Everest partners with Oracle Financial Services to allow customers to use Everest's Application Programming Interface (API).
FREMONT, CA: Everest, a regulated fintech firm with blockchain solutions for biometric identification, custodianship, and banking services, has partnered with Oracle Financial Services to allow customers to use Everest's Application Programming Interface (API) and embrace Everest's identity verification and biometric identification services.
Due to Everest's technology, Oracle can now deliver identification verification and validation services to major financial institutions in more than 180 countries. The company's API has the following features:
Remote onboarding and electronic Know Your Customer (eKYC): The remote, paperless method helps verify a customer's credentials while reducing expenses and conventional bureaucracy in the KYC process.
Identification Verification: The capability to confirm a prospect, employee, or entity without physical presence.
Oracle Financial Crime and Compliance Management (FCCM) offers a broad range of anti-money laundering (AML) abilities and complete data management and advanced analytics across the value chain. The Oracle FCCM KYC services will be improved by combining Everest's identity verification and biometric identification services, which will decrease silos and redundancies in the KYC onboarding process.
"The integration of Oracle FCCM with our Identity Verification and eKYC arms banks with the infrastructure to leverage the latest technologies and propel banking into the 21st century," says Bob Reid, CEO and co-founder of Everest.
"Integrating Everest's identity verification and eKYC services with our FCCM platform augments our expanding partner ecosystem and enables better KYC effectiveness for our global customer base," says John Edison, vice president and head of Financial Crime and Compliance Management Products, Oracle Financial Services. "We are enabling our customers and financial institutions with the capabilities needed to remotely onboard customers across multiple jurisdictions, especially during the ongoing pandemic."
