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Inverite Insights ( (TSE:INVR) ) has issued an update.
Inverite Insights has released a case study demonstrating the impact of its proprietary AI technology on non-prime lending. By using Inverite’s AI-powered risk scoring and Open Banking Platform, one of Canada’s largest non-prime lenders saw a 44% reduction in loan defaults, a 29% increase in annual loan applications, and an 18% rise in loan approvals. This technological advancement has enabled lenders to improve their loan approval processes, fund loans more efficiently, and remain competitive amidst regulatory changes in Canada’s alternative finance sector.
More about Inverite Insights
Inverite Insights Inc. is a Vancouver-based, AI-driven software provider specializing in real-time financial data. The company empowers businesses with solutions for data enrichment, identity, risk management, and compliance, leveraging a vast database of financial transactions to enhance consumer transactions.
YTD Price Performance: -10.0%
Average Trading Volume: 15,750
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.96M
See more data about INVR stock on TipRanks’ Stock Analysis page.
