Built for the finance and insurance industry

VeriFI's AI powered inspection and audit platform is designed to enable institutional clients to collect specific and verifiable data across substantially more assets, quicker and more cost effectively than ever before

Seamlessly collect valuable usable data to support your portfolio underwriting

OUR MISSION

VeriFI's mission is clear

To be the industry-leader in providing independent, reliable, cost effective asset verification services to institutional providers of asset-based lending and insurance in the UK

Asset Finance

Developments in asset finance have clearly demonstrated lenders are incentivised to improve inspection and verification processes to complement overall risk mitigation strategies for their asset books. Improvements start by ensuring a clear path to title is established at the outset of the lending process and throughout the asset finance lifecycle.

Insurance

Similarly, insurers require adequate and effective verification processes at the point of cover to inform a clear view of the risk profile for items they underwrite. Failure to implement controls at the point of cover increases risk of leakage caused by misrepresentation, non-disclosure, and fraud.

OUR FOCUS

Our Name Illustrates Our Focus

VeriFI acts solely for Financial Institutions (FIs) helping them verify that the assets they lend against or underwrite actually exist, match the condition and specifications represented by the customer, and remain identifiable as such at all stages of the financing or policy lifecycle.

Our processes and technology provide our clients with the tools to capture observable quantitative asset information, driving risk mitigation measures in a non-intrusive, cost effective manner.

Integrity underpins everything we do. VeriFI is committed to serving and protecting the interests of our institutional clients.

OUR FOUNDERS

Bringing together decades of experience

Our provenance ensures that we bring together decades of experience of identifying risk, and creating tools and strategies to mitigate it.

Jonathan Garnett
Co-founder & CCO
Commercial strategy, product design, general counsel, and the occasional fast lap of a MotoGP circuit
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Jonathan has been a practising lawyer for 25 years. After 10 years working in private practice, specialising in all aspects of IT and intellectual property licensing, Jonathan transferred into the FinTech sector where, amongst other things, he managed the legal process for the infrastructure build and post-live supplier management for the UK Faster Payments scheme.

For the last 13 years, Jonathan has operated as general counsel to a number of clients in the international gambling, construction, manufacturing, retail, engineering, alcoholic beverage, and speciality chemicals sectors.

Jonathan has an astute and enviable knowledge of a vast range of commercial and corporate transactions; a key strength for institutional clients. He has a pervasive understanding of risk and how to develop systems and processes to identify it and, importantly, to implement highly effective mitigation strategies. His knowledge and experience in this respect, together with thousands of hours of legal due diligence and analysis across multiple industries, serve to add a unique dimension in how VeriFI is able to service its clients which has previously been missing in the asset inspection and audit sector and enables VeriFI to add an element of insight which is unparalleled in the marketplace.

Jake McAllister
Co-founder & CTO
Software engineering, AI, product design, and quite partial to EVs, tech gadgets, and the beautiful game
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Jake is an accomplished CTO with over a decade of experience in software engineering. His expertise lies in web-based CRM systems and omni-channel communication platforms.

His journey began as a full-stack software engineer where he honed his skills in software development, architecture, and design. His passion for building innovative technology solutions led him to specialise in web-based CRM systems and omni-channel communication platforms. This gave him a deep understanding of customer behaviour and enabled him to develop customised solutions that addressed their specific needs.

Jake has held CTO roles in multiple ventures, where he led cross-functional teams to develop and deliver complex projects. He also founded and ran his own successful software company, which he sold out prior to joining VeriFI.

Jake's experience in building large systems handling huge amounts of traffic whilst ensuring maximum uptime has been imperative to VeriFI in addressing the needs of the asset finance and insurance sectors; where reliability and resilience is critical.

His extensive experience in data science, from ML to AI, has given him the skills to build sophisticated tools capable of performing real-time analysis of data at the point of recording.

In his role at VeriFI, Jake leads the technical development of innovative solutions that will transform the asset verification capabilities of our institutional clients. He is passionate about using technology to solve complex problems and is committed to ensuring that VeriFI stays at the leading edge of industry.

OUR PLATFORM

VeriFI CRM

Manage your asset inspection processes at all stages of the lending or policy lifecycle, from inspection scheduling, customer engagement, and real-time reporting. VeriFICRM is the most advanced platform to deliver end-to-end asset inspection program for asset-based lender and insurers.

