Cambridge & Counties Bank partners with verifi on asset inspections

Specialist lender Cambridge & Counties Bank has partnered with verifi to enhance its asset verification process and accelerate payouts across its growing asset finance business.

The bank has adopted verifi’s virtual asset inspection platform as part of its strategy to improve operational efficiency while maintaining its relationship-led, manual underwriting approach.

Cambridge & Counties Bank has built its asset finance proposition around bespoke lending decisions supported by experienced underwriters rather than standardised digital processes. The lender finances a diverse range of assets, including agricultural machinery, construction equipment, specialist vehicles and classic cars.

Traditionally, verifying the condition and existence of such assets has often required physical inspections, which can delay funding. Through the partnership, brokers and dealers will be able to use verifi’s self-certifi platform to complete secure asset inspections remotely using a mobile device, helping to reduce delays and improve the customer experience.

The agreement also includes the deployment of spuuf, verifi’s fraud mitigation technology, which validates the authenticity of images submitted during the inspection process. The technology is designed to provide lenders with confidence in the verification process while maintaining the speed and convenience of digital inspections.

The partnership comes as Cambridge & Counties Bank continues to expand its asset finance activities. In its latest annual results, the bank reported that its asset finance book grew by 45% to £241 million during FY2025. The lender also recorded a £46 million increase in its Classic, Vintage & Sports Car division, reflecting growing demand for specialist asset finance solutions.

Jonathan Garnett, co-founder of verifi, said: “Cambridge & Counties Bank’s commitment to manual underwriting and relationship-led banking is exactly why verifi is such a logical fit. We aren’t here to automate the lending decision; we are here to remove the friction in that process.

“By delivering high-quality, consistent asset data in an accessible format directly to their underwriters, we are helping CCB make their bespoke lending decisions faster and more securely than ever before.”

Glen Christie-MacAllan, Head of Asset Finance at Cambridge & Counties Bank, said: “There is heightened demand from businesses, and the finance brokers that work for them, for competitive asset finance funding.

“Through our tailored lending approach, Cambridge & Counties Bank is very well positioned to serve this market. Partnering with verifi allows us to significantly streamline our asset verification processes and reduce the time taken to payout, whilst ensuring our frontline team continues to deliver the highly personal, expert service our partners rely on.”