Inverite Expands Automotive Presence with NewRoads Automotive Group Partnership
Inverite (OTC: INVRD) announced a 24-month agreement with NewRoads Automotive Group to deploy Instant Bank Verification for income checks and an Identity/KYC with liveness solution across NewRoads' automotive retail and financing operations in the Greater Toronto Area on October 7, 2025.
The integration uses Inverite's AI-driven Open-Banking Ready Platform to enable real-time income verification, streamline dealer and lender workflows, reduce manual processing, strengthen fraud prevention, and accelerate financing approvals while broadening Inverite's machine-learning data set for enrichment and detection.
Inverite (OTC: INVRD) ha annunciato un accordo di 24 mesi con NewRoads Automotive Group per implementare Instant Bank Verification per le verifiche del reddito e una soluzione Identity/KYC con rilevamento della vivacità (liveness) in tutte le operazioni di vendita al dettaglio e finanziamento di auto di NewRoads nell'area metropolitana di Toronto (Greater Toronto Area) il 7 ottobre 2025.
L'integrazione utilizza la piattaforma Open-Banking Ready alimentata dall'IA di Inverite per consentire la verifica del reddito in tempo reale, snellire i flussi di lavoro tra rivenditori e prestatori, ridurre l'elaborazione manuale, rafforzare la prevenzione delle frodi e accelerare l'approvazione dei finanziamenti, espandendo contemporaneamente l'insieme di dati di apprendimento automatico di Inverite per l'arricchimento e la rilevazione.
Inverite (OTC: INVRD) anunció un acuerdo de 24 meses con NewRoads Automotive Group para implementar Instant Bank Verification para verificaciones de ingresos y una solución de identidad/KYC con verificación de vivacidad (liveness) en todas las operaciones minoristas y de financiamiento automotriz de NewRoads en el Área Metropolitana de Toronto (Greater Toronto Area) el 7 de octubre de 2025.
La integración utiliza la plataforma Open-Banking Ready impulsada por IA de Inverite para habilitar la verificación de ingresos en tiempo real, agilizar los flujos de trabajo entre concesionarios y prestamistas, reducir el procesamiento manual, fortalecer la prevención de fraude y acelerar las aprobaciones de financiamiento, mientras expande el conjunto de datos de aprendizaje automático de Inverite para enriquecimiento y detección.
Inverite (OTC: INVRD)가 24개월 계약를 NewRoads Automotive Group과 체결했다고 발표했습니다. 이는 NewRoads의 자동차 소매 및 금융 업무 전반에 걸쳐 소득 확인용 Instant Bank Verification과 신원/생체인증(KYC) 솔루션의 라이브니스(liveness) 기능을 적용하는 것을 포함하며, 지역은 토론토 광역권이며 날짜는 2025년 10월 7일입니다.
통합은 Inverite의 AI 구동 Open-Banking Ready Platform를 사용하여 실시간 소득 확인을 가능하게 하고, 딜러와 대주 간의 워크플로를 간소화하며, 수작업 처리를 줄이고, 사기 예방을 강화하며, 금융 승인을 가속하는 동시에 Inverite의 기계학습 데이터 세트를 확장하여 풍부화 및 탐지를 수행합니다.
Inverite (OTC: INVRD) a annoncé un accord de 24 mois avec NewRoads Automotive Group pour déployer Instant Bank Verification pour les vérifications de revenu et une solution d'identité/KYC avec vérification de vivacité (liveness) dans l'ensemble des activités de vente au détail et de financement automobile de NewRoads dans la région du Greater Toronto Area le 7 octobre 2025.
L'intégration utilise la plateforme Open-Banking Ready propulsée par l'IA d'Inverite pour permettre la vérification du revenu en temps réel, rationaliser les flux de travail des concessionnaires et des prêteurs, réduire le traitement manuel, renforcer la prévention des fraudes et accélérer les approbations de financement tout en élargissant l'ensemble de données de machine learning d'Inverite pour l'enrichissement et la détection.
Inverite (OTC: INVRD) hat am 24-Monats-Vertrag mit NewRoads Automotive Group zur Einführung von Instant Bank Verification für Einkommensprüfungen und einer Identity/KYC-Lösung mit Liveness in den Automobil-Einzelhandels- und Finanzierungsaktivitäten von NewRoads in der Greater Toronto Area am 7. Oktober 2025 angekündigt.
Die Integration nutzt Inverites KI-gesteuerte Open-Banking Ready Platform, um eine Echtzeit-Einkommensverifizierung zu ermöglichen, die Arbeitsabläufe von Händlern und Kreditgebern zu straffen, manuelle Prozesse zu reduzieren, Betrugsprävention zu stärken und die Finanzierungsfreigaben zu beschleunigen, während gleichzeitig der maschinelle Lern-Datensatz von Inverite zur Anreicherung und Erkennung erweitert wird.
