Metro Bank adopts verifi’s virtual asset inspection platform

Metro Bank has adopted verifi’s virtual asset inspection platform to support its SME asset finance operations.

Following a successful trial, Metro Bank has entered into a two-year strategic partnership with verifi, selecting its self-certifi platform to streamline asset inspections across its lending portfolio.

verifi’s platform empowers finance customers, brokers, and supplying dealers to conduct their own inspections, eliminating the need for traditional third-party physical assessments. This shift enables Metro Bank to verify asset existence and condition in minutes rather than days, dramatically accelerating decision-making and reducing costs.

By leveraging verifi’s technology, Metro Bank can now inspect a larger proportion of its lending portfolio with consistent standards across all deals. The platform automates previously manual processes, freeing up internal resources for more strategic tasks. It also enhances risk management by providing data-driven insights and robust fraud prevention measures.

verifi’s AI-powered “spuuf” product ensures real-time validation of asset imagery and prevents the upload of images from external sources, maintaining the integrity of the inspection process.

Customers benefit from a rapid and seamless experience when submitting asset information, with the platform maintaining the highest levels of security and compliance.

“Our inspection platform delivers verified asset information in minutes, not days. We are delighted that Metro Bank has placed its trust in verifi and look forward to a long-standing partnership.”