Vancouver, BC. June 09, 2021 – Marble Financial Inc. (CSE: MRBL; OTC: MRBLF; FSE:2V0) (“Marble” or the “Company”), an AI-driven financial technology company that educates and helps Canadians better understand and manage their current cash flow and credit towards a better financial future, is pleased to advise that its wholly-owned subsidiary, Inverite Verification Inc. (“Inverite”), has entered into a data verification agreement with one of Canada’s largest alternative PowerSports financing companies, engaged in financing ATV’s, Snowmobiles, Motorcycles, Boats/ Personal Watercrafts, RV’s/ Travel Trailers (“PowerSports”)
Inverite, a leading Canadian open banking and consumer-directed financial data provider offering innovative, secure and cost-effective banking verification solutions to the financial services industry has expanded its financial data offering with PowerSports, which will connect millions of Canadians to over 275 national financial institutions.
With the Canadian economic status and travel restrictions impacted due to Covid-19, there has been an increased positive sentiment for more localized recreational travel and power sport activities. The Canadian Recreational Vehicle Association reported just RV shipments alone are expected to eclipse 500,000 units in 2021. This increased demand has presented the need for businesses in the alternative financing sector to offer a more advance, online, and seamless customer experience when offering financing.
Through launching Inverite as an integrated element with the PowerSport’s online lending origination solution, it will be able to obtain the fastest and most secure digital identity verification (KYC) information providing the essential insight into the borrower’s transaction history and real-time banking verification in order to offer the best customer experience and financing solution available.
Inverite’s technology to a 3rd party of this magnitude has introduced an advanced enhancement to PowerSport’s customer experience and product offering that has already helped finance thousands of Canadians this year.
“Partnering with large financing companies that process thousands of applicants monthly shows a fantastic use case for Inverite,” said Lloyd Evetts, VP of Business Development with Inverite. “Inverite’s level of automation, speed and security will innovate their technical processes while also provided an improved customer experience that is second to none.”
About Inverite Verification Inc.: Inverite is a leading Canadian open banking and consumer-directed finance provider offering innovative, secure and cost-effective banking verification solutions to the financial services industry for income verification, credit decisioning, fraud reduction, and KYC/AML purposes. With support for over 285 Canadian financial institutions, Inverite is the data provider of choice for many of Canada’s leading lenders, Fintechs and Paytechs.
For further information about Inverite Verification Inc., please visit: www.inverite.com
About Marble Financial Inc. (CSE: MRBL; OTC: MRBLF; FSE:2V0) Marbles’ proprietary MyMarble platform utilizes the power of machine learning, data science, and artificial intelligence, in leveraging its proven data-driven strategies through technology solutions Inverite, Score-Up, Fast Track and Maestro to engage in and navigate a clear path towards financial wellbeing and a meaningful credit score, since 2016, Marble is proud to have empowered thousands of marginalized consumers to a positive financial future, and we continue to establish ourselves as leaders in financial wellness through the licensing of our proprietary products on the MyMarble Platform.
For further information about Marble Financial, please visit: https://mymarble.ca
Mike Marrandino, Executive Chairman
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This release contains forward-looking statements. Forward-looking statements, without limitation, may contain the words believes, expects, anticipates, estimates, intends, plans, or similar expressions. Forward-looking statements are not guaranteeing of future performance. They involve risks, uncertainties and assumptions and actual results could differ materially from those anticipated. Forward looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except for historical facts, the statements in this news release, as well as oral statements 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 is expressly qualified in its entirety by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.