4 min read
The IRDAI guidelines have necessitated more secure KYC checks for AML & CFT. Click here to read more!
2 min read
On May 29, 2019 the Reserve Bank of India updated the master direction on KYC guidelines for regulated entities.
5 min read
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!
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!
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!
Sanctions and PEP screening is an integral part of KYC process in all the organisations. To know more about pep screening & sanctions screening, click here!
8 min read
What is an FBO account? Here's a complete guide on For Benefit Of (FBO) account overview, top benefits, working, regulatory obligations & more. Click here to read now!
7 min read
Want to know how you can identify fake ID? Here's a detailed guide on fake ID verification, meaning, steps, types of fake & valid IDs, & more. Click here to read now!
Want to know the difference between CDD & EDD? Customer due diligence & enhanced due diligence are tiers of know your customer (KYC). Click here to know more about EDD vs CDD!
Want to know about the common insurance fraud detection techniques & tools used by organisations around the world to detect fraudulent activities. Click here to read more.
Identity Proofing is one of the methods used by businesses & government agencies to combat identity fraud. To know more about it's working and advantages, click here!
Customer Due Diligence (CDD) is an important part of risk management and business analysis. To know more about it's importance, significance & checklist, click here!
Wondering how to get & check your PAN card KYC verification? Click here to know about the offline & online methods for pan card kyc verification & the documents required.
Aadhaar is a govt. document with a 12-digit unique id number issued to every single resident of India. To know about the documents required for Aadhaar Card, click here!
IPV is the physical verification of the information provided in the KYC form done by the AMC or broker's employee to establish its authenticity. To know more, click now!
KYC procedures are important to assess risks & legal standards for AML compliance. To know more about end-to-end kyc process, its importance & advantgaes, click here!
Want to know about the SEBI KYC guidelines set for the kyc registration companies in India? Click here to find the rules & regulation & the list of SEBI registered KRAs
The V-CIP KYC is an essential process for verifying the identity of a customer. To get an overview & know more about it's benefits, procedure and rules, click here!
A company's ability to detect fraudulent financial behavior is know as "financial fraud detection." To know about the type of frauds & use of ML to detect it, click here!
Fraud is a serious problem that affects individuals, businesses, & the economy & the best way to overcome it is fraud awareness. To know more about it. click here!
As per the World Bank’s global dataset 2018, nearly one billion people exist without identification. This highlights a global challenge that inevitably excludes billions from accessing and exercising a range of fundamental rights and public welfare services, including education, healthcare, banking and other financial facilities.
A high risk customer KYC is as necessary as a low risk customer kyc. Want to know how does risk rating policy works? Click here to know about factors affecting risk rating
Re KYC means the periodic updation of customer identification documents in the records.To know more in detail about Re KYC, importance & process, read here now!
Know Your Customer (KYC) guidelines are vast & critical to assess. Click here for a detailed guide on KYC rules, importance & critical blockers faced during KYC.
Financial institutions have to comply with KYC regulations for onboarding their customers. To know more about the regulations followed while client onboarding, click here.
Merchant Onboarding is a process to facilitate the merchant based payments using a channel. To know more about merchant onboarding process meaning & practices, click here!
Anti money laundering in banking is one of the key factors that helps in reducing usage of black money & crimes worldwide. Read now for complete details on AML in banking!
AML Transaction Monitoring is the process of keeping a check on customer transactions & information. For complete information on AML monitoring options & set up, click now!
KYC compliance is a necessary practice to prevent frauds. To know more about the KYC compliance requirements, it's procedure & its significance, click here & read now!
Regulatory compliance ensures that your business meets the requirements and standards of a specific law or regulation. To know more about it's implementation, clcik here!
Identifying and validating client's personal information is known as Know Your Customer. To know about the KYC process flow (steps involved) & its importance, click here!
AML for insurance companies is necessary as they have huge monetary transactions. To know more about the risks, guidelines & how to comply with AML regulations, click here!
Compliance with laws & regulations set by the government signifies that a company abides by all applicable laws, regulations & requirements. To know more, click here!
Customer onboarding in banks is a process which involves many checks and documentation. To know more about the process & importance of customer onboarding, click here!
AML risk assessment is a process that analyses the risk of financial crime in any business. To know more about the importance & measure to reduce the risk, click here!
Digital onboarding in nanking is a way to provide a hassle-free sign up facility to their clients. To know more about its meaning, benefits & documentation, click here!
