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HyperVerge has proven to be an efficient solution for instant customer onboarding while complying with regulations and preventing fraud. …
Overview
What is HyperVerge?
HyperVerge provides identity verification and fraud detection solutions for companies that are in industries like BFSI, crypto, telecom, e-commerce etc. Headquartered in Bengaluru, HyperVerge states they have verified more than 500 million identities to date.
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What is HyperVerge?
HyperVerge provides identity verification and fraud detection solutions for companies that are in industries like BFSI, crypto, telecom, e-commerce etc. Headquartered in Bengaluru, HyperVerge states they have verified more than 500 million identities to date.
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Product Details
- About
- Tech Details
What is HyperVerge?
HyperVerge provides identity verification and fraud detection solutions for companies that are in industries like BFSI, crypto, telecom, e-commerce etc. Their suite includes 3 products:
- ID Verification - Ensure customers are who they claim to be instantly. The identity verification platform can be used across 195+ countries.
- Video Verification - Onboard users remotely with very high confidence over video with or without assistance from an agent, and stay compliant.
- Biometric (Face) Authentication - Authenticate repeat users & transactions instantly. This helps to deliver a better customer experience while preventing frauds.
HyperVerge Videos
Jio + HyperVerge Case Study
60+ days of Video KYC Webinar | HyperVerge | Microsoft | 27 March 2020
HyperVerge Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
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- Business Problems Solved
HyperVerge has proven to be an efficient solution for instant customer onboarding while complying with regulations and preventing fraud. Customers have experienced a significant reduction in drop-offs and manual reviews after implementing HyperVerge, contributing to better NPA numbers. The product's high accuracy and comprehensive solution has increased conversion rates by 43% and prevented frauds at the onboarding stage itself.
The solution has helped users detect fraud upfront, saving time and improving the customer onboarding funnel. Automated processes with KYC document verification and OCR services have been possible through HyperVerge, eliminating the need for manual quality checks. With identity verification solution, users can identify and eliminate frauds at the top of the funnel, allowing them to scale up fast. Additionally, the product helps users digitize physical documents, maximizing time spent tuning customer products and decisions. HyperVerge's OCR feature also enables users to verify OVD documents online and offline, catering to almost all the requirements of digital NBFCs. Overall, HyperVerge has become essential in offering credit lines to customers within minutes while preventing fraudsters from entering the platform.