MINNEAPOLIS, MINNESOTA (December 18, 2024)— Truepic, the enterprise solution for digital content authenticity, and Northteq have partnered to launch a next-generation solution that automates site inspections for equipment finance lenders. Lenders are now able to streamline equipment verification, enabling faster deal funding while reducing costs and enhancing fraud prevention. Truepic’s authenticated imagery platform, Vision, is directly integrated with Northteq’s Aurora Loan Origination System (LOS) and is referred to as Truepic Direct. Truepic’s Vision platform is also available as a standalone Salesforce solution.
Waiting for equipment to be inspected for delivery and acceptance has been a chronic pain point for lenders, consuming valuable time and resources. Truepic’s innovative technology streamlines the inspection process, leveraging advanced image verification and AI fraud prevention tools to reduce delays, mitigate risk, and significantly lower operational costs. By eliminating geographic barriers, this collaboration also enables Aurora clients to expand their serviceable footprint, ultimately delivering a more seamless and secure lending experience for customers.
Adding to Aurora’s suite of self-service features, Truepic Direct introduces self-service equipment inspections, allowing borrowers to capture photos and videos of equipment directly from their smartphone or tablet. Truepic’s technology then automatically authenticates and verifies the image’s integrity. The platform checks for tampering and validates geolocation, timestamps, and device information—all in real-time.
“We’re excited to partner with Northteq to make our technology more accessible to the equipment finance industry. Truepic gives lenders a level of verification that traditional inspections simply can’t match,” commented Craig Stack, founder and president of Truepic. “Our platform goes beyond basic media uploads, helping deliver accuracy, security, and peace of mind in a fraction of the time.”
Truepic’s multi-layered authentication process includes:
- Automatic serial number identification
- Odometer verification
- Precise geolocation
- Timestamp and device information capture
- Advanced digital manipulation detection
- Comprehensive inspection reporting
“Traditional site inspections are slow, costly, and create unnecessary roadblocks for lenders, borrowers, and vendors alike,” said Kristian Dolan, chief executive officer of Northteq. “By partnering with Truepic and integrating their authentication technology with Aurora LOS, we’re simplifying the equipment verification process. Our seamless, self-service experience enables lenders to fund deals faster, lowers operational costs, strengthens fraud detection, and helps ensure vendors and dealers get paid sooner.”
About Truepic
Truepic provides authenticity infrastructure for the internet. The company’s transparency tools deliver verifiable information about the origin and editing history of digital content. Truepic is dedicated to advancing products and services that establish transparency in digital content, empowering viewers and users to identify authenticity and differentiate human from computer-generated. Recognized as one of TIME’s Best Inventions and Fast Company’s World Changing Ideas, consumers, businesses, creators, and publishers trust Truepic’s technologies to make informed decisions.
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