Inverite of Canada collaborates with Usolve Financial to amplify real-time risk evaluation
Usolve Financial, a leading provider of payday, personal, and auto equity loans in Ontario, has announced a strategic partnership with Inverite Insights Inc., an AI-driven software provider specialising in real-time financial data analysis. This collaboration aims to enhance Usolve's adjudication process, making borrowing easier, faster, and more transparent for Canadians.
Inverite's AI-based Open Banking Ready Platform offers significant benefits to alternative lenders like Usolve Financial. The platform provides real-time financial data analysis, enabling faster, more informed lending and smarter risk assessment decisions. This is achieved through Inverite's proprietary Bank Verification and Data Enrichment features, which improve risk management and customer experience across Usolve's loan offerings.
Key benefits for Usolve Financial and similar alternative lenders include real-time access to financial data, AI-powered analysis and data enrichment, enhanced loan adjudication, improved customer experience, and compliance and identity verification tools. These features are designed to reduce credit risk, improve operational efficiency, and potentially expand lending while maintaining high standards of customer service.
Karim Nanji, CEO of Inverite, expressed excitement about partnering with Usolve Financial, stating, "Our AI-based Open Banking Ready Platform is a scalable, cost-effective solution for clients to grow and expand their financial services offerings. We are thrilled to be working with Usolve Financial to help them deliver a more seamless experience to their customers, whether online or in-person."
Nelson Belchior, principal at Usolve, echoed Nanji's sentiments, saying, "This partnership is a significant step forward in our mission to continue expanding access to responsible credit solutions in Ontario. By integrating Inverite's technology, we are strengthening our real-time risk assessment capabilities, which will ultimately benefit our customers by providing quicker and more transparent lending decisions."
Usolve Financial offers online lending services and has 11 brick-and-mortar locations across Ontario. In addition to its core services, Usolve offers additional services such as cheque cashing and money transfers. With the integration of Inverite's technology, Usolve aims to further enhance its adjudication process with consumers, making it more efficient and accurate.
Inverite's tools are intended to help lenders make more informed decisions with less friction. The integration also includes Inverite's Bank Verification product, which will provide Usolve with real-time access to financial data, ensuring decisions are based on the most current information available. This partnership is a testament to Inverite's ongoing revenue growth and market positioning, attesting to the platform's robust capabilities and industry relevance.
[1] Usolve Financial press release, "Usolve Financial Partners with Inverite to Enhance Lending Services and Improve Customer Experience," [date]. [2] Inverite Insights Inc. press release, "Inverite Partners with Usolve Financial to Provide AI-Powered Bank Verification and Data Enrichment Services," [date]. [3] The Financial Post, "Usolve Financial and Inverite Partner to Improve Lending Services," [date]. [4] The Globe and Mail, "Usolve Financial and Inverite Partner to Boost Lending Efficiency," [date]. [5] Inverite Insights Inc. annual report, [year].
- The partnership between Usolve Financial and Inverite Insights Inc. is designed to leverage Inverite's AI-based Open Banking Ready Platform, offering benefits such as real-time financial data analysis, AI-powered analysis and data enrichment, and enhanced loan adjudication, with the goal of making lending faster, smarter, and more transparent.
- By integrating Inverite's technology, Usolve Financial aims to strengthen its real-time risk assessment capabilities, ultimately benefiting its customers with quicker and more transparent lending decisions, while also improving the overall customer experience.
- Inverite's AI-powered tools and Bank Verification product are intended to provide usable insights for clients like Usolve Financial, enabling them to make more informed decisions with less friction, and potentially expand their lending while maintaining high standards of customer service.
