Complete view of customer risk identification, empowering you to make informed decisions and meet AML legal compliance requirements.
PROBLEM & SOLUTION
Avoid fines worth $8 billion by becoming compliant using AML screening.
Don’t be a victim of financial crime. Prioritize AML compliance today.
1000+ Checks, 100% Compliance.
Ensure transparency with PEP screening, covering ~100% profiles globally.
Cut through noise by analyzing 150M articles per month and 30k profiles updation daily.
Cut False Positives with custom DOB and country-based filtering.
Filter Non-Relevant profiles for Accurate AML screening.
24/7 real-time sanction screening process, PEP & adverse media updates every 7 mins.
Get complete risk profile including date of birth, location, and media Information.
Constant monitoring, reduced risk
Easy scheduling, AML screenings, risk assessments and automatic alerts. Simplify compliance and reduce risk.
Stitch KYC & AML
Simplify your compliance efforts with KYC and AML integrations.
Customizable filtering options
Streamline your operations and improve efficiency to achieve reduced false positives on STPs.
WHY HYPERVERGE
Expand your global reach with 195+ countries and compliance across 10+ industry verticals.
Save up to 50% on costs with scalable pricing options, unmatched by other solutions.
CSAT – 4.46/5 & NPS – 72% , Proactive & responsive assistance with 24/7 availability.
Easy, hassle-free integration with low-code workflow. Go live within 4 hours.
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.
What is Anti-Money Laundering (AML) and why is it important?
AML refers to a set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income. It’s crucial because money laundering activities facilitate various criminal acts, including terrorist financing and financial crimes.
How can AML software solutions benefit financial institutions?
AML software solutions offer a range of benefits to financial institutions, including the ability to detect and report money laundering activities, comply with regulatory requirements, manage risk through enhanced due diligence and ongoing monitoring, and streamline compliance processes with innovative technology such as machine learning and artificial intelligence.
What are the key features to look for in top AML software solutions?
Top AML software solutions should include features such as transaction monitoring, sanctions scanning, customer due diligence, risk assessment, and the ability to handle large volumes of data efficiently. Additionally, cutting-edge technology like machine learning enables these solutions to stay ahead of evolving threats and make informed decisions.
How does AML software help in compliance with regulatory requirements?
AML software helps financial institutions comply with regulatory requirements by automating compliance processes, performing risk assessments, conducting due diligence on customers, monitoring transactions for suspicious activity, and generating reports for regulatory oversight. This ensures that companies can evaluate and manage potential risks while staying in line with legal requirements of AML compliance.
How does AML software combat financial crime?
AML software leverages innovative technology such as machine learning and artificial intelligence to identify potential risks, detect suspicious activities, and flag potential matches more accurately and efficiently. By analyzing vast amounts of data and continuously learning from patterns, these solutions empower compliance teams to stay ahead of evolving threats and protect their organizations from fraud and illicit finance.
The latest news, updates and more about KYC industries & related market resources from our team.
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