MRBLF - Marble's Subsidiary Inverite Verification Inc. Enters into a Data Verification Engagement with one of Canada's Largest PowerSport Financing Companies
(TheNewswire)
Vancouver, BC. - TheNewswire - June 09, 2021 - Marble Financial Inc.(CSE:MRBL ) ; (CNSX:MRBL.CN); ( OTC:MRBLF ) ; ( FSE:2V0) ("Marble" or the"Company"), an AI-driven financial technology company thateducates and helps Canadians better understand and manage theircurrent cash flow and credit towards a better financial future, ispleased to advise that its wholly owned subsidiary, InveriteVerification Inc. ("Inverite"), has entered into a dataverification agreement with one of Canada's largest alternativePowerSports financing companies, engaged in financing ATV’s,Snowmobiles, Motorcycles, Boats/ Personal Watercrafts, RV’s/ TravelTrailers ("PowerSports")
Inverite, a leading Canadian open banking andconsumer-directed financial data provider offering innovative, secureand cost-effective banking verification solutions to the financialservices industry has expanded its financial data offering withPowerSports, which will connect millions of Canadians to over 275national financial institutions.
With the Canadian economic status and travelrestrictions impacted due to Covid-19, there has been an increasedpositive sentiment for more localized recreational travel and powersport activities. The Canadian Recreational Vehicle Associationreported just RV shipments alone are expected to eclipse 500,000 unitsin 2021. This increased demand has presented the need for businessesin the alternative financing sector to offer a more advance, online,and seamless customer experience when offering financing.
Through launching Inverite as an integrated elementwith the PowerSport’s online lending origination solution, it willbe able to obtain the fastest and most secure digital identityverification (KYC) information providing the essential insight intothe borrower's transaction history and real-time banking verificationin order to offer the best customer experience and financing solutionavailable.
Inverite's technology to a 3 rd party of thismagnitude has introduced an advanced enhancement to PowerSport'scustomer experience and product offering that has already helpedfinance thousands of Canadians this year.
"Partnering with large financing companies thatprocess thousands of applicants monthly shows a fantastic use case forInverite," said Lloyd Evetts, VP of Business Development withInverite. "Inverite's level of automation, speed and securitywill innovate their technical processes while also provided animproved customer experience that is second to none."
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
Source:https://crva.ca/rv-shipments-projected-to-eclipse-500000-units-in-2021/
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITSREGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITYFOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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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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