Partnership with IDology provides immediate access to critical data necessary for funding decision for Leasepath customers.
Atlanta, GA (March 22, 2022) — Leasepath, the cloud-first Intelligent Workplace Finance Origination (LOS) and Customer Engagement (CRM) platform built for asset finance, has entered into a strategic partnership with IDology, a GBG company and trusted leader in digital identification verification and authentication. The partnership provides Leasepath customers immediate access to applicant background data that enables smarter and faster leasing decisions.
“Speed and efficiency are critical elements for success within the leasing industry,” said Leasepath CEO Jeffrey Bilbrey. “By adding IDology’s ExpectID Scan solution and unique data pull features at the top of the funnel, our customers have immediate access to all critical data necessary to make a funding decision and the power to leverage the Leasepath system to take automatic action on the application.”
Leasepath’s Intelligent Workplace platform is purpose-built to help equipment finance companies increase organizational capacity, automate the pricing, quoting and documentation process, improve workflow, implement credit automation, enhance fraud mitigation, and provide expansive reporting and dashboard capabilities. With IDology’s robust identity verification and authentication solutions layered digitally integrated into the Leasepath solution at the beginning of the origination process, asset finance organizations gain immediate access to an applicant’s driver’s license and KYC data – dramatically accelerating the decision-making process.
“With IDology and Leasepath, finance companies can offer automated, data-driven decisions to their vendors and brokers with just the scan of a driver’s license,” said Christina Luttrell, CEO of IDology. “Not only is the process faster, it allows for absolute confidence in the identity verification process.”
The partnership displays Leasepath’s continued commitment to bringing new opportunities for innovation to the equipment finance industry. In partnering with IDology, Leasepath is making world-class solutions more accessible to finance companies. IDology functionality was added to the Leasepath platform as part of a recent quarterly update that added new features and solutions automatically. Interested customers can connect with their Leasepath customer success representative or an IDology representative to begin the journey towards simplified and streamlined applicant identify verification and authentication.
IDology, a GBG company, is transforming identity verification and fraud deterrence for businesses worldwide with innovative, multi-layered solutions and the data control, precision and transparency needed to build trust in a digital world. Through a combination of dedicated fraud experts and artificial intelligence, IDology leverages thousands of physical and digital data sources to deliver the industry's most accurate locate results. With frictionless, secure digital identity verification, IDology helps businesses stay ahead of shifting fraud trends and empowers them to build trust, deter fraud and maintain compliance for long-term revenue growth. Many of the largest technology and financial services companies in the world rely on IDology's innovative multi-channel identity verification technology, consortium network and diverse team of dedicated fraud experts. For more information, visit www.idology.com.
Leasepath is the fully digital Intelligent Workplace solution for Customer Engagement (CRM) and Origination (LOS) built exclusively for the asset finance industry; serving Banks, Independent Finance, Captive Finance and Brokers in North America, the United Kingdom and Australia. Leasepath's SaaS solution leverages the Microsoft Power Platform to provide a proven, quick to implement, cloud-first solution with pre-built automation, pricing tools, amortization calculators, asset management, and integrations with credit bureaus and other mission critical applications. Leasepath is the preferred choice to equipment finance businesses to win more, risk less, and profit more. Learn more about Leasepath at www.leasepath.com.