finPOWER Connect Security Enquiry Add-On
The Security Enquiry Add-On incorporates various interfaces to third parties to request security-related information, such as details on motor vehicles.
In New Zealand, the finPOWER Connect Security Enquiry Add-On provides a direct interface to MotorWeb to obtain reports containing comprehensive details of a motor vehicle.
Service Providers
- Centrix provides a Motor Vehicle Report (Wheels) with optional PPSR and valuation information.
- InfoAgent provides a Motor Vehicle Report with optional PPSR and valuation information.
- MotorWeb provides a Vehicle Information Report (VIR) that includes the results of 42 different checks performed across various private and government databases.
Vehicle reports include information such as:
- Make, model, colour, year, and other basic vehicle details
- Whether the vehicle has a security interest (i.e., PPSR Security Interest)
- Inconsistent odometer readings or possible odometer wind-backs
- Expired RUCs, WOFs, or licences
- Flood damage or stolen status checks
- De-registration or written-off status (potential accident damage)
Once the report is retrieved, key vehicle details are automatically used to populate the Security Item within finPOWER Connect. This reduces manual data entry and improves accuracy, particularly when the information is later used to register a security interest with the PPSR.