Inverite Expands Automotive Presence with NewRoads Automotive Group Partnership

Executive Summary

• Inverite Insights Inc. entered into a 24‑month agreement with NewRoads Automotive Group to deploy its Instant Bank Verification (IBV) and AI‑driven KYC/liveness solutions across NewRoads’ automotive retail and financing operations in the Greater Toronto Area.
• The partnership aims to streamline dealer and lender workflows, reduce manual processing, accelerate loan approvals, and enhance fraud prevention for NewRoads customers.
• For Inverite, the deal expands its footprint in the Canadian automotive finance sector and broadens the data set that fuels its machine‑learning risk‑management platform.

Key Details

• Agreement Duration: 24 months.
• Scope of Services:
• Integration of Inverite’s Instant Bank Verification (IBV) for real‑time income verification.
• Deployment of Inverite’s Identity and Know Your Customer (KYC) solution with liveness detection to strengthen fraud prevention.
• Target Market: Automotive retail and financing operations of NewRoads in the Greater Toronto Area.
• Expected Benefits for NewRoads:
• Faster, more consistent customer experience.
• Shortened loan approval times.
• Reduced fraud risk and manual processing.
• Strategic Benefit for Inverite:
• Expansion into the automotive finance sector.
• Enrichment of its data set for machine‑learning models used in decisioning and risk assessment.
• Quotes:
• “Inverite's verification platform will help us shorten approval times and reduce fraud risk while keeping the process simple for our customers,” – Kathy Nga, Leasing Manager, NewRoads Automotive Group.
• “This agreement strengthens our presence in automotive finance and brings real‑time verification to NewRoads' customers,” – Karim Nanji, CEO, Inverite Insights Inc.

Notable Quotes

• Kathy Nga (Leasing Manager, NewRoads): “Inverite's verification platform will help us shorten approval times and reduce fraud risk while keeping the process simple for our customers.”
• Karim Nanji (CEO, Inverite): “By combining Instant Bank Verification with modern identity and liveness checks, we can help NewRoads accelerate approvals while supporting smarter, data‑driven risk decisions.”