Vehicle Asset Solutions (VAS) and jaam automation have introduced an AI-powered Attestation and Audit Portal, aimed at enhancing oversight within the UK motor finance industry.

Designed to facilitate compliance and reduce administrative tasks, the portal is now accessible to finance providers throughout the UK.

It utilises AI to offer a standardised oversight process, assisting funders in maintaining “consistent, scalable and regulator-aligned” reviews.

The platform also aims to reduce the repetitive and complex nature of compliance tasks for dealers and brokers.

Additionally, the portal encompasses two integrated oversight services: the Motor Finance Oversight Attestation and the Motor Finance Oversight Audit.

The first one is an AI-facilitated self-assessment tool used by brokers and dealers, leading to a report on regulatory health for funders. 

The Motor Finance Oversight Audit provides a thorough audit, which can be conducted virtually or in person, based on a scheduled or risk-triggered basis.

VAS managing director Paul Neal said: “This platform is not just a tech tool – it’s a strategic compliance asset. It empowers funders to deliver meaningful oversight while reducing the pressure on dealers and brokers. Most importantly, it helps raise industry standards through structured, repeatable best practice.”

Funders can leverage the system to compare their networks against essential compliance benchmarks, including Consumer Duty and Commission Disclosure. 

This comparison serves as a “benchmark” to gauge the extent to which networks fulfil oversight obligations and comply with Financial Conduct Authority (FCA) regulations.

The platform also offers options for targeted follow-up actions, such as additional training or in-depth audits.

The portal’s workflow integrates dealers, brokers, funders, and the VAS quality assurance team in a collaborative space.

Attestations processed by AI are organised through an “intelligent tasking system” with scoring and collaboration tools.

jaam automation co-founder and chief strategy officer Andrew Murphy said: “This is the kind of digital transformation the industry has been searching for. Our platform blends automation, AI, analytics and oversight tools to provide an intelligent, futureproof way of managing regulatory risk. It’s scalable, secure and built specifically for the world of motor finance.”