Inverite unveils Default IQ Flex for lenders

By Milan Rojan

Canadian FinTech firm Inverite Insights has launched Default IQ Flex, a new transaction-based risk intelligence solution designed to help lenders generate predictive delinquency insights using shorter periods of banking transaction data.

The new offering has expanded Inverite’s Default IQ suite by enabling financial institutions to assess borrowers using as little as 75 days of banking transaction history, compared with the longer data requirements typically used in underwriting processes. According to the company, the model has been developed to increase score coverage while supporting existing lending and verification workflows.

Default IQ Flex has complemented Inverite’s existing Default IQ Core model, creating a dual-model framework that allows lenders to assess a broader range of applicants based on varying levels of available transaction data. Both models have leveraged the company’s proprietary transaction categorisation, cash-flow analysis and machine-learning capabilities to identify patterns linked to repayment behaviour and delinquency risk.

Karim Nanji, Chief Executive Officer of Inverite, said: “Default IQ Flex expands score coverage, supports shorter underwriting workflows, and enables lenders to leverage the banking data they already collect today.” He added that the platform could transform transaction data into “actionable delinquency intelligence”, regardless of whether the information originated from Inverite, another provider or a financial institution’s own systems.

The company said the solution could be applied not only to new loan applications but also to existing customer portfolios, enabling banks, credit unions and lenders to monitor portfolio health and identify emerging risk trends without requiring additional customer data collection.

The launch has further strengthened Inverite’s broader Verification & Risk Infrastructure platform, which combines bank verification, identity verification, fraud prevention, alternative credit intelligence and risk scoring capabilities for Canadian financial institutions. The company has positioned the new offering as part of its strategy to expand the adoption of transaction-based risk analytics across Canada’s lending ecosystem.