Mr. Karim Nanji reports

INVERITE APPLAUDS CANADA'S RENEWED PUSH TOWARDS OPEN BANKING FRAMEWORK

Inverite Insights Inc. has welcomed the government of Canada's continued progress toward establishing a national consumer-directed finance (open banking) framework, as noted in a recent update from the Financial Data and Technology Association North America.

FDATA North America, representing major fintechs, financial institutions and data platforms, recently commended the federal government's appointment of Abraham Tachjian as Canada's open banking lead. This step marks renewed federal momentum toward a regulated, consumer-driven data-sharing system designed to enhance competition, innovation and transparency across the financial service industry.

FDATA highlighted several key advances:

1. The appointment ends years of policy delay, and provides clear leadership for open banking policy and implementation.
2. It establishes a foundation for governance, accreditation and technical standards supporting consumer-controlled data sharing.
3. It positions open banking as vital financial infrastructure that promotes efficiency and improves outcomes for both consumers and businesses.

"Inverite supports this important step forward in Canada's open banking journey," said Karim Nanji, chief executive officer of Inverite Insights and director of FDATA North America. "A structured, consumer-driven data framework is essential for building a modern financial system where innovation and fairness go hand in hand. Inverite's mission and technology are fully aligned with those goals."

As an active member of FDATA North America, Inverite continues to engage in policy and technical discussions that shape Canada's data access standards. Through its proprietary risk intelligence platform, Inverite delivers real-time, artificial-intelligence-based affordability and behavioural and identity insights that support responsible decision making and align with the principles of consumer-directed finance.

"This announcement represents real momentum for consumer-driven banking in Canada," said Steve Boms, executive director of FDATA. "By streamlining oversight of the fintech ecosystem under the Bank of Canada and committing to write access as the next phase of implementation, the government is moving closer to ensuring Canadians and small businesses have secure, reliable and affordable ways to access and share their financial data -- helping drive innovation and inclusion across the financial sector."

About Inverite Insights Inc.

Inverite is a Vancouver-based AI software company delivering real-time financial data intelligence. With over 30 billion financial data points collected from more than seven million Canadian consumers, Inverite provides lenders and businesses with data-driven insights to improve risk modelling, identity verification and compliance.

We seek Safe Harbor.