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QuickFi, Great American Insurance Group Launch API-Enabled Insurance Solution

October 05, 2022, 07:25 AM
Filed Under: Industry News

QuickFi and Great American Insurance Group launched an API-enabled insurance solution fully integrated into QuickFi’s 100 percent digital equipment financing platform, which is used by banks and global equipment manufacturers to finance equipment at the point of sale. The Great American– QuickFi integration provides instant, 24/7 protection for business equipment buyers at the point of sale.

QuickFi’s platform provides banks and manufacturers with the ability to provide self-service business equipment financing accessible from anywhere, at any time of the day or night. An API-enabled solution from Great American allows customers to select and activate equipment protection at the point of sale in a self-service application. The Great American integration on the QuickFi platform greatly improves and expedites the equipment acquisition experience.

“Great American Insurance Group is a leader in equipment finance insurance and we are delighted to work with them to develop an entirely new, borrower self-service protection option for small and medium business (SMB) borrowers, at the point of sale,” said Bill Verhelle, QuickFi CEO. “The Great American-QuickFi platform provides SMB borrowers with the most transparent, nearly-instant, financing and protection offerings available anywhere,” added Verhelle.  

“QuickFi’s innovative approach to self-service equipment finance aligns well with our API capabilities,” said Ken Schneider, Divisional Senior Vice President, Great American Specialty Equipment. “Providing an option to protect the equipment and meet insurance requirements through an easy, embedded protection program increases transparency and efficiency without jeopardizing the speed of the transaction.”

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