Blog
About
Vendor hubBuilt in India, from IIT MadrasTechBag Intel Hub

HyperVerge

The vendor that made enterprise-grade security work for the mid-market— identity verification, fraud prevention and credit underwriting on one platform, built for Indian regulation from the start. This hub is your complete intel file.

3 intel pages insideSole pass — DHS RIVTD Track 2RBI, SEBI & IRDAI aligned

Buy through TechBag

Same software. Better outcome — at a lower cost.

Right-fit discoveryBest price & discountsImplementation & rolloutRenewals & licence mgmtTier-1 support desk
Book a discovery call →

Free · 15 minutes

Trusted by 500+ enterprises across India

The company, at a glance

OriginIIT Madras · Bangalore, India
LeadershipKedar Kulkarni, co-founder & CEO
Scale500+ enterprises (vendor figure)
RecognitionDHS RIVTD Track 2 — sole pass of 16
India3 offices; no residency statement

Quick answer

HyperVerge runs identity verification, fraud prevention and credit underwriting on one platform, HyperVerge ONE. It came out of the Computer Vision Group at IIT Madras and is built for Indian regulation — RBI, SEBI and IRDAI aligned workflows, Aadhaar eSign, Account Aggregator and UIDAI checks. In the US DHS RIVTD Track 2 assessment of August 2024 it was the only one of 16 systems to meet every selfie-to-ID benchmark. Quote-only, and no India residency statement is published. Read more ↓ Show less ↑
The portfolio

Three intel pages. One onboarding journey.

The complete HyperVerge platform — every linked card is a full intel page, from the endpoint to the world-leading MDR service.

HyperVerge ONE, the platform

Platform & engine

HyperVerge ONE is the no-code journey builder, orchestration and analytics under the three lines; not sold separately, so it has no page

The sixteen names, three suites

Platform & engine

HyperVerge's site lists around sixteen checks, which its India page groups into three suites; ask which checks your quote covers

The thesis

Why “the vision lab” is the whole story

Most identity fraud is caught, or missed, in the image: a face, a document, a liveness check. HyperVerge started as a computer-vision lab at IIT Madras — face recognition, document intelligence and liveness — and its India-first build doubled down on it.

01
The origin advantage

Built for Indian regulation

RBI, SEBI and IRDAI aligned workflows, Aadhaar eSign, Account Aggregator, UIDAI and GST verification are native — a global vendor configures toward them.

02
How to read the evidence

Benchmarks, not quadrants

No Gartner MQ or Forrester Wave names HyperVerge; the DHS RIVTD Track 2 result and iBeta Level 2 liveness certification are measured outcomes instead.

03
The real cost line

The drop-off tax nobody quotes

Each extra check loses customers mid-journey. The ROI number is completion on a mid-range phone and a poor connection — ask for it by device tier.

04
Where the value compounds

One platform, three lines

Identity, fraud and underwriting on one journey, so an onboarding fraud signal informs the credit decision instead of each line re-collecting data.

Start with the line that is losing you money; all three run on the same onboarding journey.

The trophy wall

Peer & market recognition

Every claim on this hub traces to one of these public signals.

DHS S&T 2024

Sole pass, RIVTD Track 2

1 of 16 systems, selfie-to-ID match

NIST FRVT

Consistently top-rated

face recognition benchmarks

iBeta / ISO

30107-3 Level 2

presentation attack detection

Global Fintech Fest

Best-in-Class RegTech

2022 and 2024

Origin

IIT Madras

Computer Vision Group, 2009

India customers

Jio, WazirX, IndMoney

L&T Finance, MPL, KarmaLife

Analyst reports

None claimed

no Gartner MQ or Forrester Wave

Honest gap

No residency statement

India origin is not a storage commitment

By the numbers

The company in six figures

1 of 16 systems
the only one to meet ALL DHS RIVTD Track 2 benchmarks
— DHS S&T
3 suites
onboarding and KYC, fraud prevention, credit underwriting
— Vendor
2009
origin — the IIT Madras Computer Vision Group
— Vendor
3 India offices
Bangalore, Mumbai and Coimbatore
— Vendor
0 analyst placements
the technical benchmarks are the evidence instead
— TechBag
0 published prices
quote-only; per-verification pricing varies by check
— TechBag

See the platform, hear the pitch

HyperVerge (official)·Customer

Jio + HyperVerge Case Study

Onboarding at the scale of a national telco.

HyperVerge (official)·Benchmarks

Acing NIST — the Olympics of Face Recognition

How the face-recognition benchmarks work.

HyperVerge (official)·Webinar

60+ Days of Video KYC (with Microsoft)

What Video KYC looked like in practice.

The market maps

Where HyperVerge sits — the grids

Two company-level views you won’t find on any vendor site — tap any dot for the rationale. The category-level grid lives on the product page.

Grid 01 · The portfolio

HyperVerge Across Its Solution Areas

Each dot is a HyperVerge solution area: competitive position vs category momentum.

Emerging betsCrown jewelsSteady nicheAnchor strengths
Onboarding & KYCHyperVerge

The core line, built around Indian regulation.

Grid 02 · The industry

HyperVerge Across Its Suites

Depth within each suite vs how much it reuses the shared onboarding journey.

