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Innovation Finance Selects Daon Platform, Cuts Processing to Three Minutes

October 12, 2018, 07:20 AM
Filed Under: Industry News

Daon, a leader in biometric identity technology, announced Innovation Finance will deploy Daon’s IdentityX platform to drive its latest effort to create a better client experience.  By offering sophisticated borrowers unprecedented access to low-cost capital on the most modern client-accessible lending platform, QuickFi, Innovation Finance will reduce a process that typically requires 20 signatures and three weeks down to just three minutes. 

“With customers already successfully deploying our IdentityX platform across six continents in the financial sector, it is rewarding to see innovators in other sectors discovering the power and convenience of mobile biometric authentication,” said Tom Grissen, CEO, Daon. “Innovation Finance CEO, Bill Verhelle, is a business visionary who inherently understands the need to deliver a better, more efficient client experience that also prioritizes security. We are proud to partner with Innovation Finance on this exciting new project that will dramatically change the way its clients do business.”

Innovation Finance provides equipment financing for manufacturing, medical, technology and other business equipment. The company’s founders previously created and led one of the most successful commercial finance businesses in the United States. Innovation Finance’s QuickFi mobile application offers a dramatically faster and better client experience.

“Daon was the obvious partner to help us create a mobile platform that is changing the way commercial borrowers access capital for equipment purchases,” Verhelle said. “Daon has proven again and again the ability to help its customers improve their mobile development initiatives while maintaining a secure platform. Daon’s expertise in biometric authentication is a key component of our technology, and the enhanced security is invaluable to our clients.”

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