Online Asset Check

Don't give double financing a chance

In addition to the detailed examination of all persons involved in a transaction, the property serving as collateral must usually also be subjected to an assessment in the case of sales and wholesale finance. Careful calculation of the loss in value, residual value and repurchase value is just as important as checking the existence and condition of the property as part of so-called floor checks. It is also important to clearly identify the ownership structure of the financed or leased property before approving the contract and to avoid multiple or cross-financing.

Using extensive external property databases, the solution enables the early identification of properties with multiple financing.

Key features of Online Asset Check

Together against double, multiple and air financing

  • Check against central property portfolio
    Check of financing properties against a central, cross-bank property portfolio (e.g. of the PS team) with the aim of identifying double financing and avoiding purchases.
  • Individual check or check in bulk
    Flexible, event-related individual checks as part of the application process or automated check of the entire or partial portfolio against blacklists.

  • Targeted search
    Object check based on serial/identification number and, if applicable, manufacturer, model and type.

  • Results list
    Automatically generated hit list for manual or automated processing.

  • Integrated processing
    Convenient processing of the hit list including verification, upload of documents and automatic dispatch of messages.

Benefits

Cost savings

Reduction of costs by avoiding fraud cases and manual checking activities by the financial service provider's clerks.

Simple integration into existing processes

The solution can be easily integrated into existing systems or processes via defined interfaces with or without a reference interface.

Philipp Oberleitner
Managing Director & COO/CSO

Patrick Scharwenka
Chief Product Officer

Dr. Lars Rüsberg
Sales Manager

Philipp Oberleitner
Philipp Oberleitner
Managing Director & COO/CSO

Patrick Scharwenka
Patrick Scharwenka
Chief Product Officer

Dr. Lars Rüsberg
Dr. Lars Rüsberg
Sales Manager

NAVAX Software GmbH will never sell, market or disclose personal information to third parties.
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