Founded in 1997, thirdstream has approximately 50 BFSI clients, who together serve over 6.4 million Canadian consumers. Thirdstream presents an extensive and expanding ecosystem supporting financial institution needs for online and in-person account opening, onboarding, identity verification, and automated decisioning. Their BFSI client base includes prominent financial institutions such as
'Our relationship with
Pursuant to the licensing agreement, Marble will license both its Marble Connect API and the Inverite platform to thirdstream, allowing thirdstream to enhance its platform ecosystem and technology solutions for BFSI clients and benefiting their clients' underlying customers.
The Marble Connect API will represent a new solution on thirdstream's platform, providing thirdstream's BFSI clients with both internal data insights and benefits for their end-user customers. It will provide these BFSIs with additional tools and real-time data insights on their customers, providing additional products and solutions to offer their underlying customers. Marble's AI-driven solutions will provide these BFSI companies with more informed insights on risk and tools to assist with customer retention. BFSIs will also have the ability to attract both additional consumers as well as better support existing account holders, and, in the case of credit unions, existing members, through access to the new consumer solutions offered on the MyMarble platform.
Marble Connect will give thirdstream's BFSI clients access to the MyMarble platform, which they can extend to their account holders and members, without Marble having to expend significant marketing costs. Marble's intuitive software provides valuable tools for people seeking personalized financial guidance. The unique combination of Marble's banking and credit technologies is designed to provide data-driven insights and guidance to help users set
financial direction, gain knowledge to become financially fit, and achieve key financial goals around budget and cash flow management, debt reduction and improvement on credit worthiness.
Thirdstream will also offer Inverite's B2B instant banking verification solutions to its BFSI clients for Know-Your-Client ('KYC') capabilities, income verification for credit decisioning, and account funding. Inverite's technology provides connectivity to 286 financial institutions' access points, helping Inverite provide financial institutions with instant verification for faster decision-making processes and seamless loan transaction processing.
About thirdstream: thirdstream provides a cloud-based digital account opening ecosystem and configurable identity verification workflow. We help over 50 Canadian credit unions, banks and trust companies automate their retail and commercial account opening journeys, online, and in-branch. The company's retail and commercial deposit account opening solutions also deliver online consumer lending, and credit card onboarding solutions. They present a consistent consumer application, approval and real-time funding experience.
For further information about thirdstream, please visit: thirdstream.ca
About
For further information about Marble, please visit: mymarble.ca
About
For further information about Inverite, please visit: https://Inverite.com
Contact:
Executive Chairman
T:(855) 661-2390 ext. 104
Email: ir@marblefinancial.ca
Caution Regarding Forward-Looking Information
This release contains forward-looking statements. Forward-looking statements, without limitation, may contain the words beliefs, expects, anticipates, estimates, intends, plans, or similar expressions. Forward-looking statements do not guarantee future performance. They involve risks, uncertainties and assumptions and actual results could differ materially from those anticipated. Forward looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except for historical facts, the statements in this news release, as well as oral statements or other written statements made or to be made by Marble, are forward-looking and involve risks and uncertainties. The forward-looking information included in this release is expressly qualified in its entirety by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
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