INNOVATION FINANCE SELECTS DAON TO HELP DRIVE CLIENT EFFICIENCY AND CONVENIENCE USING DAON’S IDENTITYX® PLATFORM

New mobile app will reduce three-week equipment-financing process to three minutes

RESTON, VA (OCTOBER 11, 2018) – Daon, a leader in biometric identity technology, is pleased to announce that 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,” said Bill Verhelle, CEO, Innovation Finance. “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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ABOUT INNOVATION FINANCE

Innovation Finance, www.innovationfinance.com, specializes in equipment financing for large, creditworthy corporate borrowers located throughout the US. The company’s strategy is based on principals of transparency and a dramatically improved customer experience. Innovation Finance’s revolutionary self-service mobile application, QuickFi, is the first of its kind in the FinTech industry. Find out more via QuickFi, LinkedIn, Twitter or Facebook.

ABOUT DAON

Daon, www.daon.com, is an innovator in developing and deploying biometric authentication and identity assurance solutions worldwide. Daon 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. Daon's IdentityX® platform provides an inclusive, trusted digital security experience, enabling the creation, authentication and recovery of a user’s identity and allowing businesses to conduct transactions with any consumer through any medium with total confidence. Get to know us on Twitter, Facebook and LinkedIn.

Media and Analyst Contacts

Kelly Armbruster, Marketing Manager
Innovation Finance USA LLC
kelly@quickfi.com
585-207-0117

Dyanne Smith, Senior Manager, Marketing & Communications
Daon
Dyanne.Smith@daon.com
703-984-4016

Kim Lehman, Public Relations Specialist
SRA Communications
kalehman@ptd.net
717-599-0891