Improve approval speed and reduce risk with consistent,
AI-powered industry classification
Lending institutions rely on accurate industry classification for risk and compliance, but manual methods are slow, inconsistent, and hard to scale. HyperVerge’s AI-driven engine transforms fragmented business data into reliable SIC/NAICS codes for faster, smarter decisions.
For small business lenders, accurate industry classification is essential for risk assessment, compliance
and portfolio management, but the process is often manual, time-consuming, prone to errors
and inefficient at scale
Our intelligent small business lending solution harnesses the power of generative AI to
automate and refine the process of industry classification
Abhishek Sharma
CDO, L&T Financials
Kiran Thomas
President, Jio Telecom
Rachel Nguyen
Director, CIMB Vietnam
Anirudha Basak
Senior Product Manager, Dhan
Why is industry classification important for small business lending?
Industry classification is important for small business lenders as it helps assess risk, comply with regulations, and manage portfolios more accurately.
What data does your AI use for industry classification?
We use business names, websites, bank transactions, addresses, and online directories for our industry classification.
Can your system handle businesses with limited online presence?
We use advanced matching techniques and alternative data points to arrive at SIC/ NAICS codes of the businesses with limited online presence.