Investing in Innovation: How Marble’s Inverite AI Platform is Revolutionizing the Lending Landscape
A pioneering AI-driven financial technology company is making waves in the world of fintech. The company, known for its innovative subsidiary, Inverite Verification Inc., recently achieved a remarkable milestone – a new monthly transaction record in August 2023. Let’s dive into the details of this achievement and explore how Marble Financial is transforming the lending industry.
Breaking Records in a Challenging Financial Landscape
Inverite Verification Inc., Marble Financial’s wholly-owned subsidiary, is a frontrunner in providing instant online verification solutions for lenders. In August 2023, Inverite achieved a new monthly transaction volume record, with a staggering 17% increase compared to the previous record set in May of the same year. This achievement pushed Inverite’s total unique Canadian customer profiles to over 3.3 million, underlining the industry’s trust and confidence in its platform and products.
Karim Nanji, CEO of Marble Financial, highlighted the significance of this milestone, especially in today’s challenging financial climate characterized by high interest rates and inflation. He stated, “Inverite continues to contribute growth in the Company’s top-line revenue and the acceptance by the alternative lenders in Canada. Inverite service offerings are providing value in their decision-making and adjudication process, in particular, our Inverite Score assists lenders in determining the likelihood to pay and probability of default, which is extremely positive for our AI and Data Science initiatives.”
Revolutionizing Lending with Advanced AI
At the core of Inverite’s success is its commitment to innovation and the utilization of cutting-edge artificial intelligence. Inverite offers a comprehensive solution tailored for alternative lenders, incorporating real-time identity verification and bank account validation tools. These tools enable lenders to make swift and precise assessments of loan applicants.
The platform is designed with a focus on both efficiency and compliance with regulatory standards, ensuring a smooth approval and onboarding process for customers. One of its standout features is the Confidence Score, an advanced AI-driven metric. This Score evaluates customers’ propensity to meet their payment commitments or default. By benchmarking this Score against the performance of short-term loans, it equips alternative lenders with refined insights into borrowers’ payment probabilities.
This tool is invaluable for lending institutions specializing in short-term loans, helping them strategically segment their portfolios and identify borrowers with minimal default risk. Integrated into the loan adjudication process, this data empowers lenders to make well-informed decisions, ultimately aiming to reduce default rates.
Inverite Verification Inc.: A Game-Changer in Fintech
Inverite Verification Inc., a Canadian open banking and consumer-directed finance provider, offers banking verification solutions that serve income verification, credit decisioning, fraud reduction, and know-your-client/anti-money laundering purposes. The company operates a cloud-based SaaS platform, allowing its technology solutions to seamlessly integrate into customer systems.
Currently, Inverite provides three SaaS services to customers: Bank Verification, ID Verification, and Confidence Scoring. It serves 100 active alternative lenders, granting them access to data from 286 Canadian financial institutions. Additionally, it offers multiple application programming interfaces (APIs) to access up to one year of user financial data within seconds through its bank verification service. Inverite even has plugins available for popular e-commerce platforms, including WooCommerce and Shopify.
Conclusion: Marble Financial Inc. – A Beacon of Innovation
Inverite Verification Inc.’s recent achievement underscores Marble Financial’s commitment to innovation and excellence in the fintech sector. With AI-driven solutions that empower lenders to make smarter, data-backed decisions, Marble Financial is revolutionizing the lending landscape.
YOUR NEXT STEPS
Visit $MRBL HUB On AGORACOM: https://agoracom.com/ir/MarbleFinancial
Visit $MRBL 5 Minute Research Profile On AGORACOM: https://agoracom.com/ir/MarbleFinancial/profile
Visit $MRBL Official Verified Discussion Forum On AGORACOM: https://agoracom.com/ir/MarbleFinancial/forums/discussion
Watch $MRBL Videos On AGORACOM YouTube Channel:
https://youtube.com/playlist?list=PLfL457LW0vdL-N0bgCfQyynrRlFRk5NDz&si=elTT1kjzkSlFDNtX
DISCLAIMER AND DISCLOSURE
This record is published on behalf of the featured company or companies mentioned (Collectively “Clients”), which are paid clients of Agora Internet Relations Corp or AGORACOM Investor Relations Corp. (Collectively “AGORACOM”)
AGORACOM.com is a platform. AGORACOM is an online marketing agency that is compensated by public companies to provide online marketing, branding and awareness through Advertising in the form of content on AGORACOM.com, its related websites (smallcapepicenter.com; smallcappodcast.com; smallcapagora.com) and all of their social media sites (Collectively “AGORACOM Network”) . As such please assume any of the companies mentioned above have paid for the creation, publication and dissemination of this article / post.
You understand that AGORACOM receives either monetary or securities compensation for our services, including creating, publishing and distributing content on behalf of Clients, which includes but is not limited to articles, press releases, videos, interview transcripts, industry bulletins, reports, GIFs, JPEGs, (Collectively “Records”) and other records by or on behalf of clients. Although AGORACOM compensation is not tied to the sale or appreciation of any securities, we stand to benefit from any volume or stock appreciation of our Clients. In exchange for publishing services rendered by AGORACOM on behalf of Clients, AGORACOM receives annual cash and/or securities compensation of typically up to $125,000.
Facts relied upon by AGORACOM are generally provided by clients or gathered by AGORACOM from other public sources including press releases, SEDAR and/or EDGAR filings, website, powerpoint presentations. These facts may be in error and if so, Records created by AGORACOM may be materially different. In our video interviews or video content, opinions are those of our guests or interviewees and do not necessarily reflect the opinion of AGORACOM.
From time to time, reference may be made in our marketing materials to prior Records we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.
NO INVESTMENT ADVICE
This record, and any record we publish by or on behalf of our clients, should not be construed as an offer or solicitation to buy or sell products or securities.
You understand and agree that no content in this record or published by AGORACOM constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person and that no such content is tailored to any specific person’s needs. We will never advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.
Neither the writer of this record nor AGORACOM is an investment advisor. Both are neither licensed to provide nor are making any buy or sell recommendations. For more information about this or any other company, please review their public documents to conduct your own due diligence.
If you have any questions, please direct them to [email protected]
For our full website disclaimer, please visit https://agoracom.com/terms-and-conditions
