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Inverite Insights Inc. (CSE: INVR) (OTC Pink: MRBLF) is a Vancouver-based AI-driven software provider that leverages real-time financial data to empower businesses in transacting effectively with consumers. With a vast database of over seven billion financial data points from more than four million unique Canadian consumer transactions, Inverite offers software-as-a-service (SaaS) and risk-model-as-a-service (RMaaS) solutions.
Through a strategic collaboration with infinitii ai inc., Inverite aims to enhance its data science capabilities and proprietary predictive algorithms to cater to the alternative lending industry. The partnership will focus on developing new data models and machine learning technologies to predict credit repayment and default behavior of loan applicants, addressing the growing demand for credit through alternative lending channels in Canada.
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Inverite Insights Inc. announces the first fully automated Loan Management Software in North America, highlighting the growth in alternative lending with partnerships in the credit economy. The company's Open Banking Platform offers unique data insights to empower lenders in making informed credit decisions, surpassing traditional credit bureaus' limitations.
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Inverite Insights Inc. announces a strategic collaboration with infinitii ai inc. to enhance data science, data enrichment, and AI capabilities for the alternative lending industry. The partnership aims to revolutionize credit assessment for underbanked consumers using real-time financial data.
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Inverite Insights Inc. announces significant rebranding initiatives, focusing on open banking and consumer-directed finance. The company aims to provide robust verification solutions for risk management, identity, and compliance. They have seen over 40% growth since acquiring a proprietary open banking platform in 2021 and currently boast the collection of over seven billion datapoints from over four million Canadian consumers. Inverite has 99% consumer coverage in Canada and is poised to benefit from the changes in the regulatory environment to be announced in the February 2024 Federal Budget, creating a tremendous market opportunity for alternative lenders and the growing base of underbanked consumers.
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Marble Financial Inc. (MRBLF) has changed its name to Inverite Insights Inc. to better reflect its primary business as an AI-driven financial technology company. The company's common shares are listed on the Canadian Securities Exchange under the symbol 'MRBL' and will soon commence trading under the new symbol 'INVR'.
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Marble Financial Inc. (CSE: MRBL) (OTC Pink: MRBLF) (FSE: 2V0) appoints Dallas Pretty, CPA, CA, as Chief Financial Officer, thanking Rose Zanic for her service. The company also engages Out of the Box Capital Inc. for marketing and market awareness services.
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Marble Financial Inc. (CSE: MRBL) (OTC Pink: MRBLF) (FSE: 2V0) focuses on open banking operations and debt reduction, achieving a net income of $382,909 for the nine-month period ended September 30, 2023. The company saw increased growth in its subsidiary, Inverite, with a 39% increase in transaction volumes compared to 2022. Marble also generated higher total revenues, marketing service fees, and subscription fees compared to the previous year. Q3-2023 operational highlights include the addition of a technology expert to its Advisory Board, completion of the final earn-out provision for the acquisition of Inverite, and a Definitive Licensing Agreement with ScoreNavigator and Grit Financial.
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Marble Financial's subsidiary, Inverite Verification, achieves new monthly record-breaking transactions in August 2023, with a 17% increase in volume from the previous record-setting month. Inverite's total unique Canadian customer profile exceeds 3.3 million, demonstrating industry acceptance. Inverite's services, including the Inverite Score, contribute to the company's revenue growth and assist lenders in determining payment likelihood and default probability.
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Marble Financial Inc. announces financial results for the six-month period ended June 30, 2023, with increased growth in transaction volumes and subscriptions. Total revenues increased by 6% to $665,189. Inverite transaction volumes saw a 35% and 43.5% increase over the respective periods in 2022. Marketing service fees of $70,931 were generated from Accumulate.ai business assets acquired in October 2022. Subscription fees increased by 39% and 62% for MyMarble and Boost Loans respectively. Operating expenses decreased by 9% and 12% for the three and six month periods. Net income recorded for the three and six month periods was $2,148,274 and $1,191,989 respectively, compared to net losses in 2022.
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Marble Financial Inc. (CSE: MRBL) (OTC PINK: MRBLF) (FSE: 2V0) announces a definitive licensing agreement with Grit Financial and ScoreNavigator, Inc. to integrate AI-Driven Score-Up and Point Deduction Technology™ into Grit Financial's mobile application, expanding its reach into the United States. The agreement allows Marble to sub-license ScoreNavigator's API to Grit Financial and provides a 5-year, royalty-bearing, non-sub-licensable, non-transferable right and license to fully exploit ScoreNavigator in the United States and Canada. The collaboration emphasizes joint and cooperative development efforts to advance research in AI, predictability, and scoring initiatives in the areas of credit and financial inclusion.
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FAQ
What is the market cap of Inverite Insights (MRBLF)?
The market cap of Inverite Insights (MRBLF) is approximately 9.6M.
What services does Inverite Insights Inc. provide?
Inverite offers AI-driven software solutions that leverage real-time financial data, enabling businesses to transact effectively with consumers.
What is the focus of the collaboration with infinitii ai inc.?
The collaboration aims to enhance data science capabilities and develop predictive algorithms for the alternative lending industry.
How many financial data points does Inverite have in its database?
Inverite's database comprises over seven billion financial data points from more than four million unique Canadian consumer transactions.
What are the key offerings of Inverite?
Inverite provides software-as-a-service (SaaS) and risk-model-as-a-service (RMaaS) solutions to empower businesses in transacting effectively with consumers.
Inverite Insights Inc.