- Marble Financial (MRBL) has entered into a licensing agreement with Thirdstream to bring Marble’s financial technology solutions to Thirdstream’s clients
- Thirdstream has approximately 50 banks, financial services and insurance (BFSI) clients, who serve over 6.4 million Canadian consumers
- Marble will license both its Marble Connect API and the Inverite platform to Thirdstream
- Marble Financial is an AI-driven financial technology company
- Shares of Marble Financial Inc. are up 10 per cent, trading at $0.11 as of 9:50 AM ET
Marble Financial (MRBL) has signed a licensing agreement with Thirdstream to bring Marble’s financial technology solutions to Thirdstream’s clients.
Founded in 1997, Thirdstream has approximately 50 banks, financial services and insurance (BFSI) clients, who 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.
“Our relationship with Marble Financial provides our clients with advanced solutions, helping them present leading financial products and services to consumers across Canada,” stated Keith Ginter, Thirdstream’s CEO.
In line with 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.
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.
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.
“We are extremely pleased to enter into this robust licensing agreement which encompasses all our products and solutions,” said Karim Nanji, CEO of Marble.
“We believe this relationship with Thirdstream will support our future revenue growth initiatives by providing the potential to add a significant number of new users to our MyMarble platform as well as adding new Inverite clients,” he added.
Thirdstream provides a cloud-based digital account opening ecosystem and configurable identity verification workflow.
Marble Financial Inc. is an AI-driven financial technology company.
Inverite is an open-banking and consumer-directed finance provider, which offers banking verification solutions to the financial services industry for income verification, credit decisioning, fraud reduction, and know-your-client/anti-money laundering purposes.
Shares of Marble Financial Inc. are up 10.00 per cent, trading at $0.11 as of 9:50 AM ET.