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Vancouver, British Columbia–(Newsfile Corp. – February 6, 2024) – Inverite Insights Inc. (CSE: INVR) (OTC Pink: MRBLF) (FSE: 2V00) (“Inverite”), a leading provider of AI-based software technology. Leveraging real-time monetary insights to enable businesses to transact more with consumers, proudly announces a strategic collaboration with Infinitii AI Inc. (CSE: IAI) (FSE: 7C5) (OTCQB: CDTAF) (“Infinitii AI”). This partnership targets Inverite’s functions in knowledge science, knowledge enrichment and artificial intelligence, specifically in the progression of its proprietary predictive algorithms targeting the largest sector of the credit economy: the lending sector of choice.
Unbanked customers, ignored by classic credit scoring methods, constitute a significant segment seeking credit through select lending channels. With an extensive knowledge base on customer payroll and expenses comprising more than seven billion money knowledge questions from more than 4 million transactions unique to Canadian customers, Inverite is on a project to revolutionize credit scoring by leveraging Infinitii AI’s expertise in artificial intelligence, device learning, and knowledge modeling.
Jean Charles Phaneuf, chief executive of infinitii ai, said he was excited about the collaboration. “We are thrilled to collaborate with Inverite, a market leader in monetary knowledge of choice, to expand new knowledge models and develop their AI capabilities,” he said. This assignment validates the versatility of our AI expertise and the transferability of our generation of device learning as we expand into new verticals. “
In an effort to anticipate loan repayment and the default behavior of loan applicants, Inverite enlisted the help of infinitii ai for its expectations scoring methodologies. The partnership encompasses deeper capabilities of device learning, continuous optimization, solution development, and generation licensing.
Karim Nanji, CEO of Inverite, highlighted the importance of the collaboration. “infinitii ai has an excellent reputation for building AI-driven software leveraged by large enterprise customers across North America. Our companies will work together in close collaboration to accelerate our data science and AI initiatives to further empower business and consumers to make well-informed financial decisions, especially in the alternative lending space as we move towards an Open Banking environment.”
As the Canadian economy reports an increase in demand for credit thanks to loans of choice, Inverite anticipates that knowledge science models and algorithms developed in collaboration with infinitii ai will provide a much-needed predictive tool for lenders and merchants in the future. The purpose is to offer a comprehensive assessment beyond classic credit ratings, address the unique desires of unbanked consumers, and encourage a more inclusive and accurate credit scoring procedure, knowledge of expenses, and payroll of transactions in consumers’ bank accounts.
This collaboration underscores the commitment of both Inverite Insights Inc. and infinitii ai inc. to drive innovation, ushering in a new era of data-driven insights for the alternative lending industry. Together, they aim to set a new standard in credit assessment, benefiting businesses and consumers alike.
About Inverite Insights Inc.
Inverite Insights Inc. (“Inverite”) (CSE: INVR) (OTC Pink: MRBLF) (FSE: 2V0) is a Vancouver-based, AI-driven software provider specializing in real-time financial data. With a vast database of over seven billion financial data points from more than four million unique Canadian consumers transactions, Inverite empowers businesses to transact more effectively with consumers through innovative software-as-a-service (SaaS) and risk-model-as-a-service (RMaaS) solutions.
For further information about Inverite, please visit: inverite.com.
ON BEHALF OF THE BOARD
Mike Marrandino, Executive Chairman
Phone: (855) 661-2390 ext. 2390. 104 E-mail: ir@inverite. com
Neither the Canadian Securities Exchange nor its regulator/market maker provider (as that term is explained in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release, nor have they expressed any opinion on the merits of the proposal. or approved or disapproved the contents of this press release.
Forward-Looking Statements
This press release may include forward-looking statements that are subject to risks and uncertainties. All statements contained herein, other than statements of historical fact, shall be considered forward-looking. Although the Company believes that the forward-looking statements included in this press release are reasonable, there can be no assurance that such forward-looking statements will prove to be accurate. The Company cautions readers that all forward-looking statements are based on assumptions, none of which can be guaranteed and are subject to certain risks and uncertainties that may also cause actual events or effects to differ materially from those indicated in the forward-looking statements. These forward-looking statements constitute management’s most productive judgment based on the information recently available. Readers are cautioned to rely on their own assessment of such dangers and uncertainties and not to place undue reliance on forward-looking statements.
The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the CSE. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
To view the source edition of this press release, https://www. newsfilecorp. com/release/196937