MRBLF - Marble Expands its Product Offerings on the MyMarble Platform with the Launch of a GIC Savings Loan with Jenson Graf Risk Management Inc.
(TheNewswire)
Vancouver, B.C. - TheNewswire - May 20, 2021 - Marble Financial Inc.(C NSX :MRBL. CN) ( OTC:MRBLF ) ( FSE:2V0) (“Marble” or the “Company”), an AI-driven financialtechnology company that educates and helps Canadians better understandand manage their current cash flow and credit towards a betterfinancial future, is excited to launch a new product offering to itsSaaS recommendation platform MyMarble, the GIC Savings Loan withJenson Graf Risk Management Inc. (“Jenson Graf”), a companyfounded in 2011, that provides consumers access to safe and affordablecredit improvement products
The MyMarble Platform will provide Jenson Graf with aprogressive software solution that will automate the GIC Savings Loan application and approval process enabling customers to self-serve andreceive a frictionless consumer experience. MyMarble will also provide Jenson Graf with an affiliate portal thatwill collect consumer credit and banking data through our proprietaryInverite Risk Score to support the underwriting process and improveloan performance.
Combining the MyMarble AI-driven financialtechnology software with the GIC Savings Loan enables the Company to reacha product suited sector of these underserved Canadians with aproactive credit improvement solution. The GIC Savings Loan is a new add-on for expansion revenue in MyMarble’s SaaS product strategy that excels theconsumer journey from the underserved to mainstream credit. TheCompany will receive a referral fee from Jenson Graf for each GIC Savings Loan application.
The Jenson Graf GIC Savings Loan , called ‘ The Secured Future CreditPlan’ , is a combined savings program andcredit-building tool. It provides underserved and credit-constrainedconsumers with the opportunity to obtain a new trade line structuredas a secured loan, with each payment reported to the credit bureaus tohelp build credit. By making monthly payments, consumers arecontributing towards building their credit and establishing a savingsaccount for future use.
In MyMarble’s 2020 PersonalFinance Survey, 70% (1) of respondents felt embarrassed by theircredit score; likewise, 43% said they didn’t feel confident speakingabout their score. The SecuredFuture Credit Plan will provide a valuablesolution for those consumers on a journey to better credit,complemented by the MyMarble current platformofferings, allowing potential customers to utilize its powerful AIrecommendations, financial education, credit and budget improvementsoftware products.
A 2021 MNP Consumer Debt Index (2) found that53% of Canadian’s are within $200 away from insolvency. In addition,20% of respondents have reported hacking into their emergency savingsfund because of the COVID-19 pandemic. Many Canadians may find itchallenging to maintain a positive trade-line due to missing or makinglate payments with cash flow struggles. With the Secured Future Credit Plan , consumers can not only establish a secured loan as a newtrade-line, but they can improve their credit score with positivepayments and contribute towards a new savings fund.
Currently consumers in Ontario & British Columbiawill be offered the opportunity to utilize The Secured Future Credit Plan , alongside MyMarble’s financialtechnology and educational solutions. These customers can now reachtheir goals, save money and build their credit even faster, enablingthem better opportunities for future credit approvals at attractiveand more favourable interest rates. This 36-month program willincrease the consumer’s financial fitness and credit confidence,with a bonus savings fund for future use.
“We’re excited to announce the launch of our newGIC Loan product, The SecuredFuture Credit Plan , to add to our productofferings.” states Karim Nanji, Marble CEO. “By combining thepowerful AI-driven MyMarble recommendationtechnology, with the Company’s proprietary bank verification datapowered by Inverite, TheSecured Future Plan , can quickly build creditand save money, to prepare Canadians for their financialfuture.”
“Adding our products to MyMarble’s platform provides the automation in the origination processto expand our programs.” said Stephen Tung, Partner of Jenson andGraf Risk Management. “The MyMarble affiliate portalprovides us with key insights to adjust our underwriting requirementsto ensure the program is successful for both our partners andconsumers.”
Canadian residents in Ontario &British Columbia can now sign up to The Secured Future Credit Plan at www.mymarble.ca
Sources: (1) https://mymarble.ca/credit-score-confidence-canada/
About Jenson Graf Risk ManagementInc. Founded in 2011, Jenson & Graf RiskManagement provides safe and affordable products designed to providepositive credit history in situations when conventional credit simplyis not an option for people. Credit rating nowadays is more importantthan ever. Aside from giving you access to important credit likemortgages, credit cards and car loans, it also helps determine yourability to secure non-credit items like rental housing, cell phoneplans and insurance. Our knowledge, experience and network in theworlds of credit, mortgages and insurance help us to guide our clientsdown the right path to achieving longer term financial goals,regardless of where they are starting from.
For further information about Jenson Graf RiskManagement Inc., please visit the Company’s website at https://www.jgrm.ca/
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 we continue to establish ourselves as leaders infinancial wellness through the licensing of our proprietary productson the MyMarble Platform.
For further information about Marble Financial, pleasevisit the company’s website at https://mymarble.ca
Mike Marrandino, ExecutiveChairman
T:(855) 661-2390 ext. 104 Email: ir@marblefinancial.ca
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 forhistorical facts, the statements in this news release, as well as oralstatements or other written statements made or to be made by Marble,are forward-looking and involve risks and uncertainties. The forward-looking information included in this release isexpressly qualified in its entirety by this cautionary statement.Accordingly, readers should not place undue reliance onforward-looking information. The Company undertakes no obligation toupdate these forward-looking statements, other than as required byapplicable law.
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