2 min read
On May 29, 2019 the Reserve Bank of India updated the master direction on KYC guidelines for regulated entities.
8 min read
Want to know about the money laundering stages? Here's a detailed guide on the three stages of money laundering process, examples & best ways to protect your business!
7 min read
Want to know the different types of authentication methods? Find out here complete information on best authentication methods available and their uses. Click here to read!
5 min read
What does data duplication mean? Here's a detailed guide on data duplication meaning, working, types, key concepts & important duplications use cases. Click to read now!
6 min read
How does scam & fraud detection work? Fraud & spam are two things that have major involvements in the financial world. To know more about fraud detection, click here!
4 min read
Want to learn about KYC Forms? Click here to know about what is kyc form, its importance, types of kyc form, documents required, who should apply & how to fill a kyc form.
FATF Travel Rule is an AML compliance obligation rule. To know more about how to comply, its obstacle & why VASPs should comply the travel rule, click here.
Near-field communication (NFC) is a method of wireless data transfer in close proximity. To know more about use of NFC in identity verification, working & uses. Read now!
Want to know about document verification? Click here to learn about document verification meaning, importance, process & learn how digital document verification works!
Money mule & money mule accounts are related to fraudulent activities. To know more about money mules types, consequences, and best ways to stop them, read now!
Want to know about GDPR & how to be GDPR compliant? Click here to read about who does GDPR apply to, who it affects & know the 10-step checklist to be GDPR compliant!
Want to know about the reverification process & how does it work?. Click here to know about reverification benefits, challenges & its importance in ID verification!
What is enhanced due diligence in banking? EDD helps to alert organisations about possible threats. Click here to get full information on EDD in banking!
Want to know about AML compliance policy? This article explains factors, regulations & vital components of an effective anti money laundering compliance program. Read now!
How does digital KYC helps in AML and CFT? Here's a full guide on benefits & importance of digital KYC in preventing money laundering & terrorism financing. Read now!
Wondering how the rise of KYC has impacted eCommerce? Click here to know the different aspects to KYC, risks associated & find out how it's impact on eCommerce affects you!
Want to know how accurate is face recognition in today's time? Read this guide to learn about face recognition process, its accuracy & why you should choose HyperVerge!
How can online KYC help in fraud & spam prevention? Here's a guide on online KYC verification process, frauds faced by businesses & how KYC helps to prevent fraud & spam.
Want to know how AI has revolutionized AML & KYC? Organizations can save a lot of time & money by using AI to perform KYC & AML compliance. Click here for full info!
Want to learn about KYC in banking? KYC involves ID card, document, face & biometric verification. Click here to understand KYC process in banks, KYC requirements & more!
Want to know what is the significance of BNPL in India? Check out this guide to know the steps to do KYC online for buy now pay later & find out its importance!
Why is identity verification important in gig economy? Click here for a guide on fraud challenges faced by gig industry & how identity verification can help resolve them.
Want to know the meaning of KYC? Click here to know the AML & KYC benefits, their impact on e-commerce & crypto, compliance process, usage of AI & video-based KYC.
Want to know how AI help in bank frauds prevention & detection? This article explains the role of AI & ML in fraud detection in banking & finance sectors. Read now!
Wondering how money laundering via cryptocurrency is possible? Here's a complete guide on crypto money laundering risks & best methods to prevent it. Click here to read!
Did you know digitising KYC can help provide a smooth customer onboarding experience? Read this article to know about digital KYC & how it helps both businesses & customers.
Want to know how AI is used in bank fraud detection? Here's an article on ghost loan fraud & best ways to prevent bank fraud through advanced AI technology. Read now!
Wondering how to optimize facial recognition racial bias? Read this guide to learn about HyperVerge's face recognition technology & how it can help to overcome racial bias!
Interested in knowing the various eKYC models followed around the world? Check this guide to learn about the different eKYC models followed in India & other countries!
How is video KYC useful in banks? Here's a complete guide on video KYC, its major benefits for all financial institutions, and the steps to do online video KYC. Read now!
Want an effective OCR solution for your business? Check this article for full information about HyperVerge's AI-powered OCR technology along with its features & benefits.
Want to know about the hidden cost of low-accuracy AI? Check this article for full information on low accuracy of AI & how HyperVerge can help to overcome this problem!
Looking for the best OCR engine for your business? HyperVerge is here for you. Read this guide to know about our on demand OCR engine & how it has supported businesses!
Wondering what is customer due diligence? Here's a complete guide on customer due diligence meaning, types & important steps involved in CDD in KYC. Click to read now!
Want to know how blockchain can improve KYC data management? Click here to learn about blockchain in KYC & why financial institutions must consider it in today's time.
Want to learn about the concepts of KYC & AML? These are crucial to curb money laundering & terror funding. Find out differences between AML & KYC in this article!
What KYC documents are required for verification? Click here for a full list of valid KYC documents required to be presented as proofs of address & identification!
How to select the right identity verification solution? Here's a guide on ways to choose best identity verification solution & a full checklist for analysing the solution!
Want to know about AML compliance in the gambling industry? Check out this guide on gambling money laundering challenges & need of KYC in gambling industry. Read now!
What is KYC in cryptocurrency? Crypto exchanges are subjected to KYC regulations. Go through this article to learn about KYC in Crypto benefits, requirement & automation!
