The promise of open banking is to foster a range of new products and services as banks link with FinTechs to use customer-permissioned data to tailor what they offer. Within open banking — no matter the use case, but especially for pay by bank — account verification, and in some cases continuous validation, is a critical component of smooth onboarding and fraud prevention. The PYMNTS Intelligence report “Can Open Banking Win Trust to Drive Real-Time Payments?” found that 46% of U.S. adults are interested in open banking, but adoption lags at a mere 11%. Fifty-seven percent of individuals trust their banks to deliver open banking services, which represents room for improvement. https://lnkd.in/gkDc9jaJ PYMNTS.Com, “Account Verification Is The Only Way To Build Trust In Pay-By-Bank World,” October 1, 2024 #AccountVerification #OpenBanking #
Inverite Insights Inc.
Financial Services
Vancouver, BC 1,511 followers
Powerful data-driven financial tools that deliver tailored insights that bridge gaps for the underserved market.
About us
Inverite Insights Inc. CSE[INVR/IVER/II] OTC: MRBLF; FSE:2V0): Inverite is a leading provider of software-as-a-service (SaaS) and risk-model-as-a-service (RMaaS) solutions that empower businesses to acquire and use real-time financial data to better transact with consumers. Utilizing Inverite’s proprietary and proven artificial intelligence data-driven technology platforms, Inverite, businesses are empowered in real-time, access to a 360 financial profile that includes credit and banking data. Inverite 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.
- Website
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https://inveriteinsights.com
External link for Inverite Insights Inc.
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Vancouver, BC
- Type
- Public Company
- Founded
- 2015
- Specialties
- Consumer Debt, Consumer Proposal, Fintech Lending, Debt Servicing, Credit Rebuilding, Credit Score, and Under Bank Lending
Locations
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Primary
1166 Alberni St
2012
Vancouver, BC V6E 3Z3, CA
Employees at Inverite Insights Inc.
Updates
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Inverite Insights Inc. and Mortgage Automator Join Forces to Provide AML Solutions to the Mortgage Industry Read more: https://lnkd.in/g9KvNSxt #fintech #mortgage #tech #finance
September 25, 2024 - Inverite and Mortgage Automator Join Forces to Provide AML Solutions to the Mortgage Industry - Inverite Insights
https://inveriteinsights.com
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CEO.CA 🔺 caught up with Karim Nanji, CEO Inverite Insights (CSE: INVR) to discuss the future of financial data. Join the CEO discussion at https://ceo.ca/invr. #ceo #fintech #innovation #data https://lnkd.in/gJEkFKr4
Inside The Boardroom: Inverite AI Harnesses Unique Data and Machine Learning to Redefine Lending
https://www.youtube.com/
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We are pleased to announce a new monthly transaction record for August. Read more below ⬇️ #fintech #record #growth https://lnkd.in/g68f3pGs
September 12, 2024 - Inverite AI Platform Achieves New Monthly Transaction Revenue Record in August - Inverite Insights
https://inveriteinsights.com
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Check out Inverite Insights Inc. CEO Karim Nanji in FDATA North America Spotlight Interview. Learn how real-time financial data is driving better risk assessments, empowering consumers, and advancing financial inclusion through open banking. Don’t miss Karim’s insights on how this technology is reshaping the future of lending. #fintech #lending #tech #finance #data https://lnkd.in/gFuZZtQi
FDATA NA Spotlight with Karim Nanji, Chief Executive Officer, Inverite
https://www.youtube.com/
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Inverite is excited to announce a strategic collaboration with OpsGuru, North America's leading AWS Premier Partner! This partnership is set to enhance our cloud-native infrastructure, ensuring faster, more secure, and scalable solutions for our clients across Canada. Together, we're bringing the best of cloud innovation to the financial industry. Learn more about how this collaboration will accelerate our mission to provide unparalleled coverage and services across Canada. Read the full announcement here: https://lnkd.in/gqhFecNY #Inverite #OpsGuru #AWS #Fintech #CloudComputing #Innovation
Inverite Announces Strategic Collaboration with OpsGuru, North America’s leading Amazon Web Services (AWS) Premier Partner. - Inverite Insights
https://inveriteinsights.com
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Inverite Insights Inc. announces 15-month audited financial results for the period ended March 31, 2024 and the year ended December 31, 2022. https://lnkd.in/g52cmYji
