Inverite Insights Inc. announced a strategic collaboration with infinitii ai inc. This partnership aims to enhance Inverite's data science, data enrichment, and AI capabilities, specifically in the development of its proprietary predictive algorithms catering to the largest sector of the credit economy - the alternative lending industry. Underbanked consumers, often overlooked by traditional credit scoring methods, represent a significant segment seeking credit through alternative lending channels. With an extensive database of consumer payroll and spending data comprising over seven billion financial data points from more than four million unique Canadian consumer transactions, Inverite is on a mission to revolutionize credit assessment by leveraging infinitii ai's expertise in AI, machine learning and data modeling.

In a move aimed at predicting credit repayment and default behavior of loan applicants, Inverite has enlisted the support of infinitii ai to enhance its predictive scoring methodologies. The partnership encompasses more in-depth machine learning capabilities, continuous optimization, solution development and technology licensing. Karim Nanji, CEO of Inverite, highlighted the importance of the collaboration.