DataScan - Wholesale Lending and Verification

Consider the peculiar confidence of a bank financing a car dealer. Its collateral is polished, photographed and parked where everybody can see it. It also has wheels. A spreadsheet can sit still for a month; the object it describes has rather different ambitions. For a wholesale lender, the troublesome question is not simply whether an inventory record was accurate. It is how long that accuracy lasts.

The story in four points

The customer: institutions financing dealer inventory, including banks, captive lenders and independent finance companies.
The machinery: underwriting and loan accounting connected to inventory monitoring, mobile verification and physical audits.
The useful twist: digital evidence and full-time field auditors coexist in the same business.
The new chapter: Solifi acquired DataScan in September 2025; Hyundai Capital America adopted RiskGauge earlier that year.

DataScan works in that interval between a fact and its expiry. Established in 1989, the company supplies the systems and services lenders use to administer wholesale loans and examine the inventory securing them. Cars are a central market, but equipment, RVs, boats and powersports belong in the picture too. The setting changes; the lender still needs to reconcile money advanced with assets it can account for.

01 / THE MOVING OBJECTA loan ledger cannot walk the lot

Floorplan finance is lending against dealer inventory. The phrase sounds architectural; the business is considerably more mobile. A lender needs to administer balances, payments, interest and fees while understanding what is happening to individual financed assets. An orderly accounting system addresses one part of that task. An inventory check addresses another. Trouble can develop in the space separating them.

A physical audit supplies evidence at a particular moment. The inventory then carries on changing. Cars sell, units move between locations, and assets enter or leave transit. DataScan’s argument for continuous monitoring begins with this fairly unromantic observation: yesterday’s correct answer may be an inadequate answer today. The weakness being addressed is the interval between observations.

That distinction matters. It would be easy to tell this story as a triumph of software over people. DataScan still sells professional physical inspections. Its newer tools give a lender more ways to gather evidence between those visits, and more context for deciding where the next visit belongs. The ambition is to spend less time assembling the picture and more time examining the parts that look odd.

Three ways to ask: is it there?

Choose the evidence

RiskGauge connects inventory, retail sales, transit, location and audit information. Changes become findings that a lender can review between scheduled inspections.

COLLECT
Current inputs→CONNECT
Portfolio context→REVIEW
Human judgment

A conceptual workflow, not a measured performance chart. Each method answers a different part of the collateral question.

02 / THE BORING WORKWhere the money meets the record

Wholesale Intelligence, usually shortened to Wi, handles the daily business of wholesale loan accounting and portfolio management. Its dealer portal supports online payments, reporting, data extraction and communications. These are not decorative features. A lender and a dealer must be able to work from usable account information without every routine question becoming a telephone call.

DataCision starts further upstream, with dealer commercial credit underwriting and origination. It supports financial analysis, approval workflows, loan structures, documents and policy exceptions. The company reports that it went live in the first quarter of 2024. Its integration with Wholesale Intelligence makes the handoff between deciding on credit and administering that credit part of the product proposition.

DataScan360 brings underwriting, servicing and inventory risk into an integrated suite. Publicly announced in September 2024, it is aimed at dealer commercial lenders rather than people shopping for a personal car loan. The useful idea is continuity: a credit department’s view of the dealer should not become a stranger to the servicing department’s view, or to the audit team’s evidence.

03 / THE NEXT QUESTIONA photograph with something to prove

In April 2023, DataScan introduced uVerifi through a partnership with CheckVentory, with an exclusive agreement for North America. The launch described a straightforward procedure: send an authorized person a link, ask for photographs of specified assets, and collect the evidence through a mobile device. A dealer employee, relationship manager or auditor could do the work.

There is a practical reason to start with a phone. Sending an auditor to a distant dealer takes coordination and travel. Asking for evidence of a few selected units between scheduled audits may call for something quicker. DataScan specifically describes remote locations, low-volume dealerships and interim verification as uses for uVerifi. The convenience comes from using resources already near the asset.

The pocket-sized inspection request. DataScan’s uVerifi launch artwork makes the pitch in orange: let the person near the vehicle collect the evidence. Promotional illustration, 2023.

A photograph, however, is an opening question rather than a complete answer. uVerifi’s published features include optical character recognition, GPS verification, time and distance analysis, and image recapture detection. Those checks are intended to test the submission, not merely file it. Connecting the evidence to RiskGauge lets lenders review it alongside other inventory and dealer information.

