Alviere, a prominent company in the embedded finance sector, has signed a multi-year strategic partnership with Oracle to collaborate on making integrated financial services more widely available to businesses globally.
Financial services embedding will be the main focus of the partnership in Oracle’s industry-specific software suites.
The partnership combines global reach of Oracle and its excellent suite of applications with Alviere’s deep knowledge and technical skills in developing excellent financial technology for the regulated markets. Their aim is to create new banking opportunities for the unbanked and marginalized groups through provision of safe, scalable and compliant financial solutions fully meeting industry requirements and standards of big companies. Moreover, the contract states that Oracle will be an additional investor in Alviere’s latest fundraising round.
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“This collaboration is a major step in making embedded finance frictionless at scale,” said Pedro Silva, CEO and Co-founder of Alviere. “Global enterprises trust Oracle to run their core operations. By integrating Alviere’s regulated services directly into those workflows we’re making it much easier to move money — securely, globally and with compliance front and center.”
“Oracle works with a broad ecosystem of partners to help customers modernize and streamline operations,” said Simon de Montfort Walker, executive vice president, Industries, Oracle. “Alviere brings an industry-leading, enterprise-ready embedded finance solution that enables organizations to unlock efficiencies and serve customers with new integrated capabilities.”
By embedding financial services directly into enterprise applications, the partnership is expected to simplify operational complexity, enhance user experiences, and accelerate digital transformation initiatives for global businesses.
