The Future of Financial Data
Traditional credit scores are not representative for a large segment of the North American population. Lenders lack confidence in traditional Credit Bureaus and seek alternative data to decision and adjudicate the underbanked customer.
We’re here to change that.
The Problem
Data Deficiency: The Underbanked Strain on Lenders’ Viability.
Traditional credit scores are not representative for a large segment of the North American population. Lenders lack confidence in traditional Credit Bureaus and seek alternative data to decision and adjudicate the UNDERBANKED customer in real time.
90%
Of lending decisions in the U.S rely on information provided by TransUnion, Equifax, or Experian.
78m+
North Americans were considered financially excluded due to lack of credit on these bureaus.
MARKET OPPORTUNITY
Millions of North Americans remain underserved in the credit market. Preventing lenders from making accurate assessments.
$137B
in North America for alternative lenders servicing the underbanked is the fastest growing sector of this industry.
The Solution
Inverite AI harnesses unique data and machine learning to redefine lending.
An open banking platform that provides Risk Model as a Service (RMaaS) validating borrowers key lending metrics banking, age, income and historical financial data, for both alternative and mainstream lenders. New product to launch for both CDN and USA Lenders, include Advanced Risk Score; Marble Pay Wallet (income and employment verification plus a Collections module).
R&D
We harness AI’s capabilities, utilizing a blend of unique, proprietary data techniques to innovate and redefine lending practices, aiming to improve accuracy in risk assessment and efficiency in credit decision-making.
Machine Learning
We have created advanced machine learning algorithms to transform the landscape of lending decisions, enabling more accurate and fair credit assessments by analyzing a broader range of financial behaviors and data points.
Risk Model as a Service
Risk Model as a Service empowers lenders to effectively serve the underserved segments of the market, enhancing financial inclusion without compromising on revenue generation through sophisticated, data-driven risk assessment solutions.
Verification
We have reshaped the lending landscape by creating industry-leading verification services, enabling lenders to seamlessly integrate comprehensive ID, bank, income, and risk checks into their processes, thereby streamlining operations and enhancing security.
The Inverite Edge
AI Risk Model that’s accurate and relevant.
Inverite blends unparalleled risk decisioning, strategic categorization, instant bank and income verification to provide near real-time, unique banking and consumer data to present viable alternative lending opportunities, redefining how underbanked consumers are adjudicated.
20B+ Data Points
5M+ Unique Customers
99% Consumer Coverage
286 Connected Financial Institutions
Revenue Channels
Inverite separates itself from competitors by providing truly unique, AI-driven risk scores with support features for neobanks and independent lenders. To date, it is the only platform that offers Risk Model as a Service (RMaaS), pay wallet collections, income and employment verification, extensive spending categorization and real-time support for neobanks.
Current Transactional + RMaaS Revenue
Risk/ confidence score assessment, 12-month bank transactions and categorization, ID verification, near real-time assessment.
Future Revenue
PayWallet: income and employment verification and collection systems Interchange Fee Revenue: VISA debit/charge card fees paid by retailers when members use their debit/charge card.
Ready to see the power of Inverite?
Unlock the full potential of your lending processes with Inverite Insights – email us at sales@inverite.com or you can book a demo below to learn more and take the first step towards a smarter, more secure verification system