HyperVerge Identity Verification Platform
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HyperVerge Onboarding
HyperVerge Onboarding
NEED FOR KYC

Why KYC & AML for Remittance?

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Ensuring the integrity of transactions.

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KYC and AML procedures help ensure the accuracy .

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Security of customer information and transactions.

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Maintaining reputation and integrity.

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An effective KYC and AML procedures can help you establish trust

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Easy credibility maintains with regulators and customers.

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Improve operational efficiency.

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Streamlining KYC and AML processes can improve operational efficiency.

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We can reduce manual effort and errors upto 90%.

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Protection from fraud and illegal activities

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Protect your business and your customers from fraud and other illegal activities.

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Easy credibility maintains with regulators and customers.

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Compliance with laws and regulations

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Follow KYC and AML procedures to comply with legal requirements and avoid penalties.

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We can reduce manual effort and errors upto 90%.

~25% to ~5%

Reduced Drop-Off Rate

95%

Straight-through Processing

$300M+

Saved in fraud losses

~10 Sec

Document collection TAT

WHY CHOOSE US

How we stand out?

Transform your business. Our solutions help businesses save time and resources, with an average processing time of less than 5 seconds.

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Technical support

We have a CSAT score of 4.46/5 and NPS score of 72%. 24/7 expert guidance available.
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Flexible pricing

Scalable pricing options with cost savings of up to 50% compared to other solutions.
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4 hour integration

Easy, hassle-free integration with our low-code workflow. Go live within 4 hours.
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Global Coverage

We offer coverage for 195+ countries. Compliance across 10+ industry verticals.
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Eliminate frauds

Reduce the risk of fraud by screening users for global sanctions, PEPs etc.
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Enhanced User Experience

Improve CX and boost user conversions by verifying liveness with just a selfie
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Customisable UI

Flexible UI/UX & customisable workflows to meet the unique needs of your business
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Accuracy & Reliability

Fast, secure verification with 99.5% accuracy and 99.9% uptime.
CUSTOMER TESTIMONIAL

Customers love HyperVerge!

“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”

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“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”

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“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.”

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“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.”

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“We were able to reduce the number of cases of cyber crime complaints or chargebacks after we went live with HyperVerge,”

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“We were able to reduce the number of cases of cyber crime complaints or chargebacks after we went live with HyperVerge,”

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“Even at scale, we’ve never had escalations. Teams have resolved any issues with the HV team seamlessly. This is exactly what we want.”

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“Even at scale, we’ve never had escalations. Teams have resolved any issues with the HV team seamlessly. This is exactly what we want.”

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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.

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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.

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By using HyperVerge’s APIs, we cut short the document validation process from 8-10 mins to 10 seconds.

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By using HyperVerge’s APIs, we cut short the document validation process from 8-10 mins to 10 seconds.

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Customer Stories

How we supercharge businesses across Remittance industries

Reduce drop-offs at the top of the funnel while providing the most seamless experience

Hyperverge supercharges businesses across industries
Hyperverge supercharges businesses across industries
Hyperverge supercharges businesses across industries
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Latest Blogs

The latest news, updates and more about KYC industries & related market resources from our team.

View More Blogs
How Can Businesses Prevent Cross-Border Remittance Fraud?

Jan 06, 2023

How Can Businesses Prevent Cross-Border Remittance Fraud?

In cross-border remittance there are parties involved from different geographies. Click here to know about how crimical commit fraud and ways to prevent such frauds!
Fraud Prevention 4 min read
Curbing Frauds in Cross-Border Remittance

Dec 08, 2022

Curbing Frauds in Cross-Border Remittance

Cross-border remittance frauds are on the rise. Here's how businesses can prevent them with HyperVerge.
Fraud Prevention 4 min read
What is Trade-Based Money Laundering (TBML)?

Feb 03, 2023

What is Trade-Based Money Laundering (TBML)?

Uncover the ins and outs of Trade-Based Money Laundering (TBML) and its effects on financial institutions.
Compliance 4 min read

Frequently
asked Questions

HyperVerge Support

Still have questions? Please chat with our friendly team

Chat with our team

What are the specific regulations and compliance requirements for KYC and AML in the remittance industry?

The specific regulations and compliance requirements for KYC and AML in the remittance industry will vary depending on the country or jurisdiction in which the remittance company operates. In general, however, there are several key regulations and compliance requirements that are commonly applicable to the remittance industry, including:

  1. The USA PATRIOT Act
  2. The Financial Action Task Force (FATF) recommendations
  3. The European Union (EU) Directive

What are the potential risks and challenges of implementing KYC and AML solutions in the remittance industry?

Some potential risks & challenges include:

  1. Compliance with complex and changing regulations
  2. High costs of implementing and maintaining KYC and AML solutions
  3. Loss of customers due to KYC and AML processes
  4. Difficulty in accurately identifying and verifying customers
  5. False positives in transaction monitoring
  6. Reputational risks from association with money laundering

What are the best practices for implementing KYC and AML solutions in the remittance industry?

Some best practices include:

  1. Conducting thorough risk assessments
  2. Implementing robust customer identification and verification processes
  3. Developing effective transaction monitoring systems
  4. Establishing clear policies and procedures for reporting suspicious activities
  5. Conducting regular internal audits and reviews
  6. Seeking guidance and support from regulatory authorities and industry associations.

Latest Blogs

The latest news, updates and more about KYC industries & related market resources from our team.

View more Blogs
Feature ImageDecember 8, 2022

Curbing Frauds in Cross-Border Remittance

Cross-border remittance frauds are on the rise. Here's how businesses can prevent them with HyperVerge.

Fraud Prevention5min read
Feature ImageDecember 8, 2022

Curbing Frauds in Cross-Border Remittance

Cross-border remittance frauds are on the rise. Here's how businesses can prevent them with HyperVerge.

Fraud Prevention5min read
Feature ImageFebruary 3, 2023

What is Trade-Based Money Laundering (TBML)?

Uncover the ins and outs of Trade-Based Money Laundering (TBML) and its effects on financial institutions.

Compliance6min read