Inverite Insights Inc.

Almost there! 🚀 Our team is en route to Toronto and excited to connect at the Automotive Finance Canada tomorrow! We’ll be diving into how Inverite is driving innovation in automotive finance with our advanced categorization and customized risk scoring solutions. If you're attending, let’s connect at the event! If you won’t be there but still want to chat, we’ll be in town all week—reach out, and let’s set up a meeting. See you in Toronto! #Inverite #AutoFinance #automotive #loans #lending #auto #fintech

Next week we'll be in Toronto to attend the CLA Auto Finance event! Let's chat about how our solutions can help your auto company improve loan decisioning times and reduce fraud. Reach out to Hamza Abbas to learn more about our solutions and partnerships in the #fintech space #AutoFinance #Auto #Automotive #Events #Toronto #Conference #Partnerships #Inverite #FinancialVerification #Bankverification #Networking

“The finance sector, widely regarded as a trend-setter for new and emerging technologies, is once again leading from the front. Since the rollout of the ‘open banking’ initiative, which allows financial data to be shared between banks and third-party service providers, the pace of innovation in the sector has skyrocketed. Credit scoring has become streamlined, anti-money laundering (AML) techniques have become more advanced, real-time trading is the new standard, and financial services companies like banks are competing to provide the best customer experience. It's not just consumers that stand to benefit either. In the UK, where the concept of open banking experienced its first real breakthrough, the NatWest Group reports that 66% of businesses save roughly 150 hours every year on operational tasks thanks to open banking initiatives.” Chris Darvill, TechRadar, “Banking On Apis: The Future Of The Finance Sector,” November 27, 2024 https://lnkd.in/g77_5h5k #OpenBanking #Finance

“The final Rule 1033 from the Consumer Financial Protection Bureau (CFPB) marks a watershed moment in consumer rights, giving individuals control over their financial data. Designed to enhance competition and accelerate the shift to open banking, the rule mandates that financial institutions share customer data with third-party data providers at the discretion of customers. The goal is to curb the misuse or wrongful monetization of sensitive personal financial data, enabling consumers to ‘vote with their feet’ against subpar service and discouraging risky data collection practices, such as screen scraping. Rule 1033 breaks the chains of data exclusivity that previously bound customers to their banks, ushering in an era of greater market exploration.” Neeraj Kumar Jindal and Sharan Bathija, Infosys, “How Can Banks Implement CFPB’s Rule 1033?” November 20, 2024 https://lnkd.in/gbSKDyFv #openbanking FDATA North America

📢 We had an amazing time today at the Canadian Lenders Association Lenders Summit! 🚀   Our Sales Manager Hamza Abbas, CFO Estelle L'Heureux, CFA, and CEO Karim Nanji were on the ground discussing the latest in #Fintech innovations and exploring partnership opportunities with industry leaders. 💡   From thought-provoking discussions to connecting with peers, it was a fantastic day packed with insights and new ideas for the future of lending in Canada. 🇨🇦   Missed us at the summit? No worries! Our team will be in town for a few more days—reach out if you’d like to connect about potential partnerships with Inverite. 👋   #Inverite #InveriteInsights #CLASummit #FintechInnovation #CanadianLenders #LeadGeneration #Lending #Networking #Toronto #Conference #Partnerships #FinancialVerification #BankVerification #Networking  

Excited for the Canadian Lenders Association Lenders Summit tomorrow! Our CEO, Karim Nanji, will be moderating a workshop on "How to Compete for and Win High-Quality Leads.". If you’re attending, don’t miss this chance to gain insights from top industry leaders and sharpen your lead-generation strategy. We can’t wait to see you there! 👋 #LeadGeneration #Lending #Fintech #Networking #CanadianLendersSummit #Toronto #Conference #Partnerships #Inverite #FinancialVerification #BankVerification #Networking

We have a few extra tickets available for the upcoming Canadian Lenders Association Lenders Summit. Let us know if you would like to join us and haven't registered yet! #CanadianLendersSummit #Events #Toronto #Conference #Partnerships #Inverite #FinancialVerification #Bankverification #Networking

We are excited to attend the Canadian Lenders Association Lenders Summit on November 6th in Toronto! If you're interested in chatting about innovations in the #fintech space and to learn more about our solutions and partnerships, reach out to Hamza Abbas to connect! #CanadianLendersSummit #Events #Toronto #Conference #Partnerships #Inverite #FinancialVerification #Bankverification #Networking

Inverite Insights Inc. Achieves new milestone with Mortgage Automator as approximately 200 Private Lenders and Mortgage Investment Corporations are live on its proprietary #OpenBanking Platform Read more here: https://lnkd.in/ged9fSp6 #fintech #mortgage #tech #finance

Tata Consulting Group, White Paper, “Consumer-Driven Banking: Opportunities For Canadian Banks,” October 2024: “Also known as open banking or consumer-directed finance, the aim of the regulation is to oversee access to financial data and ensure financial well-being. The Government recently released Budget 2024, which promises ‘Fairness For Every Generation’ and aims to address critical challenges that Canadians face including lack of affordable houses, high cost of living, a sluggish economy and job market, and financially insecure retirement. Budget 2024 has mandated the Financial Consumer Agency of Canada (FCAC) to oversee, administer, and enforce the Consumer-Driven Banking Framework. The FCAC will define the scope, system participation, guardrails related with integrity and national security, and rules governing privacy, liability, and security. Governance, scope, and technical standards will form the foundation of the first piece of legislation, while additional aspects will be enacted in fall 2024. The objectives of the framework are to ensure effective supervision of financial data-sharing, help Canadians achieve financial well-being by leveraging their financial data, drive economic growth, and ensure a stable financial system. While the framework puts the onus of enabling financial well-being and fair outcomes on financial institutions, it also offers opportunities to drive growth and unlock new business value. We explore the opportunities that consumer-driven banking or open banking will offer Canadian banks and present an approach to embark on an open banking journey.” https://lnkd.in/gwW5rmdc Budget 2024: https://lnkd.in/g6tZzYju