Oracle teams up with Everest

Thursday 15 July 2021 12:45 CET | News

Oracle Financial Services Software has teamed up with financial technology provider Everest to bring blockchain to banks worldwide.

The collaboration means Oracle’s bank clients will be able to verify a customer’s credentials and transfer them to the blockchain platform in different countries. Oracle, the parent company, launched a blockchain platform cloud service in 2018. Its financial software unit already provides an array of anti-money laundering capabilities, but Everest’s blockchain-based identity and biometric verification services should improve Oracle’s banking software, as stated in Reuters.

Through the joint service, banks can also access cryptocurrencies, cross-border and decentralized finance or DeFi tools. 

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Keywords: partnership, blockchain, banks, cryptocurrency
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech