Shawbrook joins the Acquis Lumia community

• Shawbrook has signed an agreement with Acquis Lumia to use & develop a new fraud deterrent system.
• The bank’s risk team will work closely with Acquis Lumia over the next 12 months on the development and testing of the new asset finance software
• The new system will facilitate fraud checks to enable better risk assessment and avoid duplicate borrowing requests from potential customers

Shawbrook has been a part of the Acquis Lumia journey from the start and has collaboratively worked with Acquis Data Services and other asset finance providers to shape the product to become a real solution to tackle fraud in the industry.

Chris Cornwell, Senior Director – Asset Finance Risk, Shawbrook commented: 

“From the town hall event Acquis facilitated in January 2022, it was clear that our industry had a real desire to work together on a simple solution to tackle asset finance fraud.  We are delighted to have joined the Lumia community and supported the development of this unique product. We’re looking forward to continuing to work with all parties to demonstrate our commitment to reducing fraud in the marketplace.”

James Rudolf, Director, Acquis Data Services added:

“It has been great to work alongside Chris and his team, their insight and collaboration on Acquis Lumia has been hugely appreciated and we’re excited to have them on board."