Since formation in 2005 Asset Finance Solutions has evolved considerably. As our network grew, we recognised that having a direct presence in the market conflicted with our network members. So like many of our funding partners we took a step back and focussed on delivering what our network members needed.
We are now arguably one of the largest asset finance brokerages in the UK, being a “hub” for over 50 independent brokerages who benefit from being part of the network. Not only do we provide our network members with an unrivalled panel of funding partners, but we also provide them with access to an industry leading proposal management system and countless other systems and facilities which ensure their customers receive a market leading choice and service.
When the FCA took control of consumer credit many of our network members were concerned as to whether they could meet the regulators expectations, so they asked us to step in and provide them with everything they needed to be compliant in the new regime. We have built a compliance department around that requirement. We have all the policies and procedures in place and we have the systems and staff to ensure we can monitor and supervise our network as required by the regulator.
One very important point to remember is that each of our network members runs an independent business and as such their information can only be viewed by them and the compliance team. Customer data cannot be transferred or shared as this would breach the FCA’s and ICO’s rules as well as totally undermining our business model.
We have recently appointed a number of new network members and having asked those new members why they chose us, the message coming back is that access to the funding lines is important as is the comfort of having their regulatory commitments supported by AFS, but most importantly is the fact that as an AFS network member they have the benefit of being part of the group, but maintain their independence and control of their customers, introducers and therefore their future.
So if you are looking to maintain your independence whilst providing your customers with access to over 50 funding lines and if you are looking for a regulatory foundation to enable you to focus on delivering the best outcomes for those customers, then maybe now is a good time to pick up the phone and talk to AFS : Speak to Justin on 07740 095701