“The ability to provide our clients with inventory risk management alternatives is critical to DataScan’s future.”
Brian Koprowski / uVerifi announcement / April 2023

04 / AFTER AUDIT DAYThe interval becomes a product

RiskGauge was announced in July 2024; DataScan’s subsequent conference recap dates its launch to the first quarter of 2025. The product connects multiple sources of dealer and collateral information, surfaces findings and supports follow-up. Current Solifi material describes inventory records, retail sales, in-transit information, GPS, physical audit results and dealer submissions among its inputs.

The appeal is not that every new data point signifies trouble. It is that a risk team can see changing conditions and decide which deserve attention. An exception becomes useful when someone can investigate it. A dashboard full of unresolved warnings would simply give the old administrative burden a more attractive address.

Hyundai Capital America supplies a concrete adoption example. In May 2025, it announced that it had implemented RiskGauge for daily collateral monitoring across its national dealer network. The announcement describes consolidated data, customizable workflows and the ability to identify and prioritize potential risk scenarios. It establishes that a named automotive finance institution adopted the tool; it does not establish a quantified return on investment.

45+

Major banks and captive lenders served by DataScan, according to the September 2025 acquisition announcement.

A reported customer count, not a market-share figure.

05 / SHOES ON THE GROUNDThe auditor stays in the picture

Onsite, formerly Audit Intelligence, combines audit technology with a full-time, in-house team of auditors. DataScan presented the rebrand at its 2025 user conference. The service integrates with Wholesale Intelligence and contributes physical audit evidence to the broader risk environment. Someone still goes to the place where the collateral is supposed to be.

This combination is DataScan’s distinctive market position: specialized loan software, connected risk information and an employed field-audit operation. It is not alone in marrying technology to inspections. Quiktrak also offers floorplan audit technology and field verification. Vero Technologies provides floorplan lending software and operational services. Buyers are choosing combinations of coverage, workflow and integration, not voting in a contest between human eyesight and a database.

DataScan sells to institutions through enterprise conversations and product demos, with software and audit services forming the commercial offering. The economic question for a lender is how much work the connected approach removes, and which verification activities it still needs. Those answers depend on the portfolio, data connections and inspection requirements.

06 / A WIDER BALANCE SHEETWhat Solifi bought

On September 23, 2025, Solifi announced its acquisition of DataScan. The financial terms were undisclosed. DataScan became “DataScan by Solifi,” and Brian Koprowski continued leading the business as President and General Manager. The announcement committed to continuity in existing customer service levels while setting out plans for digital audit innovation and broader wholesale-finance reach.

The fit is legible. Solifi supplies secured-finance technology across equipment, automotive, wholesale, working capital and asset-based lending. DataScan adds its North American wholesale-finance specialization and inventory risk capabilities. Integration with Solifi’s Open Finance Platform is the stated direction; the acquisition announcement describes a roadmap, rather than proof that every promised connection is already complete.

1989
The wholesale specialist beginsDataScan is established.
2023
Verification reaches the phoneuVerifi launches with CheckVentory in April.
2024
The pieces come togetherDataCision goes live; RiskGauge and DataScan360 are announced.
2025
A customer, then an ownerHyundai Capital America adopts RiskGauge; Solifi acquires DataScan.

The company’s client community and user conference give this specialist market places to exchange knowledge. Its April 2025 Scottsdale gathering included workshops, product discussions and a keynote from the Car Dealership Guy. Lending software lives among changing dealer practices, inventory pressures and bank requirements. Keeping that conversation going is part of maintaining the product.

07 / THE BORROWABLE IDEAAsk again before the answer gets old

There is a lesson here for businesses well outside car finance. Identify the facts that decay quickly. Connect the financial record to independent evidence where possible. Decide who must investigate a mismatch. Then choose the collection method that suits the question: incoming data, a requested image or a professional visit. This is an interpretation of DataScan’s design, and a useful sequence to copy.

It depends on timely inputs, credible evidence and people willing to act. A delayed feed cannot supply current knowledge. Dealer submissions need controls. Physical inspection remains valuable when digital evidence is incomplete or a finding calls for closer examination. More observations improve the opportunity to make a decision; they do not make the decision themselves.

That is why this apparently dry company is worth a look. Its business starts with the bank’s familiar ledger and follows the question outside, onto the lot. A car was there yesterday. For the person financing it, the interesting word is “yesterday.”

DataScan and the Car That Was There Yesterday