One-time KYC
Eliminate the need for customers to undergo repeated KYC process for different financial institutions
Our technology works even on very low-bandwidths, on low-end devices and ensures smooth customer onboarding with high customer conversion rates.
0%
Reduced customer drop off
0%
Straight though processing
$0M+
Saved in fraud losses
0sec
Authentication speed
CKYC is an initiative by Government of India. This allows customers to u003cstrongu003ecomplete their KYC only onceu003c/strongu003e before interacting with multiple Financial entities. u003cbru003eThese details can be accessed by other REs when the same customer interacts with them.
One-time KYC
Reduce compliance cost
Reduce fraud risk
What do we offer?
Businesses trust HyperVerge to deliver the most seamless customer onboarding experience while preventing frauds
The pain points and challenges associated with manually uploading and updating CKYC data.
Manual data entry leads to errors, wastes time u0026 impacts CX
Difficult to follow CERSAI’s naming convention, file size limitations, etc.
CERSAI’s constant modification to the CKYC process requires system updates
Automate CKYC steps 1, 2, and 4 with HyperVerge One. Reduce processing time and eliminate manual data entry for a more streamlined, efficient experience.
Step 1
Pipe separated txt file is prepared by following CERSAI’s rules
Step 2
The prepared batch file is uploaded on the CKYC portal through SFTP
Step 3
The checker admin reviews the uploaded data and approves it
Step 4
Check for approval or error messages from CERSAI for the uploaded files
Step 5
Rectify the errors in the batch files u0026 re-upload it to the CKYC registry
Transform your business. Our solutions help businesses save time and resources, with an average processing time of less than 5 seconds.
Comprehensive Stack
Best-In-Class Dashboard
Automatic Updates
Intelligent AI Layer
Complete Orchestration
Real-Time Notification
Rated as a leader by customers and experts
Navi chooses HyperVerge KYC and achieves an automated KYC process at scale
20X
Navi’s business growth in 1.5 years
40X
Improvement in conversion
It is plug-and-play. Hyperverge APIs are easy to understand and these solutions are also very cost-effective. Whatever was being done for a few hundred rupees can be done reliably for just a few rupees without any inconvenience to the customer.”
HomeCredit uses HyperVerge OCR to reduce error rate to 5%
50%
Lower error rates
1/3 Lower
Application process time
Even at the dealer’s end and in today’s scenario where our dealer is processing the application, these two things- Uptime and reduction in error rates were the game-changers for us
Avail Finance leveraged HyperVerge Tech to remove manual KYC bottleneck
u003c1 sec
KYC TAT reduced from 2-3 hours to under 1 sec
Lower
Drop-offs and thus lower cost of customer acquistion
HyperVerge technology just works. So you don’t really have to be complaining about anything or think about anything new. As long as Hyperverge Tech is there, It just works fine. And if there is any issue, we have a bunch of folks who are always willing to help us out