Looking for fraud prevention tips in banking? Click here for a complete guide on different types of frauds taking place in banks & # best ways to prevent them. Read now!
9 min read
What are the valid proof of address documents? Here's a complete guide on address proof meaning, address proof documents list & best verification practices. Read now!
Electronic signatures (eSignatures) are a legal & secure way to get remote work done faster & easier. Click here for full details on e-signature benefits & features!
AML compliance aims towards fighting against the financial crimes. To know more about the process & importance factors for business to be AML compliant, click here!
Identity proofing methods are for verifying the identity of online users, with the goal of reducing instances of online fraud. Click now & read to know more about it!
How to detect credit card fraud using technology? Here's a complete guide on credit card fraud types, detection tools & prevention tips. Click here to read now!
The purpose of the AML policy is to help detect & report suspicious activities. Click here to know more about anti money laundering policy meaning, process & template!
The full form of FINRA is Financial Industry Regulatory Authority. To know more about what is FINRA, objectives, regulations & how does it work, click here & read now!
Want to know how to fight against digital fraud? Identity verification is a useful option. Check this guide to learn about identity verification & how it prevents fraud!
Corporate KYC is the process of validating identity of business & their owners in regards with KYC compliance. Click to know more about KYC requirements for corporates!
Fraud management system is a necessity nowadays. Here's a detailed guide on fraud management benefits, purpose, plan stages & strategies. Click here to read now!
CDD in KYC means Customer Due Diligence in Know Your Customer process. To know more about the streamlining of this process, its benefits & its importance, click here.
Which documents are accepted as identitiy verification proof? Here's a list of important & crucial documents that you can use as proof of identity. Click now to read!
What are acceptable document proofs for bank account opening? Click here to know about the list of important documents required while opening a bank account. Read now!
Every business entity needs to comply with certain laws and regulations. Click here to know about the benefits & list of important corporate KYC documents for verification!
Transaction Monitoring is a necessary AML & fraud prevention process. To know more about the meaning, process & benefits of transaction monitoring, click here!
KYCC is one of the best solution to monitor a customer's customer. Want to know more about KYCC? Click here to know benefits, key elements & importance of KYCC!
Selfie Identity Verification is a type of biometric verification. Click here for detailed information on selfie identity verification & how it works in preventing ID frauds.
OFAC is a US department of treasury agency that implements commercial & economic sanctions to support US policy objectives. Click here to know about OFAC countries!
Real estate money Laundering is a common method used by criminals to clean their money. Click to know examples & best ways to prevent money laundering through real estate!
Regulatory compliance is a set of rules organizations must follow to protect sensitive information & human safety. Click here to read about regulatory audit's meaning & uses!
What are the latest video KYC guidelines published by RBI? Click to know how RBI's amendment of the video KYC norms has simplified the process of periodic updation of KYC.
In Romance Scams (2022), scammers pretend to be potential romantic partners to lure their victims. Click here to know more about sign of romance scams & how to detect one!
Digital Banking enables customers to access banking services via an online mode. Click here for detailed information on digital banking's meaning, advantages & types!
Digital Onboarding is an online process to onboard new customers. Here's a detailed guide on digital onboarding meaning, process, benefits & types. Click here to read now!
UN sanctions are imposed to maintain peacekeeping between nations. Click here to know about the UN sanction countries list, their regulations & benefits. Read now!
Want to know about AML Regulations? Click here to about the Anti Money Laundering regulations followed in India anf the global regulators of AML regulations
15 min read
Looking to understand cryptocurrency law & regulation in different countries? Here's a guide on how the regulation of cryptocurrency works across the world. Read now!
Want to know about digital lending & the technicalities in it? This article reduces complexity in digital lending & explains how Hyperverge can help digital lenders!
Want to know more about GST verification process? Here's a complete guide on GST verification importance, steps, & its importance & uses. Click here to read now!
Looking to know about E-KYC (Electric Know Your Customer)? Here's a complete guide on E-KYC full form, identity verification process & best practices. Click to read now!
Customer onboarding is one of the most important factors for a business's growth. To know more about its process, strategies & advantages, click here to read now!
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!
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.
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!
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!
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 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!
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!
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 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!
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.
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!
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!
With the rise in ease of creating fake identities & companies the risk of fraud has also increased. Click here to find out ways to check a company is registered or not!
Identity fraud refers to the crime when someone obtains other person's personal data wrongfully. To know more about why it occurs & how to prevent it, click here!
Data mining for fraud detection is a technique used to identify fraudulent business activities by analysing data. Click here to know about how it can help in fraud detection!
