MRBLF - Marble's Subsidiary Inverite Verification Inc. Announces Compliance with SOC 2 Type 1 Standards

(TheNewswire)

Vancouver, BC - TheNewswire - June 01, 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 pleased to advise that its wholly ownedsubsidiary, Inverite Verification Inc. (“Inverite”), has completedits compliance with SOC 2 Type 1 Standards. a leading Canadian openbanking and consumer-directed finance provider offering innovative,secure and cost-effective banking verification solutions to thefinancial services industry, is pleased to announce has successfullyachieved SOC 2 Type 1 compliance.

Inverite, a leading Canadian open banking andconsumer-directed finance provider offering innovative, secure andcost-effective banking verification solutions to the financialservices industry has achieved the widely recognized auditing standarddeveloped by the American Institute of Certified Public Accountants(AICPA), SOC 2 Type 1 compliance verifies Inverite’s activities meetall relevant trust principles, which have been confirmed through anin-depth audit.

Financial service companies are increasingly usingoutside solutions like Inverite to perform real-time bank and identityverification services that are core to their business operation andstrategy. The industry demand for high-level trust and transparency infinancial technology providers' operations, processes, and results,has grown considerably.

The SOC 2 Type 1 report, conducted by AuditWerx,evaluated and issued opinions of Inverite’s instant bankverification system and on the suitability of the design of itscontrols relevant to the effectiveness of appropriate securitycontrols in the proprietary platform and product.

“Since its founding, data security has been one ofInverite's core values," said Lloyd Evetts, VP of BusinessDevelopment with Inverite. "Having these systems and processesreviewed and audited by a third-party CPA for our SOC 2 Type 1 reportconfirms our commitment to the principles of the AICPA" (AmericanInstitute of CPA’s)

Marble has granted an aggregate of 375,000 stockoptions under the company's stock option plan to certain managementand employees. The stock options expire in five years, vest in equalone-quarter amounts on the date of grant, and in each of the firstyear, second year and third year anniversaries from the date of grantand are issued at 23 cents per share.

Marble will also issue 100,000 restricted share units(each, and RSU) to a consultant of the Company, pursuant to theMarble’s long-term performance incentive plan (the LTIP).

Each RSU represents the right to receive, one vested,one common share in the capital of the Company. The RSU’S vests asfollows:

• - 25,000 RSU, 25% of which vest on August 01, 2021 and25% every three months thereafter.

The grant of the RSU’s and Stock Options are subjectto approval from the CSE.

About Inverite Verification Inc.: Inverite is a leading Canadian open banking andconsumer-directed finance provider offering innovative, secure andcost-effective banking verification solutions to the financialservices industry for income verification, credit decisioning, fraudreduction, and KYC/AML purposes. With support for over 285 Canadianfinancial institutions, Inverite is the data provider of choice formany of Canada’s leading lenders, Fintechs and Paytechs.

For further information about Inverite VerificationInc., please visit: www.inverite.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

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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