Daon, a provider of biometric identity technology, announced Innovation Finance selected Daon’s IdentityX mobile platform to drive its latest effort to create a better client experience.

By offering borrowers access to low-cost capital on a 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 of 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.”

“Daon was the obvious partner to help us create a mobile platform that is changing the way commercial borrowers access capital for equipment purchases,” said Verhelle. “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.”

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 U.S.

Daon develops and deploys biometric authentication and identity assurance solutions worldwide. It has pioneered methods for securely and conveniently combining biometric and identity capabilities across multiple channels with large-scale deployments that span payments verification, digital banking, wealth, insurance, telcos, and securing borders and critical infrastructure.