DigiTech Forum 2024

Unravelling Untapped Potential and Guiding Companies through Digital Innovation, Growth & Resilience 

The influence of IT Leaders today is beyond implementing technology, they have a crucial role in being strategic, and adaptive to business growth, and therefore 61% of CIOs expect to be the primary leader of corporate innovation in 2025.

HyperVerge has made a significant impact across various industries, driving measurable improvements in customer onboarding, operational efficiency, and regulatory compliance through its advanced technology solutions.

  1. Oona Insurance: A leading provider of general insurance in Southeast Asia, Oona integrated HyperVerge’s onboarding suite to streamline processes. This reduced application processing time to under 5 minutes, onboarding time to less than a day, and lowered application completion time by 70%. The company also saw a 90% decrease in data errors and a 40% activation rate, greatly improving customer experience.

  2. PDAX: As the Philippines' leading cryptocurrency trading platform, PDAX partnered with HyperVerge for efficient customer onboarding. With ID validation times reduced to 3.59 seconds, liveness checks at 1.13 seconds, and face matching at 0.97 seconds, PDAX significantly improved the speed and security of its onboarding process.

  3. L&T Finance: One of India’s largest financial companies, L&T Finance used HyperVerge’s solutions to revolutionize loan processing. The platform helped achieve industry-leading turnaround times, including 30-second two-wheeler loan processing, 45-second microloans, and 5-minute consumer loans, setting new standards in efficiency.

  4. Angel One: A leading financial services provider in India, Angel One scaled its operations to Tier 2 and 3 cities with HyperVerge, improving turnaround times and maintaining compliance with SEBI regulations. This led to increased operational efficiency and expanded market reach.

  5. Acko: A digital-first insurance company, Acko leveraged HyperVerge to launch fully digital and compliant KYC processes. With a KYC completion rate of 94%, conversion rate of 91%, and onboarding times as low as 40 seconds, Acko improved customer satisfaction while maintaining regulatory standards.

Praveen co-founded HyperVerge in 2014 and is the head of our ASEAN business. He has built the business and teams in ASEAN from scratch. He has grown the revenue from the region to $3M+ ARR. He actively contributes to product,  design and go-to-market strategies. He has forged great relationships with mentors, stakeholders of clients to guide us through various aspects of business/product and has anchored our largest customer's business to pave the way for new products. 

VIEW AGENDA

November 4 - 5, 2024

Singapore

Praveen Kumar,                                                                              Co-founder & ASEAN Head, HyperVerge

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HyperVerge distinguishes itself with AI models that lead the market in real-time image and video analysis, boasting an accuracy rate of 99.55%. Our solutions are expertly optimized for low-bandwidth environments, ensuring robust performance globally. The HyperVerge ONE platform further enhances our offering by providing an end-to-end solution with no-code workflow capabilities. This user-friendly, drag-and-drop tool allows businesses to swiftly create, modify, and launch onboarding workflows and APIs, streamlining implementation, integration, and experimentation.

Challenges:

  • Delayed User Journey Launches: Limited IT resources slow down the design and implementation of new onboarding workflows, impacting time-to-market.

  • Managing Multiple Vendors: The complexity of handling various vendor relationships adds to the workload, diverting focus from optimizing business metrics.

  • Customer Drop-offs: Identifying and addressing friction points in the onboarding process is complex and time-consuming.

  • Inability to Experiment: Restricted IT resources hinder the ability to quickly test and refine workflows for different demographics.

How HyperVerge Mitigates These Challenges:

  • Accelerated User Journey Launches: HyperVerge ONE’s no-code, drag-and-drop interface enables rapid creation and deployment of onboarding workflows, reducing time-to-market.

  • Simplifies Vendor Management: By offering a comprehensive suite of services on a single platform, HyperVerge reduces the need for multiple vendor integrations, streamlining vendor management.

  • Reduces Customer Drop-offs: The platform’s intuitive tools help quickly identify and resolve friction points, improving the onboarding experience and reducing drop-offs.

Enhances Experimentation Capabilities: HyperVerge ONE supports agile workflow experimentation, allowing businesses to rapidly test and optimize strategies for different customer segments.

Stay ahead the curve!

HyperVerge is a leading B2B SaaS provider specializing in AI-powered customer onboarding solutions, including KYC, AML, eSign, and Deepfake Detection, for industries such as fintech, insurance, and e-commerce. Operating across 195+ countries, HyperVerge has processed over 1 billion KYCs, making it the top player in APAC.

Hyperverge Success Stories

HyperVerge - Specializing in AI-driven Customer Onboarding Solutions

HyperVerge is a leading B2B SaaS company specializing in AI-driven end-to-end customer onboarding solutions encompassing KYC, Bank Statement Analysis, AML, eSign, Deepfake Detection, and more for industries such as Fintech, Insurance, Lending, Gaming, Logistics, Financial Services, Banks, NBFCs, Remittances, Securities & Brokerages, E-commerce, EdTech across 195+ countries. As the #1 player in the APAC market by volume and product maturity, HyperVerge has processed over 1 billion KYCs till date. Our cutting-edge AI technology is trained on a vast array of facial variations and ID formats, ensuring high accuracy and robustness in diverse conditions.

  1. Industry-Leading Accuracy and Efficiency: HyperVerge’s technology delivers 99.55% accuracy in identity verification and works effectively even under 2G bandwidth conditions. Our solutions have verified over 1 billion customers across 195+ countries, and our inclusive algorithms are race, age, and gender agnostic, compatible with over 100,000 devices.


  1. Seamless Onboarding Solutions: HyperVerge ONE allows no-code integration of onboarding modules, enabling quick launch and adaptation to regulatory changes and new fraud threats. We ensure 99.9% uptime and provide fallback APIs, with dynamic, configurable UI/UX for an optimal user experience.


  1. Commitment to Innovation and Compliance: HyperVerge is compliant and secure, holding certifications for NIST, AICPA SOC2, GDPR, ISO 27018, and more. We also rank top globally in face recognition technology and meet all benchmarks in the DHS S&T Remote Identity Validation Technology Demonstration (RIVTD) Track 2.

What sets your solutions apart from others in the market and challenges faced by digital transformation leaders today? 

Upcoming developments by Hyperverge  

3 Key Takeaways by Hyperverge in DigiTech Forum 2024

  1. At HyperVerge, we’re excited about several upcoming developments that will enhance our solutions and services for the ASEAN market:

    • eSign: As more and more companies shift towards paperless operation, our E-signature solution looks to bring a more user-friendly, scalable, efficient yet still fully compliant operation to both end users and companies. 

    • KYB: Our end-to-end business verification services allow you to instantly verify businesses and reduce the risk of exposing your company to financial risks.

    • Income Validation: Automatically extract and verify users' income details in seconds. Our platform includes features for easy bank statement fetching, insightful analysis of bank statements, and precise data extraction and verification from various documents like salary slips and tax forms.

  2. HyperVerge is thrilled to announce a groundbreaking achievement in identity verification technology. We are the only system to meet all benchmarks set by the U.S. Department of Homeland Security Science and Technology Directorate's (DHS S&T) Remote Identity Validation Technology Demonstration (RIVTD) Track 2 assessment.

    This rigorous evaluation, which included 16 leading systems, tested the accuracy of verifying document owners' identities via "selfie" images and detecting imposters. HyperVerge excelled with an error rate of less than 1%, showcasing our exceptional innovation and setting us apart in the global identity verification landscape.