Signzy

What is Signzy?

Signzy is an AI-powered fintech infrastructure company founded in 2015 in Bengaluru. They provide digital onboarding and identity verification solutions used by 600+ financial institutions in India — including HDFC Bank, ICICI Bank, Yes Bank, IndusInd, Axis, and large NBFCs. That institutional trust is Signzy's biggest differentiator in a crowded KYC market.

Their platform covers the full digital onboarding stack: document OCR, face match, liveness detection, Aadhaar e-KYC, PAN verification, video KYC (both agent-assisted and AI-automated), digital account opening, and background checks. What makes Signzy different from HyperVerge is that their product is designed as a complete workflow platform, not just API modules — you can configure and deploy an entire KYC journey through their no-code builder without writing custom flow logic.

For product teams at fintech startups building on bank partnerships (co-lending, BaaS, embedded finance), Signzy's existing bank relationships often mean your KYC vendor is pre-approved by your banking partner — significantly reducing the compliance review timeline.

Key Features

Signzy vs HyperVerge — Quick Comparison

Best For

• Fintechs with banking partnerships where KYC vendor pre-approval matters
• Products needing Business KYB alongside individual KYC (B2B lending, embedded finance)
• NBFCs and banks that want a managed VKYC platform with agent tooling
• Teams that prefer configuring KYC flows via dashboard rather than custom API integration
• Products requiring background verification beyond standard document KYC

Pricing

Signzy charges per verification. No public pricing — negotiated based on product mix, volume, and contract length. INR billing.

💡 Signzy vs HyperVerge on price: Both are similar on per-check rates at equivalent volumes. The real cost difference is integration effort — Signzy's no-code builder can save 3–6 weeks of engineering time for teams that need a full KYC journey, which often outweighs a ₹2–3/check price difference.

Pros and Cons

Alternatives to Signzy

Getting Started with Signzy

1. Leverage their bank relationships early — If you're in a co-lending or bank partnership model, ask your banking partner if Signzy is already on their approved vendor list. If yes, this removes 4–8 weeks of compliance review that other vendors would require. It's Signzy's single biggest practical advantage.
2. Use the no-code builder for your first journey — Don't start by writing API integration code. Use Signzy's workflow builder to configure your full KYC flow: document type → OCR → face match → Aadhaar OTP → decision. This gives you a working demo for stakeholders and catches flow design issues before engineering work begins.
3. Separate KYC and KYB flows from day one — If you have both individual and business customers, set up separate workflows for each. Business KYB (GST + MCA + director verification) has completely different data requirements and failure modes than individual KYC. Mixing them in one flow causes support headaches.
4. Set up VKYC agent training in parallel with integration — VKYC quality depends heavily on agent training, not just the platform. Build a 30-minute training guide for your VKYC agents covering: RBI-mandated questions, document verification steps, handling customer objections, and flagging fraud signals. A well-trained agent on an average platform outperforms an untrained agent on a great platform.
5. Monitor auto-reject rates weekly — Track your KYC auto-approval rate, auto-reject rate, and manual review rate separately. If auto-rejects exceed 15% of attempts, investigate the top rejection reasons in Signzy's dashboard — it's usually a specific document type or phone camera model causing OCR failures that can be fixed with UX guidance to users.