Inverite Insights Inc. Reports Rapid Adoption of Open Banking Platform
Vancouver, British Columbia–(Newsfile Corp. – October 29, 2024) –
Inverite Insights Inc. (CSE: INVR) (OTC Pink: INVRF) (FSE: 2V00) (“Inverite” or the “Company”), a leading AI-driven software provider utilizing real-time financial data to empower credit facilitators to transact more effectively with consumers is excited to report the rapid adoption of Inverite’s proprietary Open Banking Platform with Mortgage Automator’s private lenders and Mortgage Investment Corporations (“MIC’s). In just over one month since Mortgage Automator went live on the Inverite Open Banking Platform, approximately half of its private lenders and MIC’s have gone live with Inverite’s Instant Bank Verification (“IBV”), Anti-Money Laundering (“AML”) and Risk Scoring solutions that Inverite’s Open Banking platform offers lenders and has been seamlessly integrated into Mortgage Automator’s platform.
This collaboration between Inverite and Mortgage Automator signifies a major breakthrough in the financial technology sector. By utilizing Inverite’s advanced AI-driven software, private lenders and MIC’s are now able to streamline their operations and improve efficiency in verifying bank accounts, detecting potential money laundering activities, and assessing risks associated with lending.
The seamless integration of Inverite’s solutions into Mortgage Automator’s platform reflects the growing demand for innovative technologies in the financial industry. With the increasing reliance on digital platforms for financial transactions, the adoption of AI-driven software like Inverite’s Open Banking Platform is a strategic move for lenders to stay competitive in the market.
Impact on Individuals
For individuals, the adoption of Inverite’s Open Banking Platform by private lenders and MIC’s means greater transparency and efficiency in the lending process. With instant bank verification and enhanced risk assessment capabilities, borrowers can expect a more streamlined and secure experience when applying for loans. Additionally, the integration of anti-money laundering solutions ensures that lenders are equipped to detect and prevent financial crimes, safeguarding the interests of both borrowers and investors.
Impact on the World
On a global scale, the widespread adoption of AI-driven technologies like Inverite’s Open Banking Platform sets a new standard for the financial industry. By leveraging real-time financial data and advanced algorithms, lenders can make more informed decisions, reduce risks, and improve overall efficiency in their operations. This shift towards digital transformation not only benefits individual lenders and borrowers but also paves the way for a more secure and transparent financial ecosystem.
Conclusion
The rapid adoption of Inverite’s Open Banking Platform by Mortgage Automator’s private lenders and MIC’s marks a significant milestone in the evolution of the financial technology sector. With advanced AI-driven solutions now integrated into mortgage lending processes, both individuals and the world at large stand to benefit from greater efficiency, transparency, and security in financial transactions. As the industry continues to embrace digital innovation, collaborations like this one between Inverite and Mortgage Automator are driving positive change and shaping the future of finance.
