Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Marble Inverite Verification Inc. Licenses Its Proprietary Technology Stack With Creditbook Risk Management To Expand Its Credit Decision Product

Marble Financial Inc. an AI-driven financial technology company that educates and helps Canadians better understand and manage their current cash flow and credit towards a better financial future, is pleased to advise that its wholly owned subsidiary, Inverite Verification Inc. (“Inverite”), has executed a license agreement with CreditBook to offer its customers further risk analysis data within the subprime space.

Recommended AI News: Color Star Technology Co., Ltd. Poised to Launch Sports-Related Non-Fungible Token (NFT) Products

Inverite, a leading Canadian open banking and consumer-directed financial data provider offering innovative, secure, and cost-effective banking verification solutions to the financial services industry has expanded its product offering through a new license agreement with CreditBook to further improve its industry-leading risk score and credit decision tools.

CreditBook is Canada’s largest alternative database of Canadian non-registered loans that specialize in risk management data collection for micro-lenders by providing all alternative loans requested by individuals, whether they have been granted or not. TransUnion recently reported that in 2021 credit inquiries have increased 5% with subprime consumers making up the largest segment1, presenting the value for a more comprehensive overview for a large number of consumers and their financial history when considering the creditworthiness for subprime individuals applying for credit.

The inclusion of the CreditBook into Inverite will further improve its value proposition by empowering its lending partners to have more access to people’s creditworthiness with this new dataset of subprime and non-reporting loans that usually not reported to the major bureaus. This additional data will assist Inverite’s customers in making more data-driven decisions, thus reducing significant risk and ease of collection and customer tracking.

Related Posts
1 of 20,639

Recommended AI News: The Cornell Peter and Stephanie Nolan School of Hotel Administration Partners with Infor

“We are very excited to be adding CreditBook to Inverite’s industry leading product offering and service.,” says Lloyd Evetts Director of Business Development, Inverite. “Many of our partners operate with subprime borrowers and being able to provide more data with CreditBook will not only add to our existing brand value but also empower Inverite to expand its market opportunity as we continue to reach record transaction milestones.”

“Being the only Canadian Database comprised of non-registered loans, at CreditBook we want to help as many Canadian businesses manage risk as effectively as possible,” says Carmine Marcarella & Valerie Robillard, CreditBook Co-Presidents “Our latest engagement with Inverite with expanding the reach of our CreditBook check and something we are very much looking forward to starting.”

As part of the engagement, phase 1 will involve Inverite offering the CreditBook check as a revenue-generating add-on service. Phase 2 consists of inclusion into Inverite’s own AI-powered Risk Score.

Recommended AI News: N.E.W. AI Tool Launched by Consumer Fusion Leads the Future of Reputation Management

[To share your insights with us, please write to sghosh@martechseries.com ]

Comments are closed.