MRBLF - Marble Licenses its Proprietary Marble Connect API with Konect Ai
(TheNewswire)
Vancouver, BC. - TheNewswire - September 09, 2021 - Marble Financial Inc.(C NSX :MRBL. CN) ( OTC:MRBLF ) ( FSE:2V0) ("Marble" or the "Company"), anAI-driven financial technology company that educates and helpsconsumers better understand and manage their current cash flow andcredit towards a better financial future, is pleased to announce alicensing agreement with Konect Ai to supply over 50 automotivedealerships and their customers direct access through Marble Connectto Marble’s proprietary financial wellness platform, MyMarble.
Connect is Marble’s new and innovative B2Bwhite-label integration product that provides a customized, AI-drivenpersonal finance solution that connects the MyMarble platform into the partner’s customer journey and productoffering. It offers consumers their free credit score, financialhealth report, real-time plans, and recommendations to make a positiveimpact on their overall finances to gain access to their company'sfinancial products and services. Konect Ai, aleader in automotive artificial intelligence lead scoring, integrateswith over 50 automotive businesses across Canada to help validate andengage over 10,000 monthly customers looking to purchase a new or usedvehicle. This is achieved through utilizing its technology tostreamline and automate the sales process to maximize conversions andlong-term customer advocacy.
Statistics Canada recently reported a 25% increase innew car sales for June, 2021 1 , as well as data from Transunion showingthat consumer credit inquiries rose over 5% 2 . These positivenumbers present a powerful growth projector for both Marble and KonectAi as the demand for detailed insight on buying power andcreditworthiness is more than ever critical during the customerjourney.
MarbleConnect will automatically enroll all 10,000+monthly customers coming through Konect Ai integrations into MyMarble to provide its automotive partnerswith a comprehensive financial overview and likelihood of approvalusing its proprietary risk scoring and analysis. MarbleConnect will also aid in establishing long-termbrand loyalty by empowering customers through MyMarble’s programs, guidance, and tools to achieve thecredit score, debt, and budget targets required for approval orimproved interest rates in the future.
“Our latest partnership with Konect Ai is going tocompletely transform how automotive businesses manage and nurturetheir customers to achieve their goal of car ownership through apersonalized and premium experience, no matter their financialhistory,” says Doug Tanner, Marble’s VP of Business and CorporateDevelopment. “We are extremely excited to be introducing MarbleConnect with a fellow technology-focused leaderand as we’ve witnessed at Marble the utilization of artificialintelligence is the most effective way to provide a quality andeffective solution for our partners and customers, a goal that bothMarble and Konect Ai aim to achieve, respectively.”
"At Konect Ai, we are now working with over 50automotive partners that collectively generate hundreds of thousandsof new customers every year. We've discovered that many of theircustomers need some form of guidance and assuredness when it comes totheir overall financial health,” says Paul Lehal, Konect Ai CTO.“Our latest engagement with Marble is extremely exciting for us. Itnow empowers our partners to continue to leverage Konect Ai'sindustry-leading technology but now with the added value of real-timefinancial tools and education to help their clients improve theirfinancial standing.”
Under the terms of the agreement, Marble will receivemonthly fees from Konect Ai for new customers that engage with thecobranded API solution through its dealership network.
About Konect Ai. Over the past 10 years, we have developed our Konect Aisoftware and grown our team. Building something as a team teaches youremployees to work together, collaborate, share, trust, and growtogether. To this day we have put together the best team of customcoders, graphic designers, data collectors, management, contentwriters and content creators. We have had the time to study themarkets and perfect the lead generation business. The software we havecreated has not only provided our clients with success, but it hasalso brought success to our incredible team.
For more information about Konect Ai please visit: https://konect.ai/
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, Maestro and Connect toengage in and navigate a clear path towards financial wellbeing and ameaningful credit score, since 2016, Marble is proud to have empoweredthousands of marginalized consumers to a positive financial future,and we continue to establish ourselves as leaders in financialwellness through the licensing of our proprietary products on the MyMarble Platform.
For further information about Marble Financial, pleasevisit: https://mymarble.ca
Mike Marrandino, Executive Chairman
T:(855) 661-2390 ext. 104 Email: ir@marblefinancial.ca
(2) Source: https://betterdwelling.com/canadian-subprime-credit-inquiries-slow-but-still-the-biggest-segment-transunion/
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 wordsbeliefs, expects, anticipates, estimates, intends, plans, or similarexpressions. Forward-looking statements are not guaranteeing 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, thestatements in this news release, as well as oral statements or otherwritten statements made or to be made by Marble, are forward-lookingand involve risks and uncertainties. The forward-looking informationincluded in this release is expressly qualified in its entirety bythis cautionary statement. Accordingly, readers should not place unduereliance on forward-looking information. The Company undertakes noobligation to update these forward-looking statements, other than asrequired by applicable law.
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