Asset Finance

VeriFICRM unlocks more accessible, efficient, and cost effective possibilities than ever before for asset-based lenders to manage their asset verification programs

VeriFI has developed the advanced platform to deliver an end-to-end asset verification program for lenders

With fraud mitigation measures in-built, our SELF-CERTIFI inspection tool is designed specifically to support verification of assets by the borrower or finance intermediaries, "interested" parties who would otherwise present fraud risks to lenders

We also have an established nationwide network of trusted inspectors ready to attend customer sites to conduct asset inspections utilising VERIFI'S inspection tool

VERIFI unlocks more accessible, efficient, and cost effective possibilities to asset verification activities than ever before

Insurance

VeriFICRM gives insurers the ability to inspect and establish insurable interest for the assets they underwrite; crucially, at the point of coverage rather than at the point of claim.

VERIFI has developed the most advanced platform to deliver an end-to-end insured item verification program for insurers.

With fraud mitigation measures in-built, our SELF-CERTIFI inspection tool is designed specifically to support verification of insured items by the policyholder or trusted intermediaries ; "interested" parties who would otherwise present fraud risks to insurers.

VERIFI unlocks more accessible, efficient, and cost effective possibilities to underwriting and fraud prevention processes than ever before

FEATURE RICH

Your Operational Powerhouse

SELF-CERTIFI INSPECTIONS

Industry-first remote inspection solution. Customers and/or intermediaries perform remote assset inspections without the need to send an independent inspector to site. Fraud risks mitigated. Opex reduced

ASSET SPECIFIC INSPECTIONS

Custom inspections covering all asset types: vehicles, HGV, yellow plant, industrial machinery, office equipment, etc

HD IMAGING

Asset imagery captured and stored in HD - assisting clients to record usable high quality data on asset condition and document uploads

SP UU F

VeriFI's proprietary real-time image validation algorithms validate authenticity of inspection imagery and implement counter-measures.

GEO-LOCATION

VeriFI remote asset inspection tool automatically validates location of asset inspection versus where asset expected to be

ULTRA TIGHT SECURITY

Commercial-grade data centres, cloud, and bare metal machines to meet the latest security standards

REAL TIME DATA

Inspection data written from inspection device to VeriFI platform in real-time

FRAUD PREVENTION

Meta-data collected at the point of inspection mitigates fraud risk

A.I. & HUMAN VALIDATION

A.I. tools validate inspection data. Anomalies identified and escalated

CLIENT INTEGRATIONS

Custom API integrations

AUTOMATED PROCESS

End-to-end automation - booking, customer engagement, inspection data capture and upload

OUR PLATFORM IN DEPTH

It Starts With The CRM

Our CRM lays the foundation for a seamless asset verification journey, fostering robust financial management and stakeholder engagement in a real-time, interactive ecosystem

 

A year in development, incorporating extensive learning from performing physical asset inspections and more detailed on-site audits, VeriFI has developed the most advanced platform to deliver an end-to-end asset verification program for an asset-based lender's and insurer's underwriting portfolios

VeriFI unlocks more accessible, efficient, and cost effective possibilities for lenders and insurers to manage their asset verification activities than ever before

The platform is built on CRM-focused architecture which means that we can seamlessly integrate to a lender's or insurer's asset management processe (both human driven and technology systems) whilst managing customer engagement throughout the asset verification process

We take the pressure off our clients' credit, underwriting, and sales functions by removing manually-intensive activities and automating them through our platform. From booking and arranging asset inspections, performing the inspections, to reporting into key stakeholders that rely on the results to enable informed lending, underwriting, and on-going portfolio risk decisions within critical timeframes

Our entire process is powered by VeriFICRM

REALISABLE BENEFITS

OPEX SAVING

Realise significant opex savings on client's asset verification programs

DATA INTEGRITY

Maintain the integrity and reliability of the data on client's asset portfolio

RAPID DECISIONS

Enable rapid decisioning at the outset of the lending or underwriting process

HIGH FREQUENCY

Enable higher frequency asset inspection regimes during entire asset finance lifecycle or policy period