MRBLF - Marble Announces its First Digital API Integration with Nuborrow
(TheNewswire)
Vancouver, BC. - TheNewswire - June 16, 2021 - Marble Financial Inc.(C NSX :MRBL. CN) ( OTC:MRBLF ) ( FSE:2V0) ("Marble" or the "Company"), anAI-driven financial technology company that educates and helpsCanadians better understand and manage their current cash flow andcredit towards a better financial future, is pleased to announce itsfirst Application Programing Interface (“API”) licensing agreementwith Nuborrow (full legal name) to provide their customers access tothe Marble Platform of practical financial wellness programs andguidance through MyMarble’s new API Integration business solution.
The introduction of MyMarble's API will offer Canadianbusinesses a new turnkey marketing, education and product solution forthe broader audience of consumers looking to execute on more futurebusiness through Marble’s financial fitness platform. This ‘whitelabel’ integration creates a new value-added offering for thebusiness of financially healthier customers and brand loyalty.
Marble's first API integration with NuBorrow isexpected to go live next month. This new offering provides theCompany with a new mass-scale revenue stream.
Nuborrow, has already helped over 15,000 Canadianslooking to make the process of getting a mortgage easier, access to MyMarble's next-generation AI-poweredprograms, guidance, and tools to revitalize their financial wellness.It will also serve as a complementary technology that works inconjunction with Nuborrow's New Home Equity Loan to improve itscustomers' financial health, saving thousands of dollars each year ininterest rate fees and improving the overall brand experience andcustomer loyalty. The MyMarble API solution will be accessible toNuBorrow’s new and existing members through its online applicationsystem.
“As more Canadians embrace a goal-driven financialapproach, we expect to see a growing demand in our next-generationtechnology that prescribes a practical path for Canadians to achievethem efficiently and sustain them.” said Marble’s CEO Jim Chan.“We’ve seen a growing trend in motivated Canadian consumers facingchallenges trying to access their personal data to better understandtheir finances and have the confidence they are making the rightfinancial decisions. Our new API will aim to not only empowerCanadians, but also provide businesses like Nuborrow with anall-encompassing and improved customer experience.”
“We are extremely excited to be debuting our APIsolution with Nuborrow, one of Canada’s leaders in the mortgagemarketplace.” says Doug Tanner, Marble’s VP of CorporateDevelopment. “Like Marble, they have a fantastic brand reputationand share our belief in Canadian’s access to the best solution inorder to improve their overall financial health.”
“We’ve worked with over 15,000 clients in 7 shortyears and discovered that 98% are concerned about their overall credithealth.” said Adam Ross, President of Nuborrow. “This is why ourrelationship with Marble is so exciting for us; we now can offer realtime credit tools, education and help our clients boost their creditscores. We decided that now was the right time to develop apartnership with a new range of services to respond to our clients’true needs”
Under the terms of the arrangement, Marble will receivecompensation from Nuborrow for new customers that engage with thecobranded API solution.
A June 2021 Credit Trends study by Equifax has shown anincreased positive sentiment in a goal-driven economy with delinquencyrates dropping an average of 21% YOY, which has presented increasedbuying power and demand for different credit products for consumers toachieve broader financial goals likehomeownership, which has seen an increase of over 40% YOY. As moreaspects of our day-to-day financial well-being goes digital,goal-driven driven financial plans will continue to show positivegrowth. Marble’s SaaS based platform intends on being a big part ofthis current trend.
The Company is also pleased to announce the appointmentof Doug Tanner, as Vice President of Business & CorporateDevelopment. His main focus will be to strengthen the Company’sbusiness and corporate development strategy.
Doug is a serial entrepreneur with a focus on strategyand implementation. Early in Doug’s career he created sales trainingprograms that were implemented across multiple channels and facilitiesCanada wide. Mr. Tanner went through his career winning multiple salesawards and was a continuous success in a direct-to-consumer capacity.Doug has since moved into the B2B space specializing in sales andimplementation. With his vast knowledge of technical sales, he hasbeen able to achieve great success in Commercial Real-Estate,Recruitment and HR, SaaS and more recently Fintech. Doug takes aconsultative approach to most challenges and works at defining thegoal with every partnership and reverse engineers the solution.
About Nuborrow: Born in 2013, Nuborrow started out on a crusade to make theprocess of getting a mortgage easier through radically changing whatwas considered a rapidly aging process. As the position of the companyevolved Nuborrow developed a much stronger mission: We will not stopuntil every homeowner receives the education, and guidance needed tomaximize the equity in their homes to improve financial health andsave money. As a leader in the Mortgage marketplace, we connecthomeowners to a dynamic network of lending partners – accuratelydelivering competitive mortgage options, customized mortgage plans andproven strategies designed to unlock equity to clients acrossCanada.
For further information about Nuborrow, please visit: https://nuborrow.com/
About Marble Financial Inc. (CSE:MRBL; OTC: MRBLF; FSE:2V0) Marbles’proprietary MyMarble platform utilizes the power ofmachine learning, data science, and artificial intelligence, inleveraging its proven data-driven strategies through technologysolutions Inverite, Score-Up, Fast Track and Maestro to engage in andnavigate a clear path towards financial wellbeing and a meaningfulcredit score, since 2016, Marble is proud to have empowered thousandsof marginalized consumers to a positive financial future, and wecontinue to establish ourselves as leaders in financial wellnessthrough the licensing of our proprietary products on the MyMarble Platform.
For further information about Marble Financial, pleasevisit: https://mymarble.ca
Mike Marrandino, ExecutiveChairman
T:(855) 661-2390 ext. 104 Email: ir@marblefinancial.ca
Source: Equifax Credit Trends Q12021 June 15th, 2021
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITSREGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITYFOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Caution Regarding Forward-LookingInformation
This release contains forward-looking statements.Forward-looking statements, without limitation, may contain the wordsbelieves, expects, anticipates, estimates, intends, plans, or similarexpressions. Forward-looking statements are not guaranteeing of futureperformance. They involve risks, uncertainties and assumptions andactual results could differ materially from those anticipated. Forwardlooking statements are based on the opinions and estimates ofmanagement at the date the statements are made and are subject to avariety of risks and uncertainties and other factors that could causeactual events or results to differ materially from those projected inthe forward-looking statements. Except for historical facts, the statements in thisnews release, as well as oral statements or other written statementsmade or to be made by Marble, are forward-looking and involve risksand uncertainties. The forward-lookinginformation included in this release is expressly qualified in itsentirety by this cautionary statement. Accordingly, readers should notplace undue reliance on forward-looking information. The Companyundertakes no obligation to update these forward-looking statements,other than as required by applicable law.
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