What are the ways to combat money laundering? AML & KYC are good options. Go through this detailed guide to understand how to use AML & KYC to prevent money laundering.
Want to know the challenges of online identity verification? Check out this guide on online identity verification trends, challenges & best ways to resolve them. Read now!
Manual KYC takes a lot of time & effort. Here's a guide on effective ways in which the customer experience can be enhanced during the KYC process. Click here to read!
Want to know what is synthetic identity theft? Check out this article to know synthetic identity theft meaning & how it differs from traditional identity fraud. Read now!
Interested in knowing about the new fintech department created by RBI? Check this article to get full information on RBI's fintech department & know why it was created!
Want to know how to do KYC in Groww app? KYC is necessary before using this app for stocks or mutual funds. Here's a step-by-step guide to complete online KYC on Groww!
Want to know what happened with Starling bank & why did they drop advertising on Meta? Check this guide to learn about the frauds on Meta that led to these circumstances!
What does CKYC mean? Here's a detailed guide on CKYC full form, features, benefits & find out how to use HyperVerge's CKYC to simplify verification. Click here to read!
3 min read
With COVID-19 disrupting the regular way of doing business, it is imperative that one remains safe and yet have the necessary tools to do the work remotely. This bill makes provision for use of such tools and methods.
Although the task of recognizing a face accurately is challenging, advancements in machine learning algorithms, processors and processing speeds, and cameras have made it less challenging in most aspects.
Reducing bias would require regularizing an algorithm with an additional parameter that ensures equitable treatment of different classes. Regularizing not only aims to just fit historical data, but also to score well on some measure of fairness.
While acknowledging and mitigating hidden biases in the data is critical, algorithms also need to be designed to reduce such risks. HyperVerge’s Research team continuously develops and utilizes research that improves algorithmic accuracy and simultaneously reduces bias.
In the fight against the second wave, the RBI Governor proposed a holistic strategy to alleviate the constraints that financial institutions and their customers face, in his latest statement on the 5th of May, 2021.
Are you tired of getting bad data because someone misspells a name? We are too! Our Name Match API leverages accurate explainable AI to accurately verify the names of people and organizations against vast databases to ensure your data is correct.
Face recognition is being increasingly adopted by the industry as a safe, secure, hassle-free method of onboarding, authenticating, and verifying customers. Customers gain access to services by authenticating their faces. Modern face recognition can classify whether two faces belong to the same person with very high accuracy.
Our team at HyperVerge, Inc ranked 4th at the DocVQA challenge hosted at CVPR 2020’s Workshop on Text and Documents in the Deep Learning Era.
AI driven feature extraction and change detection can automate analytics on aerial imagery. By comparing images from two different time periods, land parcels where there are changes, can be flagged.
Decades of experience bring with it wisdom that's hard to find elsewhere. A recurring theme in all our interactions with Anindya is how the various marquee companies he has worked with have recruited him for new and bold initiatives. This reflects in how Anindya has approached his careers so far, a constant upward curve of learning and adaptation.
Throughout our conversation with Anuj, it was apparent Swiggy had an amazing knack of predicting trends. For example, alcohol delivery was on their product roadmap 3 years before the conditions for it materialised. So was Swiggy Money, a year before it went live, the concept was purported to solve for an easy payment experience. Anuj repeated a couple of times that Swiggy's success is due to its customer obsession.
A common theme during the conversation between Kedar and Bala was about the role that people play in organisations. Bala reiterated the importance of having a team that comes together rather than falls apart during tough times and how that helped him get to where he is.
At HyperVerge, we ran a 3-month long project to ensure our team was as effective in the WFH world as earlier. As this project comes to a close, we share what we learnt.
"While we don't have a model for the post-Corona world, at least we have a path to the answer for that"
In remote access driven future. Liveness matters.
Akshay Mehrotra, Co-founder and CEO EarlySalary, sheds light on the future of fintech in India, from demand to collections. As a bonus, he shares a few interesting observations including one about the speed of typing one’s address.
If you were to stand and ask, “Will the real WFH warrior please stand up?” Nivedita would.
Co-founder of ZestMoney, Priya Sharma takes us through the good, the bad, and the new of lending in a post COVID-19 world with some sharp insights and creative Nike symbol analogies.
It's been 2 weeks of work-from-home (wfh) for Hypers. And we're missing office culture. Maybe you are too?
1 min read
Video KYC has come as an unexpected silver lining in unprecedented times. We explore how this can help institutions become more personalised in their approach to consumers even as they move further and further away.
9 min read
What does Video KYC mean for banks, NBFCs, and others in finance. What to look for in a Video KYC solution and where KYC will go from here.
I was walking into boardrooms of large companies and explaining the rationale of our APIs by day and going back to our developers to clear technical doubts by the evening.
The most important aspect of achieving a goal is having clarity. Finding an answer to ‘Why are we doing this?’ can be a long, confusing and frustrating process.
12 min read
We had prepared tirelessly for this trip, reaching out to people, setting up meetings, creating a financial model for different scenarios, business cards, demo video, presentation and a lot of other things.
Startup fundraising is a heavily discussed topic in the startup ecosystem. While you’ve probably read many articles about startups successfully raising multiple rounds of funding, it is not often you get to hear the stories behind them. This is ours.