HyperVerge, one of the world’s largest identity verification firms based in Silicon Valley, expanded its global operations to the Philippines, the new growth center in the Southeast Asian region.
“The Philippines is fast becoming the new growth center in Southeast Asia and we want to be part of that story while also helping accelerate it much faster,” said HyperVerge chief executive Kedar Kulkarni.
“We see a huge opportunity to use our technology in a meaningful way, especially in supporting the government’s initiatives for financial inclusion,” he said.
HyperVerge empowers enterprises with artificial intelligence solutions that enable them to improve and automate their processes, provide better customer experience and digitally adapt at a quicker pace.
More than 70 percent of the country remains unbanked and more and more Filipinos rely on financial technology services for their daily needs. With local lockdowns enforced and contactless transactions preferred, the smartphone has become the new essential to be able to live life in the “new normal.”