July 29, 2024 - Audited Consolidated Financial Results for Fifteen Months Ending March 31, 2024 as compared to December 31, 2022 - Inverite Insights
https://inveriteinsights.com
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The #CFPB is taking significant strides toward open banking in the U.S., aiming to revolutionize how consumers access and manage their financial data. But what does this mean for the industry and consumers alike? The CFPB's vision is to give consumers greater control over their financial data, enabling them to share information securely with third-party providers. For open banking to be successfully adopted, it requires the collaborative effort of banks, fintech companies, and regulatory bodies. This collaboration is crucial to developing standardized protocols and #APIs that ensure seamless, secure data exchange across different platforms and institutions. In shaping its open banking framework, the CFPB draws inspiration from global leaders in the field, particularly the UK and Europe, which have already implemented robust open banking systems. By studying their successes and challenges, the CFPB aims to adopt best practices and avoid potential pitfalls. As the CFPB moves forward, the journey towards open banking in North America will undoubtedly be a transformative one, shaping the future of financial services and consumer empowerment: https://lnkd.in/g8yjZzZY
The CFPB Wants Open Banking. But How?
https://finxtech.com
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As we look back on our experience at the #InovatecSummit, we're filled with excitement and optimism about the future of open banking and consumer-driven finance in Canada. Adding to the excitement, Inovatec has announced that their next event will be held in Quebec! The discussions we had and the insights we gained highlight the transformative potential of these innovations for the financial sector. One key takeaway was the power of real-time data in automotive decisioning and enhancing customer experience. Real-time data not only streamlines processes but also plays a crucial role in fraud reduction, addressing the growing need for robust fraud mitigation strategies. At the summit, we explored the importance of going beyond minimum #FINTRAC KYC requirements. Leveraging alternative and real-time data sources can significantly enhance fraud prevention measures while maintaining a seamless and positive customer experience. Balancing these two aspects is essential, and the integration of this data is a game-changer in achieving this balance. We also had the opportunity to discuss the broader implications of open banking in Canada. By enabling consumers to have more control over their financial data, open banking paves the way for more personalized and secure financial services. This shift is not only about innovation but also about fostering trust and enhancing the overall customer journey. Overall, the Summit was an invaluable experience, reinforcing the importance of innovation in fraud mitigation and customer experience. We look forward to continuing these discussions and driving forward the future of finance in Canada. See you in Quebec at the next one! #OpenBanking #ConsumerDrivenFinance #RealTimeData #FraudPrevention #CustomerExperience #Fintech #KYC
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We're excited to announce our strategic partnership with flovver to integrate our advanced Risk Score into the FinX loan management system! This collaboration brings Inverite’s proprietary Risk Score and advanced data science capabilities to flovver’s FinX platform, enhancing lenders' ability to assess financial transaction risks with precision and speed. With this integration, lenders will benefit from detailed transaction histories, spending behaviors, and our machine learning-driven risk analyses, enabling more informed and data-driven decision-making. Our CEO, Karim Nanji, highlights the significance: “This partnership marks a milestone in enhancing financial services with cutting-edge data science and risk analysis. Integrating our Risk Score into the FinX platform empowers lenders to make better decisions and streamline their adjudication process.” Jimmy Beauregard, CEO of flovver, adds: “Providing AI-generated risk scores will expedite loan decision-making, enhance underwriting processes, and offer significant time savings for our customers.” Read the full news release here: https://lnkd.in/gVRmjqec #RiskManagement #DataScience #LendingSolutions #Inverite #Flovver #FinX
July 3, 2024 - Inverite Partners with flovver to Integrate Advanced Risk Scoring into FinX Loan Management System - Inverite Insights
https://inveriteinsights.com