, and the provision of finance to support clients’ sustainability goals.
Launched in 2022, Lumia provides a 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.
Director at Acquis Data Service, James Rudolf, said, “The Acquis Lumia team is delighted to welcome Lloyds Banking Group—a leader in the financial industry—to the Lumia community. Our mission is to combat financial crime and fraud through advanced early detection tools, and this collaboration significantly enhances our ability to drive meaningful impact across the sector.”
Head of Asset Finance at Lloyds Banking Group, Neil Temple, says, “We’re proud to be part of the Lumia community, collaborating with the broader industry to reduce risk and enable more informed lending decisions through a collaborative and industry-wide approach.”
