Marble Financial Inc. (CSE:MRBL, OTC:MRBLF) said it has entered a licensing agreement with WiiBid Solutions Corp, a leading fintech company offering an online borrower-centric lending marketplace for its Marble Connect application programming interface (API).
The company also announced it has appointed Rose Zanic as its chief financial officer replacing Natasha Tsai, who resigned from the position.
Marble noted that WiiBid has 20 years of experience in providing technology solutions to major corporations and financial institutions, and has established Canada’s first digital marketplace for borrowers to get direct access to various financing deals.
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"We are pleased to announce the licensing agreement with WiiBid as it represents the integration of our second online marketplace within the alternative lending space," Marble's vice president of business and corporate development, Doug Tanner, said in a statement.
"The Marble Connect software implements artificial intelligence to provide accurate credit score valuations for users who need them the most such as sub-prime customers.
“That said, this agreement highlights the strength of our proprietary technology in delivering personalized financial solutions that can help users improve their financial wellness,” Tanner added.
Marble said WiiBid aims to empower its users by providing them with tools that can help them reach their financial goals, leading to WiiBid licensing the advanced credit valuation software, Marble Connect.
The Marble Connect API can perform accurate assessments on users’ financial information, resulting in improved credit ratings for them. In addition, users who fail to meet certain credit thresholds will be provided with prescriptive recommendations on how to increase their credit scores. As a result, Marble said the integration of the Marble Connect platform within WiiBid’s online marketplace will enable sub-prime borrowers to be eligible for obtaining more competitive financial solutions from lenders.
“Our team at WiiBid is committed to our customers by not only providing them with the best rates but also with access to meaningful education, tools and resources necessary to ensure their financial success, which is why we have partnered with Marble, a leading AI-powered platform in consumer credit management,” WiiBid CEO Amin Eskooch said.
“Through our partnership with Marble, WiiBid will be able to help its clients receive valuable insights about the state of their credit and its impact on their ability to obtain mortgage financing, as well as provide them with practical and actionable recommendations on how to improve their rate and financial position.”
Announcing Zanic’s appointment as CFO, Marble said she has over 25 years of capital markets and corporate finance expertise and is a self-employed corporate finance professional with significant experience with going-public transactions, financings, M&A transactions, and general public company administration.
She previously spent 19 years with Wolverton Securities Ltd where she was senior vice-president of corporate finance in charge of the firm’s corporate finance and syndication department.
Contact the author at stephen.gunnion@proactiveinvestors.com