إينفرِيت (OTC: INVRD) أعلنت عن اتفاق لمدة 24 شهرًا مع NewRoads Automotive Group لنشر التحقق المصرفي الفوري للدخل (Instant Bank Verification) ولحل الهوية/الاعتماد على الهوية مع التحقق من الحيوية (liveness) عبر عمليات بيع السيارات بالتجزئة والتمويل لدى NewRoads في منطقة تورنتو الكبرى (Greater Toronto Area) في 7 أكتوبر 2025.
تستخدم التكامل منصة Inverite المعتمدة على الذكاء الاصطناعي Open-Banking Ready لتمكين التحقق من الدخل في الوقت الفعلي، وتبسيط سير عمل الوكلاء والمقرضين، وتقليل المعالجات اليدوية، وتقوية prevention الاحتيال، وتسريع الموافقات على التمويل مع توسيع مجموعة بيانات التعلم الآلي الخاصة بـ Inverseite للاثراء والكشف.
Inverite (OTC: INVRD) 宣布与 NewRoads Automotive Group 签署为期 24 个月 的协议，在 大多伦多地区对 NewRoads 的汽车零售与融资业务部署用于收入核验的 Instant Bank Verification 以及具备活体检测的身份/KYC 解决方案，时间为 2025 年 10 月 7 日。
该集成采用 Inverite 的 AI 驱动的 Open-Banking Ready Platform，以实现实时收入验证、简化经销商与放贷方的工作流、减少人工处理、加强防欺诈并在加速融资审批的同时，扩展 Inverite 的机器学习数据集以用于增强与检测。
- Signed a 24-month agreement with NewRoads Automotive Group
- Real-time income verification via Instant Bank Verification
- Identity plus liveness KYC to strengthen fraud prevention
- Expands presence in automotive finance and broadens data set
- No contract value or revenue impact disclosed
- Deployment limited to the Greater Toronto Area
- No guidance on timing for measurable cost or revenue benefits
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2025) - Inverite Insights Inc. (CSE: INVR) (OTC Pink: INVRD) (FSE: 2V0) ("Inverite") is a leading AI-driven software provider utilizing real-time financial data to empower businesses to transact more effectively with consumers, announced a 24-month agreement with NewRoads Automotive Group ("NewRoads"). NewRoads will adopt Inverite's Instant Bank Verification (IBV) for income verification and its Identity and Know Your Customer (KYC) with liveness solution to enhance fraud prevention across its automotive retail and financing operations in the Greater Toronto Area.
Under the agreement, NewRoads will integrate Inverite's AI-driven Open-Banking Ready Platform to support real-time income verification, reduce friction in the financing journey, and strengthen identity assurance prior to approval. The deployment is expected to streamline dealer and lender workflows, reduce manual processing, and provide a faster, more consistent customer experience.
For Inverite, the partnership advances its strategy to expand in the automotive finance sector, broadening the data set that powers its machine-learning-driven data enrichment and fraud detection tools, while reinforcing its position as a trusted provider of advanced decisioning solutions for Canadian lenders.
"Inverite's verification platform will help us shorten approval times and reduce fraud risk while keeping the process simple for our customers," said Kathy Nga, Leasing Manager, NewRoads Automotive Group. "It's a natural fit with our focus on operational efficiency and delivering an exceptional buying experience."
"This agreement strengthens our presence in automotive finance and brings real-time verification to NewRoads' customers," said Karim Nanji, CEO of 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."
About NewRoads Automotive Group
Founded in 1968, NewRoads Automotive Group ("NewRoads") is a multi-dealership automotive retailer headquartered in the York Region, Ontario. NewRoads operates a network of dealerships representing eleven major automotive brands across the Greater Toronto Area and provides financing through NewRoads Financial, supported by comprehensive after-sales services including servicing, parts, and body shop operations.
For further information about NewRoads Automotive Group, please visit: newroads.ca.
About Inverite Insights Inc.
Inverite Insights Inc. (CSE: INVR) (OTC Pink: INVRD) (FSE: 2V0) ("Inverite") is a Vancouver-based, AI-driven software provider specializing in real-time financial data. With a vast database of over 28 billion financial data points from more than seven million unique Canadian consumers requests, Inverite empowers businesses to transact more effectively with consumers through innovative solutions for data enrichment, identity, risk management and compliance.
For further information about Inverite, please visit: inveriteinsights.com.
ON BEHALF OF THE BOARD
Mike Marrandino, Executive Chairman
T: (855) 661-2390 ext. 104 Email: ir@inverite.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider/Market Maker (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release, nor has in any way passed upon the merits of the proposed transaction nor approved or disapproved the contents of this press release.
Forward-Looking Statements: This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes that any forward-looking statements in this news release are reasonable, there can be no assurance that any such forward-looking statements will prove to be accurate. The Company cautions readers that all forward-looking statements, are based on assumptions none of which can be assured and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements.
The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the CSE. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269397
FAQ
What did Inverite announce on October 7, 2025 regarding NewRoads Automotive Group (INVRD)?
How will Inverite's Instant Bank Verification affect NewRoads' financing process?
Does the Inverite–NewRoads deal include identity verification?
What geography does the NewRoads partnership cover for INVRD?
Is the financial value of the NewRoads contract with Inverite disclosed?
How does the partnership affect Inverite's business strategy?