Face & age detection are the new era detection technologies. Click here for a detailed guide on benefits & working of face & age detection system. Read now!
Face spoofing means using a person's face & simulating the facial biometrics to steal their identity. To know about it's impact & anti-facial spoofing techniques, click here!
AI algorithms are employed for processing huge datasets much faster than people. To know more about role of AI In fraud detection & the methods used for it, click here!
Real-time face detection technology uses mathematical algorithms to identify people by their unique facial characteristics. Click here to know about its working & benefits.
Automated eKYC can reduce the risk of manual errors, and reduce costs associated with manual processes. To know more about it's importance & benefits, click here!
Remote user authentication is a process of verifying users remotely over an insecure communication channel. To know more about its working, pros and cons, click here!
Face spoofing refers to tricking a facial recognition system to gain unauthorized access to a particular system. To know more about how to detect & prevent it, click here!
Face recognition can now be done on search engines that can find the person from their facial photo. To know about the top 7 facial recognition search engines, click here!
Aadhar eKYC is a paperless know your customer (KYC) process. To know more about the advantages, importance, usage, & steps to share Aadhaar eKYC online, click here!
Passwordless authentication removes the need of passwords. To know more about the working, types & implementation of passwordless authentication, click here & read now!
Digital KYC is the process of online verification of the authenticity of customer. To know more about the importance & types of digital KYC verification, click here!
Document digitization is the process of transforming paper documents into a digital format. Click here for important tips & mistakes to avoid during document digitization.
Passwordless login allows user to login to an account without entering password. Click here for a detailed guide on passwordless login types, advantages & challenges.
Synthetic identity theft is a fraud where the fraudster create a new identity by combining fake & real information. To know more about synthetic identity fraud, click here!
Digital identity verification is a process that validates a person's identity online by using technology. To know more about online identity verification, click here!
Document verification means verifying the authenticity of a document. To know more about the types, importance and process of document verification, click here!
Facial recognition security systems is a technology that uses face to identify people uniquely to protect data from hackers. Click here to know about its working & benefits.
A masked face recognition system detects the occluded part of the face and identifies the person. Click here to read in detail about its working, benefits & uses.
What is the meaning of MRZ code in passport? Machine readable zone line contains personal data of the document owner. Click here for full info on machine readable zone!
Face Detection technology helps in identifying a person by their face or facial expressions. To know more about how does face detection system work, click here!
Anti Money Laundering (AML) Checks are important to keep a check on money laundering activities in a business. To know more about AML checks in detail, click here!
Address Verification Service (AVS) is widely used as a fraud prevention practice by credit cards companies. To know more about its working & advantages, click here!
What does KBA stand for? Here's detailed information on knowledge based authentication (KBA) meaning, benefits, working & disadvantages. Click here to read now!
Want to know the different types of verification methods? Click here for a detailed guide on different identity verification types, solutions and their uses. Read now!
KYC checks (know your customer checks) take place at onboarding to help identify & verify your customer. Click here to know about the role of KYC checks in different sectors!
Looking for identity verification tips? Click here for a complete guide on crucial identity verification tips to be kept in mind before starting any identity verification process!
Identity fraud means briefly stealing a person's ID & using it to commit crime. Click here for a detailed guide on identity fraud types & learn best ways to beat ID theft!
Role based authentication is a method of restricting network access based on the roles of individual users within an enterprise. Click here to know more about RBAC!
Want to know what is biometric verification? It is any means by which a person is uniquely identified. Click here to know the biometric verification meaning, types & more!
What's the difference between authentication & authorization?. They sound similar but are separate processes used to protect an organization from cyber-attacks. Read now!
How does facial recognition work? Face detection is necessary for security purposes. Click here for a detailed guide on face recognition meaning, advantages & disadvantages!
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!
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!
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!
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 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!
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!
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!
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!
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!
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.
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 the challenges of online identity verification? Check out this guide on online identity verification trends, challenges & best ways to resolve them. Read now!
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!
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!
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.
In remote access driven future. Liveness matters.
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.
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.
Money 20/20 is back and bigger than ever! If you're looking for all happy hours & after parties to hit after the event, we have you covered!
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.
If you were to stand and ask, “Will the real WFH warrior please stand up?” Nivedita would.
It's been 2 weeks of work-from-home (wfh) for Hypers. And we're missing office culture. Maybe you are too?
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.
"While we don't have a model for the post-Corona world, at least we have a path to the answer for that"
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.
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.
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.