AI-Powered Risk Scoring Transforming Non-Prime Lending - Case Study Results, Inverite's Proprietary AI Technology Platform Confirms Reduction in Defaults, Increasing Approvals, Accelerating Funding

Rhea-AI Summary

Inverite Insights Inc. (CSE: INVR) (OTC: INVRF) has released case study results demonstrating the success of its AI-powered risk scoring platform in non-prime lending. The study, conducted with one of Canada's largest alternative lenders, showed significant improvements in lending metrics:

Key results include a 44% reduction in loan defaults, 29% increase in annual loan applications, 18% increase in loan approvals, and 92% consumer adoption rate. The study was based on 180,000 annual applications and $30 million in annual originations.

The company's AI-driven cash flow-based Risk Score and Bank Verify solutions have improved accuracy and reduced manual input in loan processing. This innovation comes as Canada introduces consumer-directed finance regulations and reduces maximum allowable interest rates to 35% APR for consumer lenders.

Positive

• 44% reduction in loan defaults demonstrates significant risk management improvement
• 29% increase in annual loan applications shows strong market adoption
• 18% increase in loan approvals indicates enhanced lending efficiency
• 92% consumer adoption rate confirms strong product-market fit
• Platform handles significant volume (180,000 annual applications, $30M originations)

Negative

• None.

Case Study Highlights

• 44% Reduction in Loan Defaults; AI-powered risk assessment significantly improved loan performance

• 29% Increase in Annual Loan Applications

• 18% Increase in Loan Approvals

• 92% Consumer Adoption - Seamless user experience drove high engagement.

Vancouver, British Columbia--(Newsfile Corp. - February 6, 2025) - Inverite Insights Inc. (CSE: INVR) (OTC Pink: INVRF) (FSE: 2V00) ("Inverite" or the "Company"), is a leading AI-driven software provider utilizing real-time financial data to empower businesses to transact more effectively with consumers is please to release its case study findings with one of Canada's largest non-prime alternative lenders.

With the federal government's initiatives to introduce consumer-directed finance (Open Banking) regulations and the reduction of the maximum allowable interest rate to 35% APR for consumer lenders, Inverite collaborated with industry lenders to provide quantitative ROI results. By leveraging the Company's proprietary Open Banking Platform in their adjudication process, lenders can increase loan approval throughput, fund loans more efficiently, and minimize defaults - ensuring they remain competitive and profitable in Canada's evolving alternative finance sector.

Inverite's AI-driven cash flow-based Risk Score, combined with Bank Verify, powers its customers' automation processes - improving accuracy, reducing manual input, and enabling scalable growth with the confidence of the Company's robust risk controls. Inverite's case study with one of Canada's largest alternative non-prime lenders confirmed that its Platform provided positive results, as noted above, based on the following criteria:

• 180,000 annual applications; 
• $30 million in annual originations.

Karim Nanji, Inverite's CEO, states: "One of our top alternative lenders needed an automated risk-scoring solution to address their high defaults, along with inefficient and outdated manual lending processes. They partnered with Inverite and implemented our proprietary AI-enabled Risk Score, which utilizes bank transaction data and cash flow layered with loan performance data, resulting in improved accuracy while increasing loan throughput."

Karim Nanji added, "Inverite's deep expertise in the Canadian lending market, coupled with its platform's accuracy in credit decision-making and its scalable infrastructure, supported the positive case study results without compromising speed or customer satisfaction."

For further information about this Inverite case study, please visit: https://inveriteinsights.com/case-study/.

About Inverite Insights Inc.

Inverite Insights Inc. ("Inverite") (CSE: INVR) (OTC Pink: INVRF) (FSE: 2V0) is a Vancouver-based, AI-driven software provider specializing in real-time financial data. With a vast database of over nine billion financial data points from more than four and one-half million and a half unique Canadian consumers transactions, Inverite empowers businesses to transact more effectively with consumers through innovative solutions for data enrichment, identity, risk management and compliance.

For further information about Inverite, please visit: inverite.com.

ON BEHALF OF THE BOARD
Mike Marrandino, Executive Chairman
T: (855) 661-2390 ext. 104 Email: ir@inverite.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider/Market Maker (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release, nor has in any way passed upon the merits of the proposed transaction nor approved or disapproved the contents of this press release.

Forward-Looking Statements: This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes that any forward-looking statements in this news release are reasonable, there can be no assurance that any such forward-looking statements will prove to be accurate. The Company cautions readers that all forward-looking statements, are based on assumptions none of which can be assured and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements.

The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the CSE. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239859

FAQ

What are the key performance metrics from Inverite's (INVRF) latest case study?

The case study showed a 44% reduction in loan defaults, 29% increase in annual loan applications, 18% increase in loan approvals, and 92% consumer adoption rate.

How many annual applications does Inverite's (INVRF) platform process in the case study?

The case study was based on 180,000 annual applications and $30 million in annual originations.

How does Inverite's (INVRF) AI platform improve lending operations?

Inverite's AI platform improves lending operations through automated risk-scoring, cash flow-based assessment, and bank transaction data analysis, reducing manual input and improving accuracy in credit decisions.

What regulatory changes is Inverite (INVRF) helping lenders adapt to in Canada?

Inverite is helping lenders adapt to new consumer-directed finance (Open Banking) regulations and the reduction of maximum allowable interest rates to 35% APR for consumer lenders.