Northteq released its latest white paper on identity verification in equipment finance, providing eye-opening data and insights. 

There's a scenario playing out at equipment finance companies across the country. A deal comes in, someone on your team opens a browser tab and starts manually looking up a business entity on a Secretary of State website (then another, then another) and by the time they're done, they've spent more time verifying that a business exists than it took to make the actual credit decision.

Meanwhile, a fraudster just made their third on-time payment, right on schedule, before disappearing with the equipment.

This is the 2026 reality northteq addresses in its latest white paper, Identity Verification in Equipment Finance: Why Your Process is Broken (and how to fix it). With synthetic identity fraud projected to cost US lenders $2.4 billion annually by 2027 and every dollar of fraud now carrying a $4.00 total impact, the pressure to get this right is growing every day.

Pulling from real-life, candid conversations with some of the sharpest people in equipment finance, and with insights from northteq's partner Middesk (a fintech leader in business identity verification), this white paper breaks down what's driving the problem and lays out a clear, step-by-step path to building a verification process that actually holds up.

The full white paper is available for download here.