Northteq, a leader in delivering Fintech solutions for the commercial lending industry, and Middesk, developers of the new standard in business identity, have partnered to bring SOS Automation to Salesforce.com with their newly launched Business Identity Direct app.
“This partnership with Middesk, allows us to fully automate lease/loan origination workflow with the inclusion of Secretary of State verification,” said Kristian Dolan, CEO at Northteq. “Salesforce.com continues to be proven as a major disruptor in lending and leasing software and we are thrilled to offer this turn-key service to the lending industry.”
Available automatically or via a click of a button within Salesforce, Northteq’s Business Identity Direct app will integrate with Middesk’s services to:
- Return the details from the Secretary of State
- Store details for the company’s officers, website, social profiles, and addresses
- Validate the Tax ID
- Check the OFAC SDN list
One of the first lenders to benefit from the new Business Identity Direct app is ENGS Commercial Finance.
“With the addition of validating through automation the business identity from the Secretary of State, is another enhancement to our commitment on delivering on our FINTECH digital strategy of streamlining the finance experience, ” said Christopher D. Johanneson, Vice President of Digital Strategy, Marketing & Originations. “Northteq and Middesk were able to deliver the “missing link” with the automation of Secretary of State.”
Northteq and Middesk’s Business Identity Direct app adds to the list of plug and play Salesforce.com apps currently available for lenders.
“We are excited to introduce our Identity product to the Salesforce.com ecosystem,” said Kyle Mack, Founder and CEO of Middesk. “We have a strong partnership with Northteq and we look forward to continuing to introduce new features and value to the Commercial Lending and Equipment Finance industries.”
About Northteq
Headquartered in Minneapolis, MN, Northteq specializes in integrating FinTech microservices to provide turn-key Salesforce.com “apps.” As a Salesforce.com Cloud Alliance and AppExchange partner, it also offers a fully automated Salesforce.com Lease/Loan Origination System, Vendor and Customer Portals, and its turn-key origination solution, LenderKiosk. Northteq was formed in July 2020 when Tamarack Consulting spun off its Salesforce.com product division into a separate entity, Northteq. Northteq provides innovative products and services backed by a highly experienced team. For more information, please visit northteq.com.
About ENGS
ENGS, a Mitsubishi UFJ Lease & Finance company, is one of the largest and most respected finance companies in in the world, providing best-in-class Lease and Loan solutions and is a leading lender to the Transportation, Construction, and Industrial Equipment segments, as well as a leading provider of Working Capital and Insurance products. With its cutting-edge technologies and industry leading digital strategy, ENGS puts the power of a virtual finance company in the hands of our vendors to enable them to control the structuring of a transaction to sell more equipment, more efficiently, in less time while promoting repeat business.
About Middesk
Headquartered in San Francisco, CA, Middesk is the easiest way to verify the legitimacy of any business. Middesk is the first company to provide reliable access to Secretary of State data in all 50 States, enabling innovative companies to accelerate their customer onboarding while managing risk, at scale. Backed by Sequoia Capital and Accel Partners, Middesk’s business Identity product applies modern data science and machine learning techniques with trusted data sources to verify business identities in real-time, improving coverage by up to 60% while cutting manual review times as much as 80%. To learn more, visit Middesk.com.
