The extension of Atlas is Fides, allowing banks to mutualize KYC workload between them and to monetize on their existing validation efforts Fides is a platform that allows customers to share validated KYC data across institutions in the Fides ecosystem The solution is particularly relevant to large Corporate clients and allows banks to share the burden of validation and maintenance of regulated data Most importantly, it alleviates extensive burden from customers as they now provide and amend data once, irrespective of parties with access to that data Finally, the platform allows banks to monetize on their existing KYC efforts by electing to charge 3rd parties for access to their validating stamps Fintech Lab - Confidential copy 5
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