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Bill Verhelle, Past Chairman of the ELFF on the Transformation of the Equipment Finance Industry

October 16, 2017, 07:00 AM

VIDEO INTERVIEW: Bill Verhelle, Immediate Past Chairman of the Equipment Leasing and Finance Foundation (ELFF) describes how young thought leaders and emerging technologies are impacting the equipment finance industry in the U.S.

In this latest installment of Equipment Finance Advisor's Thought Leadership Video Series, Bill Verhelle, Immediate Past Chairman of the Equipment Leasing and Finance Foundation discusses the transformation the equipment finance industry is undergoing – transitioning from an environment where size and scale were once defining factors for success, to an environment where the effective utilization of technology coupled with encouraging thought leadership from younger employees can create competitive advantages for any size firm – including smaller firms.

Verhelle also explains how young people entering this industry will be the drivers of innovation, and how it can be a competitive disadvantage to not harness the talents of younger employees.

Equipment Finance Advisor’s Thought Leadership Videos feature interviews with subject matter experts and leaders from bank-owned equipment finance companies, banks, independent commercial finance companies, consultants, service and product providers and more – offering their candid thoughts in interviews broadcast via Equipment Finance Advisor’s YouTube Channel.

Bill Verhelle
Chief Executive Officer | QuickFi by Innovation Finance
Bill is the Founder of Innovation Finance USA LLC and First American Commercial Bancorp, Inc. d/b/a First American Equipment Finance.

Innovation Finance® is the creator of QuickFi® a patent pending self-service equipment financing platform incorporating A.I., blockchain, facial recognition, drivers’ license authentication and the latest mobile and cloud technologies.

QuickFi® facilitates business equipment financing transactions that previously took days or weeks in three-minutes, 24/7/365, from anywhere. Several of the world’s leading global business equipment manufacturers have selected QuickFi® to enable faster more profitable equipment sales.

Bill served as the cofounder and CEO of First American Equipment Finance (from its launch in 1996 until 2015). While a student at Cornell Law School in 1996, Bill founded First American with his long-time friend and business partner, Guy Klingler. They sold the business to City National Bank (now Royal Bank of Canada) in 2012. Today, First American serves as Royal Bank of Canada’s U.S. equipment finance business, with several Billion Dollars in assets.

Bill has J.D. from Cornell Law School ('98), an MBA from the Anderson Business School at UCLA ('92) and a Bachelor of General Studies degree from the University of Michigan in Ann Arbor ('88). Bill is a member of the New York bar and is also admitted to the New York Court of Appeals and to the U.S. Supreme Court.

In 2009 Bill served as the Chairman of the ELFA in Washington DC.

Bill and Cyndee Verhelle reside with their four children in Naples, FL.
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