Fintech elevating emerging markets

Trust Everest

PartnersGovernments

Financial Institutions

Central Banks

Remittance Suppliers

Banks & NGOs

Insurance Companies

Market Opportunity: under-banked and crypto

$Trillions$500 Billion$5-10 Trillion $10s of BillionsCash transferRemittancesFinancial services ID verification & eKYC

ID verification + transacting in emerging markets and crypto is VERY difficult

Banks, govts, regulators demand KYC and compliant transactions

1.1 Billion 2.6 Billion 4-5 BillionWithout identity Without bank accounts Without smartphoneCrypto wallets, growing

50k-100k per day

70 Million

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Market size

Population

Enormous market happening now

EverWallet: Virtual account/wallet on-device & cloud Store & send “money” and documents

EverID: Govt. + biometric + 3rd party claims with KYC/AML for users and businesses w/ doc storage

CRDT: stable, backed by fiat/USD, conditional eMoney

Bank NGO Government Land Business Insurance Hospital Users

Full Solution: ID + Wallet + Ledger + Currency

Organization EverID + EverWallet

4“Digital Identity on the blockchain is a gateway to all use cases:” – Asian Development Bank

EverChain: Ledger Process billions of transactions, few seconds per transaction

Infrastructure for a new economy

an economy of companies built on Everest infrastructure

I D V E R I F I C AT I O NKYC, AML, all services require ID verification

A P P L I C AT I O N S

wallets with human identity, all transactions tracked

W A L L E T S & T R A N S A C T I O N S

a registry of humankind, in which users control access.autonomous governance and escalation protocols. observing members & key holders

I D R E G I S T R Y : I N F D A OI N F

V O T I N G

A P P S & C O M PA N I E S

E V E R E S T

M O N E Y

I DV E R I F I C AT I O N

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• Patented & differentiated• User-owned cloud• Distributed & encrypted• No device required

Biometrics open ID and Account

Biometric ID + Wallet

EverWallet &

Docs

Any account or wallet from a bank, MTO, crypto, etc.

Name, Address, Gender, Age, Biometrics, scans of docs, etc.

Identity Claims: 3rd party attestations, KYC/AML

Transactions tied to person

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Everest

3rd Party

• Smart contracts ensure each transaction is regulatory compliant

• Every transaction tied to biometrics

• Partners can use own wallets/accounts

• Patent-pending

Cryptographically signed

transactions

Smart Contract: Amount, frequency, source, purpose, person

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Orgs pay to verify & on-board users

BankBusiness

Insurance Hospital Users

NGO Government

User or Agent registers with

Everest mobile App

Liveness photo,biometrics,

ID docs verified

App encrypts & cryptographically

creates ID + Wallet

App encrypts, cryptographically creates ID, Wallet with:IDV, KYCAML,CFT etc.

ALL Orgs have same problems:

•On-board user to digital service•Verify user•Transact w/ verified users•Reach as many users as possible

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Bank

Business

Insurance

Hospital

Users

NGO

Government

All need to verify ID and transact

eBanking • Remittances • p2p payments • Lending • Insurance • Cashless • eKYC • Digital banking

My Wallet

eGov • Cash Transfer • Service delivery • Digital ID • Conditional

vouchers

eBiz • Payroll • Payments • Lending/borrowing

eHealth • Patient mgmt. • Records • Payments

My Wallet

Money Transfer

On-board users to ANY service…..offer more services

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KYC/AML + Compliance PlatformRegistered FI in EU with Anti-Money Laundering Officer on-staff

Account/wallet:•Account/wallet for identity, ERC20 tokens•ALL wallets are auto-screened for AML, watch lists, etc.•p2p and international remittance platform integrated

Compliance:•Financial Transaction Tracking Platform•Automatic reporting

eKYC:•190 countries •over 4,000 identity documents•Biometrics + Govt. ID + 3rd party attestations•Single-sign-on•AML, CFT, PEP, watchlist checks from over 500 sources

SIGN IN

CREATE ACCOUNT

eKYC Platform for Oceania

Financial infrastructure for Banks, FIs, regulators and central banks

IMF’s Managing Director, Kristalina Georgieva, October 30, 2019.… a KYC utility “can increase the confidence and allow for correspondent banking to serve the citizens in the Pacific better”. 

Problem: De-risking: Central Bank of Samoa, Australian & New Zealand financial regulators don't have a reliable way for remittance companies to verify identities and track $billions.

Solution: Biometric eKYC for nation of Samoa + financial transaction compliance platform for Central Banks + MTOs and FIs across the region.

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On-boarding with KYC/AML + compliance

Biometrics with liveness

ID doc verification + match with user

Proof of Address

Watchlist checks

SIGN IN

CREATE ACCOUNT

Enter Phone

Enter your phone number (country code included) to receive your device verification code. Please allow several

seconds for the code to arrive.

