Share this article Share this article NEWARK, New Jersey, April 13, 2021 /PRNewswire/ -- Duality Technologies, a leading provider of Privacy-Enhancing Technologies based on Homomorphic Encryption and a member of Oracle PartnerNetwork (OPN), announced today that it has partnered with Oracle to integrate Duality's capabilities within Oracle's Financial Crime and Compliance Management (FCCM) product suite. Financial institutions utilizing Oracle's software – including hundreds of major banks around the world – will gain use of Duality's privacy-preserving query engine, enabling them to engage in collaborative financial crime investigations with other financial institutions while protecting sensitive data and help ensure compliance with global privacy regulations. Oracle FCCM equips banks with end-to-end anti-money laundering (AML) solutions encompassing the entire financial crime and compliance life cycle. Utilizing Duality's Privacy-Enhancing Technology, financial institutions can now securely share insights while maintaining the privacy and confidentiality of Personally Identifiable Information (PII). This helps overcome the regulatory concerns which have hampered collaborative crime fighting efforts in the financial sector, and also helps ensure that any information sharing is conducted in the context of Oracle FCCM customers' AML operations. More and more regulators, such as the US Financial Crimes Enforcement Network (FinCEN) and the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, are encouraging information sharing among financial institutions to bolster the global fight against financial crime.