Simplifying Financial Data

Access:
Account Aggregator
Via HyperVerge
Our Journey
2023 & Beyond

2022

Scale
2017
Global Expansion
Growth End to end customer
2014 150+ team members
activation platform

Trusted AI partner across

8+ countries, 150+ clients
use cases in the BFSI
Segment
2010-14 Profitable Industry leader in identity
verification
2009 Large enterprises start
using HyperVerge AI
Engines for identity
verification

Incorporation
& Funding
Innovation
Founders come together
Research Our deep-learning to form HyperVerge
models surpasses human
Computer Vision Group of accuracy. Raised $1M from NEA,
IIT Madras is born. Focus
Milliways Ventures and
of this academic research First recognition engine Dallas Venture Capital
group was to develop with 99% precision
cutting edge computer
vision technology for
robots

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700M+
Identities verified over
the last 3 years

Proven at Scale and High performance AI models ensure

device diversity AI Modules minimal racial biases

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Trusted by 125+ clients in India

Banks Insurance Securities

Financial Services

Digital Lenders

E-Commerce Gaming
Telcos Crypto Fintechs

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Problems to solve:

Problem 1 - High Friction User Onboarding Journey

Sensitive information such as Net Banking Login credentials are requested for fetching bank statements, which causes a
high-friction, fragmented user onboarding experience leading to drop-o s.

Problem 2 - Increased Risk of Tampering and Fraud

Bank statements provided as scanned copies or PDFs are vulnerable to fraudulent tampering and modifications which are
done to manipulatively increase one’s financial profile, leading to increased need of tampering verifications and processing
costs.

Problem 3 - High Document Collection Time and Onboarding TAT

Manual fetch and upload of bank statements obtained from branch/net banking leads to higher TAT for
document collection, driving up TAT and drop-o rates. LTV of dropped-o customer is lost.

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Fetch Bank Statements via Account Aggregator

✦ Single-OTP data fetch for existing AA users

and Two-OTP journey for new users. Sensitive
information like netbanking details are not
Easy Customer Journey Reliable Data Directly From the required.
Source
✦ 51 Banks are registered as FIPs. 35% average
month-on-month growth in coverage over
the last 6 months.

✦ Reliable data fetched directly from FIPs

eliminates chances of fraud.

✦ Real-time data fetch and analysis to ensure

minimal TAT and processing costs.
Consent Based Access for Automate Statement Fetch &
Increased User Trust Analysis to Increase
Conversions

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AA Customer Journey:
Account Aggregator

User enters mobile User is taken to the User can link / de-link bank accounts against their registered phone
User Starts
number AA page number and approve / deny consent to fetch FI data

OTP to create account with AA for first time users

+
Account Discovery , Linking & De-linking
+
OTP based authentication by bank for confirming
account linking with AA
+
Review Consent Parameters and Details
+
Approve / Deny Consent

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Bank Statement
Fetch via
Account
Aggregators:
Demo
❖ Streamline Bank Statement Fetch
process to reduce Drop-o s

❖ Customise UI Screens to suit your

branding needs for optimal UX

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Bank Statement Data via Account Aggregator

Account Types for which Status Coverage

information is currently
supported on AA:

Savings Account: Signly Held Live 51 Banks & NBFCs

Savings Account: Jointly Held Not Live -

Current Account: Sole Proprietor Live 47 Banks & NBFCs

Current Account: Non-Sole Proprietor Not Live -

Fixed Deposits Live 10 Banks & NBFCs

Recurring Deposits Live 9 Banks

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Building for Trust
and Digital
Transparency

Get in Touch to know more !

Account Aggregator Framework

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 Industry Stats

13.81 M 15.59 M 76
Accounts linked by Account Consent Requests Successfully Financial Information Providers
Owners Live with AA
Fulfilled

50 15 2
Banks and RRB Live as FIPs Stock Broking Entities Live as Depositories Live as FIP’s
FIUs

(As of July 2023)

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 Leverage AA for Unparalleled Business Growth

Get Access to Real - Time Empower individuals with Comprehensive Data Access to
Financial Information via a greater control over their enable better Underwriting and
consent based mechanism Financial Information Risk Decisioning processes

Secure and Encrypted Reduce onboarding time and

environment for minimize drop-offs. Foster
confidential sharing of FI customer engagement and
loyalty from day one

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