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 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.