Questions for Hyperwallet
Hyperwallet KYP Widget
Describe your company or product:
Hyperwallet’s global payout platform provides organizations with a fast, efficient, and transparent way to distribute funds to payees almost anywhere in the world. Hyperwallet provides a range of convenient payment methods, enhanced financial management tools, integrated payment tracking, and user-friendly compliance and identity verification—all through a single integration.
What makes your company or product great?
Hyperwallet's 'Know Your Payee' (KYP) widget enables companies to embed streamlined payee identity verification within their own website or application. With top-tier data security, inline validation, built-in styling, and dynamic updates, the widget simplifies compliance to global payment regulations.
What key challenge does it solve?
Hyperwallet's KYP widget is all about removing complexity from the payout process. The widget helps clients adhere to global payments regulations through an automated KYP process, embedding the collection and verification of payee identity documents without the need to know country-specific regulations. Personal information is tokenized and stored securely by Hyperwallet, ensuring that clients don't host sensitive data themselves.
Best Success Story:
A leading online vacation rental platform needed to collect and verify the identity of property owners within their ecosystem. Rather than build an in-house solution for identity verification, the client integrated Hyperwallet's widget and automated KYP functionality. This enabled the client to automatically screen owners and flag them for verification when necessary, ensuring that its platform remains secure for users while also reducing the administrative requirements of hosting a similar process in-house.
Brent Warrington, Chief Executive Officer
Peter Burridge, Global Chief Operating Officer
Mark Engels, Chief Revenue Officer
Christian Fadel, Chief Financial Officer
David Herron, Chief Legal Officer
Carlos Gil, Chief Technology Officer
Rodan + Fields