Marble Financial Inc. (CSE:MRBL, OTC:MRBLF) has announced that Canadian mortgage brokerage services provider RateShop Inc has launched Marble Connect Application Programming Interface (API) and Inverite’s open-banking software on its platform.
RateShop specializes in matching customers with competitive deals for mortgages that fit their preferences and credit profiles. It boasts access to over 65 financial institutions, including banks, credit unions, and mortgage lenders.
The Connect API and Inverite software will allow RateShop's customers to receive accurate credit assessments, gain access to MyMarble's comprehensive financial programs and tools, and AI-driven credit improvement solutions in addition to having their banking information verified in near real-time, Marble said in a statement.
READ: Marble inks licensing agreement with thirdstream for its Connect API and Inverite Open Banking Software
The firm added that RateShop's platform should be able to produce higher customer retention due to the “strong value proposition” for its users, and accelerate its decision-making process to expedite the onboarding of new customers.
Doug Tanner, Marble’s vice president of business and corporate development, told investors that the agreement highlights the significant traction that Marble is getting with its B2B solutions.
"Since launching our Connect API, we have signed licensing agreements for both Connect and Inverite with several prominent firms with impressive depth and breadth of operations that span industries sectors such as financial services and banking, automotive services firms and mortgage brokerages, allowing our products to reach all of their underlying customers to support new user growth of our platform,” Tanner said.
“As RateShop expands its operations, we intend to continue assisting RateShop in delivering greater value to its customers with our proprietary technology offerings.”
Tanner emphasized the ability of Marble’s technology to be a factor in every major financial transaction that a person can experience in their lifetime.
Helping customers to improve credit scores
In 2021, RateShop experienced a significant increase in the number of its customers, which led to it licensing Marble's advanced B2B technology solutions to service its growing user base.
"By integrating MyMarble, RateShop allows customers an opportunity to monitor and improve their credit score. We believe this will help clients budget, track, and eliminate debt by introducing good financial habits while finding the best mortgage solutions for their needs,” said Idda Ahmed, RateShop's marketing manager.
Based in Vancouver, Marble and its proprietary MyMarble platform utilizes the power of machine learning, data science, and artificial intelligence, in leveraging its proven data-driven strategies through technology solutions Connect, Inverite, MyMarble, Fast-Track, Learn and Boost to engage in and navigate a clear path towards financial wellbeing and a meaningful credit score.
Contact Angela at angela@proactiveinvestors.com
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