Onboard customers in
less than 60 seconds
Integrate quickly in an afternoon and go-live
with a fully IRDAI-compliant KYC solution!
Accepted modes of KYC
Digital KYC
Central KYC
Aadhaar – Offline authentication
OVD with Pan/Form 60
Aadhaar – Online authentication
Video-based verification
Implementing a single mode of KYC will not help Onboard every customers!
Insurance companies need to seamlessly integrate multiple KYC methods to manage needs of all our customers.
How do you seamlessly integrate multiple KYC methods to ensure low-friction onboarding of all your customers?
Based on factors like phone number & linkage, CKYC record’s existence, etc certain modes of KYC will fail. The HyperVerge Identity Platform has an end-to-end KYC orchestrator which can support any KYC workflow.
HyperVerge KYC Orchestrator
How do we manage a seamless KYC experience across all partners and acquisition channels?
Launch new customer journeys much faster, without writing code or requiring app releases.
Automate your PIVC
process & reduce
friction
Cut down on manual review efforts & resources spent using our AI to expedite your PIVC process!
Instant Onboarding
Onboard customers in <30 seconds even at scale
Reduce Fraud
Reduce fraud by 95% through automation.
Cost Efficient
Decrease backend verification expenses by 80%
Always stay compliant
with AML Regulations
Our end-to-end onboarding stack is a comprehensive product suite that contains global AML checks to prevent any fraud.
Global Sanctions & Watchlists
Global & country-specific sanctions imposed by different organisations
Politically Exposed Persons
~100% Politically Exposed Persons Profile with Global Coverage
Adverse Media Check
Adverse Media for people associated with ML/fraudulent activities
Bala Parthasarathy
CEO, MoneyTap
“We want to make credit much easier and faster for the larger population and not only the elite few. HyperVerge is a team of very smart people from reputed colleges in India and they have cracked the process of identity verification using Al/ML”
Rachel Nguyen
Director, CIMB Vietnam
“CIMB is proud to be associated with HyperVerge over the past year. We’ve had a phenomenal experience partnering with them for our eKYC journey.”
Krishna Mohan Vedula
VP Payments, MPL
“We were able to reduce the number of cases of cyber crime complaints or chargebacks after we went live with HyperVerge, ”
Mahima Garg
Chief Risk Officer, slice
“Even at scale, we’ve never had escalations. Teams have resolved any issues with the HV team seamlessly. This is exactly what we want.”
Dhinesh Potnuru
Product Head, IndMoney
HyperVerge made our lives easier through the whole customer acquisition and activation process. We were achieving high business impact after we built in their solutions where there were previously very high drop-offs for the users.
Nikhil Joy
Head of Product, Zest Money
By using HyperVerge’s APIs, we cut short the document validation process from 8-10 mins to 10 seconds.
Mistakes to avoid while selecting/orchestrating KYC methods
- If someone is using Aadhaar XML (even though we don’t recommend using it), it is necessary to do some health check to ensure whether the UIDAI website is live or down
- In the KYC Record upload workflow, make sure to extract & validate KYC details, not just ‘search & download’. If only search & download is done, bad/empty records can be downloaded.
- Not all Aadhaar numbers are linked with mobile numbers, so before taking a user through a journey, it would be helpful to check whether their mobile number is linked to their Aadhaar.
(Digilocker has an API call that can check whether the mobile number and Aadhaar number are linked only using the mobile number as input)
What are the 80-20s to get right when implementing aKYC process/ solution?
- Try to use a workflow orchestrator instead of building everything yourself
- Use passive liveness as a best practice. It has a high conversion rate, requires very little instructions and works well on all devices and bandwidth conditions