Everest - Financial Technologies Elevating Humanity
Through the use of digital identities, digital wallets, document management, and biometrics, users will be able to digitally verify their identity for public services and claim their social and economic rights. Device-free identity verification. Peer-to-peer registration using biometric data allows anyone, anywhere to enroll in the platform, without the need for a device. Seamless value transfer. By verifying identity with 100% accuracy Everest reduces leakage, fraud, friction, verification, and data access costs.
Of the 7+ billion people on Earth, over 1.1 billion still lack any form of legal identity, 1.5 billion cannot prove their identity, close to 1.7 billion are without a bank account, and 5 billion do not have a smartphone or access to digital wallets. Identity verification is an obstacle to growth in emerging markets as it prevents people from accessing formal economic services, such as banking, insurance, and…