Original News Release
Inverite selected to be data provider for fintech co.
Mr. Karim Nanji reports
INVERITE'S AI PLATFORM BECOMES CORE DATA LAYER FOR A GLOBAL FINTECH'S TIER 1 CANADIAN WEALTH MANAGEMENT CLIENTS
A global fintech enterprise has selected Inverite Insights Inc. as a core integrated data and verification provider for its Canadian ecosystem. The partner is recognized for powering large-scale wealth management platforms across major financial institutions worldwide.
Highlights:
A global wealth management technology provider administering over $2-trillion (U.S.) in assets, supporting 26 million end investors and serving 650-plus financial institutions and 12,000-plus wealth and asset management firms worldwide has selected Inverite as a core data intelligence and verification layer for its Canadian operations.
Inverite's AI-driven real-time data platform will be embedded directly into the partner's Canadian wealth management infrastructure.
The integration provides Tier 1 financial institutions and wealth managers with:
Automated EFT collection;
Real-time KYC (know your client) confirmation.
Through this partnership, the global fintech provider will embed Inverite's AI-enabled, real-time data intelligence layer directly into its Canadian wealth management infrastructure. Inverite will deliver key onboarding and compliance functions including:
Automated EFT collection -- a faster, more secure and less error-prone process for onboarding clients;
Real-time KYC confirmation -- instant verification of account ownership and identity for regulatory compliance and risk management.
This integration positions Inverite within the core infrastructure layer of the partner's Canadian wealth platform, allowing Inverite's capabilities to support onboarding, payment initiation, identity verification and compliance workflows across Tier 1 financial institutions. As a result, Inverite's services will be natively available to participating Canadian financial institutions without requiring separate integrations.
The agreement establishes a scalable, high-distribution channel for Inverite, further strengthening the company's role in Canada's emerging open banking ecosystem and supporting recurring revenue growth as its AI-driven services are consumed across a national Tier 1 client base.
"This partnership is a defining milestone for Inverite and validates the core of our business model," said Karim Nanji, chief executive officer of Inverite Insights. "Embedding our AI-driven data intelligence directly within the financial infrastructure of a global enterprise demonstrates our ability to operate in highly regulated environments and accelerates our national scale. It firmly positions Inverite at the forefront of Canada's next generation of open banking and AI-enabled financial verification."
The company is also pleased to announce a non-brokered private placement of 25-cent units, for gross proceeds of up to $1-million. Each unit comprises a common share and one-half warrant. Each whole warrant is exercisable to purchase a common share at a price of 35 cents for a period of two years. The company may pay finder fees in accordance with applicable laws and exchange requirements. All securities issued will be subject to a hold period expiring four months and one day from the closing date.
About Inverite Insights Inc.
Inverite Insights is a Vancouver-based, AI-driven software provider specializing in real-time financial data intelligence. With a proprietary database of over 30 billion financial data points from more than seven million unique Canadian consumer requests, Inverite empowers businesses to transact more effectively with consumers through innovative solutions for data enrichment, identity verification, risk management and regulatory compliance.
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