Focused specialistsDeep & broadPoint toolsBroad but shallow
HyperVergeHyperVerge

India-origin; DHS Track 2 sole pass.

Positions are TechBag’s illustrative synthesis of public review-platform standings and vendor documentation — not a reproduction of any analyst graphic. Verify before relying on it.

Track 01 · Beginner guides

New to this? Learn it properly.

Zero-jargon starting points, in reading order. Each links into the deep education on the product page.

Interactive · 30 seconds

Where should you start with HyperVerge?

Answer three questions; we’ll point you at the right starting product. No email required — this isn’t that kind of quiz.

1. What is forcing the decision?

2. Where does the pain sit today?

3. What is the regulatory context?

The acronym decoder

Every term on these pages, in one place
HyperVerge
India-origin identity verification firm from IIT Madras: KYC, fraud prevention and underwriting on one platform.
HyperVerge ONE
The platform layer — no-code journey builder, check orchestration and pass/fail analytics; not sold separately.
eKYC
Electronic Know Your Customer — digital identity checks; in India, typically Aadhaar, PAN and CKYC.
Video KYC
RBI-permitted verification done over a live video session with the customer, formally called V-CIP.
Liveness detection
Proving the face on camera is a live person, not a photo, mask, replay or deepfake; certified against ISO 30107-3.
DHS RIVTD
A US Department of Homeland Security assessment; its Track 2 tested selfie-to-ID-document matching.
Account Aggregator
India’s consent-based framework for sharing financial data, such as bank statements with a lender.
Presentation attack
Fooling a biometric check with an artefact — a printed photo, screen replay, mask or real-time deepfake.
Thin-file borrower
Someone with little or no credit bureau history — common in India, and why alternative underwriting exists.
Track 02 · Buying guides

Buy it like you’ve done this before

The procurement playbook TechBag runs with IT buyers — steps, licensing cheat-sheet, and the pitfalls that cost quarters.

01

Get your current completion rate

Measure it by device tier and connection, not as an average — the average hides the users you lose, and without a baseline nothing can be proven.

02

Name which checks you actually need

Sixteen capability names sit inside three suites. Compliance requires some; the rest are conversion or fraud choices. Each one you add costs completions.

03

Ask where the data is stored

No India residency statement is published. The IIT Madras origin and RBI-aligned workflows do not answer this question. Get it in writing before signature.

04

Test on real Indian devices

Pilot on a mid-range Android, a weak connection and poor light — the real deployment, where completion is won or lost.

05

Settle who edits the journey

Flows change as drop-off data arrives. Whether your team edits them without a vendor ticket is a real operational difference.

06

Get the quote — pricing is per verification

There is no list price, and per-verification cost usually varies by check type. TechBag scopes the check mix against your volumes and quotes in INR with GST.

The licensing cheat-sheet

ProductLicensing modelHow you enterBest for
Onboarding & KYCQuote-only — per verificationeKYC, Video KYC, face auth, KYBConvert more without failing compliance
Fraud PreventionQuote-only — per checkDeepfake, dedup, forgery, AMLStop what a document check misses
Credit UnderwritingQuote-only — scoped by volumeUnderwriting AI, Docs AI, Shopfront AILend to thin-file borrowers safely

Quote-only and usage-based: per verification for KYC, per check for fraud, scoped by volume for underwriting — TechBag models the mix for your size and quotes in INR with GST.

Five pitfalls that cost buyers quarters

1

Assuming India residency from an India origin

An IIT Madras origin, India offices and fluent RBI, SEBI and IRDAI workflows say nothing about where data is stored, and HyperVerge publishes no such statement. If residency is required, get it in writing.

2

Buying checks without measuring drop-off

Each added check raises compliance and loses customers. Baseline completion by device tier first, then measure per check — a smaller set that gets completed beats a funnel quietly losing a third.

3

Reading the sixteen product names as sixteen products

The sixteen names are capabilities within three suites, not separate products. The suite name won’t show which checks you pay for, and pricing varies by check type — get the list written in.

4

Expecting an analyst report that does not exist

No Gartner, Forrester or IDC report names HyperVerge, and a seller should say so. The DHS RIVTD Track 2 result and iBeta ISO 30107-3 Level 2 certification are measured outcomes instead.

5

Testing liveness once and considering it solved

Presentation attacks move fast — cheap face swaps, injection attacks that bypass the camera. A certification is point-in-time; ask about retraining cadence and injection handling.

Skip the homework entirely

Bring your requirements and current tool bills — a TechBag advisor models the whole decision for you.

Book a discovery call →
FAQ

Questions buyers ask about HyperVerge

HyperVerge is an identity verification company running KYC and onboarding, fraud prevention and credit underwriting on one platform, HyperVerge ONE. It began as the Computer Vision Group at IIT Madras, has India offices in Bangalore, Mumbai and Coimbatore, and states more than 500 enterprise customers. TechBag quotes it in INR with GST.

Ready to shortlist HyperVerge?

Open any of the four intel pages for the deep dive, or let a TechBag advisor build the case with you — check-mix scoping, the India data question, quotes, trials, GST invoicing and lifecycle support included.

Stats, positions and figures are illustrative syntheses of public materials; verify before purchase.