22:48:54 EDT Sun 28 May 2023
Enter Symbol
or Name

Marble Financial Inc
Symbol MRBL
Shares Issued 123,269,838
Close 2023-03-06 C$ 0.075
Recent Sedar Documents

Marble unit signs 11 licence deals to date in 2023

2023-03-07 11:06 ET - News Release

Mr. Mike Marrandino reports


To date in 2023, Inverite Verification Inc., a wholly owned subsidiary of Marble Financial Inc., has signed 11 new licence agreements utilizing its proprietary open banking artificial intelligence (AI) software platform.

Marble's industry-leading real-time response time, categorization, access to over 286 financial institutions and its unique artificial-intelligence-driven predictive risk score continue garnering more and more recognition and acceptability in both the alternative lending and credit-nurturing sectors of the Canadian economy.

Currently, Inverite has grown its clientele to over 144 customers and interest in its open banking software has never been better. Inverite is processing over 100,000 transactions a month.

As a result of the successful integration of the Inverite platform, Marble has surpassed the 2.6 million Canadian customer profile thresholds. This data set continues to enhance the company's algorithms, which results in a constantly improving risk score to assist Marble's Inverite licensees in assessing and approving credit.

Consumers accessing the MyMarble platform suite of products have nearly doubled since 2022, and to date, the company has over 64,000 consumers that have accessed MyMarble since it went live.

Karim Nanji, Marble's chief executive officer, commented: "Our ongoing development with our industry products that help both industry and consumers transact show that Canadian businesses trust our products and services to assist them with data-driven indicators to enable both industry and consumers to better understand each other's requirements during this uncertain economic environment. These positive developments indicate how valuable Marble's product line are for both industry and the Canadian population seeking to achieve their financial goals."

About Marble Financial Inc.

Marble is a leading provider of software-as-a-service (SaaS) solutions that empower businesses to acquire and use real-time financial data to better transact with consumers, along with enabling smarter marketing return on investment for partners seeking increased conversion rates to those consumers that require further monitoring, predictive financial recommendations and guidance to rehabilitate them to transact in the future. Utilizing Marble's proprietary and proven artificial intelligence data-driven technology platforms, Inverite, Accumulate.ai and MyMarble, businesses and consumers are empowered in real time, having access to a 360-degree financial profile that includes credit and banking data. Marble leverages machine learning, artificial intelligence, predictive financial recommendations, risk scores and open banking strategies to put the power of financial data into the hands of businesses and consumers, promoting more robust relationships and higher intent toward future engagements.

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