Leasepath, a cloud-first intelligence workplace finance origination and customer engagement platform for the asset finance industry, entered into a partnership with IDology, a GBG company and provider of digital identification, verification and authentication services. The partnership will provide Leasepath customers access to applicant background data to enable smarter and faster leasing decisions.

“Speed and efficiency are critical elements for success within the leasing industry,” Jeffrey Bilbrey, CEO of Leasepath, said. “By adding IDology’s ExpectID Scan solution and unique data pull features at the top of the funnel, our customers have immediate access to all critical data necessary to make a funding decision and the power to leverage the Leasepath system to take automatic action on the application.”

Leasepath’s intelligent workplace platform was designed to help equipment finance companies increase organizational capacity; automate pricing, quoting and documentation processes; improve workflow; implement credit automation; enhance fraud mitigation; and provide reporting and dashboard capabilities. With IDology’s identity verification and authentication solutions digitally integrated into the Leasepath solution at the beginning of the origination process, asset finance organizations will gain immediate access to an applicant’s driver’s license and know-your-customer (KYC) data.

“With IDology and Leasepath, finance companies can offer automated, data-driven decisions to their vendors and brokers with just the scan of a driver’s license,” Christina Luttrell, CEO of IDology, said. “Not only is the process faster, it allows for absolute confidence in the identity verification process.”