+685

SEND CODE

Identity verification

Select a document

Passport

Driver’s License

National Identity Card

Residence Permit Card

You will take a picture of it in the step

TAKE PHOTO

Capture Face

RETAKE PHOTO SAVE PHOTO

Personal Data

Stree

Enroll Fingerprint

Center the finger

TAKE PHOTO

Balance: 503

Organizations

ABC Bank

Automatic reporting

Transaction tracking

Problem: Identity verification, reliability, security, trustworthiness. KYC/AML users + track money + reporting

Solution:

Global eKYC + transaction + compliance

Cheaper, faster, better than competition

On-boarding app opens multiple services

Bank: On-boarding/eKYC + Moving Money + Compliance

Opportunity: Verified user acquisition w/ KYC, and transaction reach & compliance

Solution: Everest app & platform to on-board, KYC and send money

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Rich user identity information

Confirm user identification

Send value transaction

Receive offers for other services

Co-branded On-boarding App

SIGN IN

CREATE ACCOUNT

Identity verification

Select a document

Passport

Driver’s License

National Identity Card

Residence Permit Card

You will take a picture of it

My Wallet My Wallet My Wallet

Lorem Ipsum

Problem: Verify IDs of 50M users and move US$ 7 billion without leakage

Solution: biometric verification + cryptographically signed transactions

Completed Results:• Over 5,000 households in three cities• Real-time settlement w/ BRI bank• 99.999% accuracy• Leakage eliminated

BRI Bank + Indo. govt: ID verification + Cash Transfer

14Technology works in the field

“….the govt. could save more than US$ 3.49 billion in state budget….” Rudy Gobel of TNP2K in Jakarta Post

Bank or FI manages users via Admin Console. Integrates into existing Bank systems & APIs

3

Reduce leakage, track & rank users, agents, admin

User1 Agent registers identity w/ digital wallet & doc storage2

User receives eVoucher with or without phone4

eMoney w/ conditions, vouchers

Agent redeems voucher, transaction settled on ledger & gets fiat

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User biometrically verifies & exchanges digital voucher for goods with agent

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BRI & Indo Govt: cashless loops, reaching all users

bankAdmin Console

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eKYC + remittances from EU to Anywhere

Everest from EU (US coming in Q1): License to take deposits, convert currency, trade on own account and send money to any regulated financial institution in the world

• Cash-in: EU• Cash-out: 170 countries, over 200,000 agents

Direct-to-consumer in EU to drive adoption in ROW 16

Remittances from EU to Anywhere

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2a) User sends pre-paid voucher of 800k IDR to friend in Indonesia

3) Friend goes to Any bank or retailer with

prepaid voucher

Any currency to AccountVouchers returned to Everest

Convert to fiat, food, mobile data,

pay bills

eMoney w/ conditions, vouchers

4) Bank or Merchant redeem vouchers w/

webcam or Everest App after verifying funds in settlement account.

Funds Available?

Everest settlement Account

5) Transfer money & take voucher

1) User creates KYC/AML account. Buys pre-paid voucher from Everest

EU

2b) Everest sweeps money into settlement account

Merchant Bank

Messaging

Fiat currency

EUR, USD, BTC, ETH

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Admin Portal for continuous compliance

Real-time view of all transactions, senders, receivers, compliance

Admin Console - User Directory and Detail Screens

Admin Console - Transaction List and Detail Screens

List of Transaction Data Elements

Admin Console

Sender EverID Data:User name (First Name, Last Name)AddressPlace of birthDate of birthGenderPhotograph of ID cardID card verification (source, date)Sender selfie with ID CardOther data (KYC verified claim)

Recipient EverID Data:User name (First Name, Last Name)AddressPlace of birthDate of birthGenderPhotograph of ID cardID card verification (source, date)Receiver selfie with ID CardOther data (KYC verified claim)

Transaction Data:Transaction timestamp (GMT date and time)

Origin MTO Origin MTO Agent EverIDDestination MTODestination MTO Agent EverIDTransaction amount (in origination currency)Source of Funds (from Sender)Remittance Purpose (from pick list)Sender AML/CTF/PEP lookup and resultsReceiver AML/CTF/PEP lookup and resultsOrigination currencyOrigination currency amountOriginating bank & account (from Origin MTO Org EverID)Destination currencyDestination currency amount Destination bank account / funding source (from Destination MTO Org

EverID)Fees paid (currency and amount) Exchange rate used for transactionPickup location (from Destination MTO Org EverID) and timeframe

Automated Financial Transaction Tracking Reports

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Report Type Jurisdiction Specific Report (Australia Example)

International Financial Transaction Report IFTI-DRA-1-2.xsd

Over Threshold Report TTR-MSB-2-0.xsd

Suspicious Matter Report SMR-2-0.xsd

Suspicious Transaction Report SMR-2-0.xsd

Sanctions List Assistance Referral_Form_to_AFP.doc

Reporting: each jurisdiction has a different set of requirements for reporting and conform to five common types listed below

Data input into reports cryptographically signed

We built that

And it must be low costResolution SystemRegulatory Compliance with ReportingTransaction TrackingMobile account / wallet no phone requiredIDV / KYC / AML

Infrastructure for a new economy