Quiktrak brings global asset risk management expertise to Finance Connect

Finance Connect has announced Quiktrak as its latest associate member, bringing international expertise in inventory auditing, asset inspections and risk management to its growing specialist finance community.

Headquartered in the United States, Quiktrak operates across 44 countries, combining technology-led solutions with an established network of field inspectors to help lenders manage portfolio risk. The company has been operating in the UK since 2004, supporting asset finance providers ranging from emerging lenders to major financial institutions.

With a strong heritage in asset inspection and verification, Quiktrak is helping lenders move beyond traditional periodic physical audits towards a more connected, data-driven and risk-based approach to collateral monitoring.

Central to this development is CHECKS, Quiktrak’s digital audit platform, which is designed to make inventory verification more efficient, responsive and intelligent.

The platform enables dealers to complete digital stock verification activities through configurable workflows, incorporating VIN scanning, optical character recognition (OCR), GPS and timestamp verification to provide lenders with greater visibility of financed assets.

CHECKS also uses intelligent risk indicators to identify anomalies, discrepancies and potential fraud, helping lenders prioritise areas requiring further investigation. By combining digital verification with targeted physical inspections, Quiktrak aims to direct resources towards higher-risk accounts and larger exposures while reducing unnecessary administration.

As a Finance Connect associate member, Quiktrak will have opportunities to share its international experience and contribute to discussions around asset risk management, fraud prevention, technology and the evolving challenges facing lenders across the UK and European markets.

Edward Peck, Founder and CEO of Finance Connect, said: “We are delighted to welcome Quiktrak as an associate member of Finance Connect.

“Effective asset verification and risk management are fundamental to the asset finance industry, particularly as lenders look to strengthen portfolio oversight while improving operational efficiency.

“Quiktrak brings extensive international experience and a valuable perspective on how technology, data and physical inspections can work together to support more effective risk management. We look forward to Ross and the team sharing their expertise, building relationships across our community and contributing to discussions around innovation and best practice in asset finance.”

Ross Oliver, Director of EMEA Operations at Quiktrak, said: “We’re delighted to become an Associate Member of Finance Connect.

“Having experienced first-hand the quality of its events, the calibre of its attendees and the valuable insights shared both in the room and across its media channels, we’re excited to become part of such a well-connected and knowledgeable community.

“For Quiktrak, this membership reinforces our commitment to becoming the trusted partner for asset risk management across the UK and Europe.

“We’re looking forward to learning from the collective experience within the Finance Connect community, building new relationships and contributing our own perspective. With our international experience in asset verification, inventory auditing and risk management, we believe we can bring valuable insight into global best practice, emerging risks and the evolving challenges facing the finance industry.”

For more information, visit https://quiktrak.com/ or follow Quiktrak on LinkedIn.

To learn more about becoming a Finance Connect Corporate or Associate Member, contact Joe Nilsson, Business Development Director, at +44 (0) 7379 096 111 or via email at joenilsson@finance-connect.com.