Perfios has built a strong reputation in India’s financial infrastructure space, particularly through its Karza acquisition, which added identity verification, document checks, and business data APIs to its existing financial data aggregation stack. For banks and NBFCs focused on lending workflows, it remains a well-regarded platform.

But businesses are looking beyond it.

Teams at fintechs, neobanks, marketplaces, and regulated platforms need more than what a lending-focused verification stack delivers. They need modular identity APIs that fit into their existing product architecture, better controls over CKYC automation, and onboarding infrastructure that holds up at high volumes. Many are also re-evaluating their KYC stack in light of the Digital Personal Data Protection (DPDP) Act and the RBI’s updated 2025 guidelines for payment aggregators and digital lenders.

This guide covers the top 10 Perfios alternatives in India for 2026: what each platform is built for, where it wins, and where it doesn’t. All entries are based on publicly available, verified information.

A Quick Glance

#	Platform	Best For	Core Strength
1	Decentro	Fintechs, neobanks, B2B platforms, digital lenders	Modular KYC + Banking APIs in one platform
2	HyperVerge	Banks, NBFCs, high-scale fintechs	AI-led onboarding, passive liveness, deepfake detection
3	Signzy	Banks, regulated fintechs	Video KYC, AML, 240+ APIs
4	IDfy	Regulated enterprises, HR tech, gig economy	BGV, AML, legal history, identity verification
5	Surepass	All-in-one verification, cooperative banks, NBFCs	400+ APIs covering identity, business, and financial checks
6	AuthBridge	Compliance-heavy enterprises, BGV	Background verification, AML, DPDP compliance
7	Bureau	Fraud-sensitive consumer platforms	Phone intelligence, risk scoring, fraud decisioning
8	Digio	Banks, NBFCs, insurers	eSign, Video KYC, eNACH and KYC in one workflow
9	Digitap	Digital lenders, NBFCs	Bank statement analysis, income verification
10	Jukshio	Fintechs in low-bandwidth environments	Low-bandwidth KYC, PII-free verification, KYB

Why Teams Look Beyond Perfios for KYC and Onboarding

Perfios Karza is a well-established platform, particularly for lenders that need identity verification alongside financial data analysis. Several patterns push teams toward alternatives:

Workflow rigidity

Karza’s verification flows work well for established lending processes. Teams that need to build, iterate, or customise their onboarding journeys often find the platform less adaptable than API-first options.

Pricing model

Enterprise-style, customised pricing makes it harder for early-stage and mid-market teams to forecast verification costs.

Biometric depth

Platforms with advanced passive liveness, deepfake detection, and face de-duplication are better equipped for the fraud patterns India’s fintechs face in 2026.

Breadth beyond KYC

Businesses want one platform that handles identity verification, bank account verification, CKYC, eSign, and payments, without managing multiple vendor relationships.

DPDP Act readiness.

With India’s data protection framework tightening, teams are scrutinizing their vendor stack for data minimisation, consent management, and audit trail support.

Decentro

Category: API Banking + KYC and Onboarding Infrastructure | Best for Fintechs, Neobanks, B2B Platforms

HQ: Bengaluru, India | Founded: 2019 

Decentro is India’s full-stack API banking and fintech infrastructure platform. Its KYC and Onboarding module sets it apart from pure-play identity tools: Decentro combines identity verification, document checks, and CKYC directly with payment APIs — UPI, eNACH, and payouts — in a single platform integration.

Most KYC platforms stop at identity. Decentro goes further: once a customer clears identity verification, the same platform can verify their bank account, initiate a UPI mandate, run CKYC search and upload, and onboard them onto your product. For fintechs, neobanks, and lending platforms that otherwise manage three or four vendor integrations to achieve this, Decentro’s modular architecture removes that overhead directly.

Its UIStreams product handles the frontend — pre-built, embeddable UI components for DigiLocker, Aadhaar, PAN, and Video KYC flows — while Hyperstreams handles backend API orchestration across multiple government sources. Teams get developer-ready APIs and full sandbox access from day one, with no paperwork or branch visits required.

Top Features

• DigiLocker Integration: DigiLocker API suite and SSO DigiLocker for user authentication and document retrieval (Aadhaar, PAN, Driving Licence, and more)
• PAN Verification: PAN validation, PAN-Aadhaar link status, and income tax department checks
• CKYC Search and Upload: Automated CKYC registry search, download, and upload APIs for both individual customers and legal entities; supports aggregator and native integration modes
• Workflows (Hyperstreams + UIStreams): A customizable, extensible workflow engine that orchestrates multi-step data acquisition across internal databases, external APIs, and government repositories like DigiLocker; UIStreams dynamically generate shape-shifting user interfaces tailored to each workflow
• Consumer ID Verification: Voter ID, Driving Licence, Passport, and GSTIN verification against government databases
• Professional and KYB Verification: GST, ICSI, NMC verification APIs, including PAN-to-GSTIN conversion
• Bank Account Verification: Penny Drop, Pennyless verification, and reverse penny drop
• Sandbox from Day One: Full API documentation with staging environment, no paperwork to start

Key Value Propositions

• The only platform combining KYC and Payments APIs under one integration — identity verification, bank account verification, UPI, eNACH, payouts, and more together
• Modular design: integrate and pay only for what your product needs
• UIStreams removes the need to build KYC UI from scratch, cutting time-to-live considerably
• CKYC search and upload both covered, with two integration modes (aggregator and native) rare among non-bank KYC platforms
• Developer-first: clean documentation and full sandbox from day one with no sales gate
• Load-balanced infrastructure built to handle high traffic surges, as demonstrated by partners like FamApp (60% reduction in onboarding time)

Pricing: Custom, API-usage-based. Contact the Decentro team or explore the KYC and Onboarding product.

HyperVerge

Category: AI-Led Identity Verification and Fraud Prevention | Best for Banks, NBFCs, High-Scale Fintechs

HQ: Bengaluru, India | Founded: 2014 

HyperVerge One is an AI-powered identity verification and onboarding platform. Its core differentiator is biometric depth: It is touted to be one of the highest biometric security standards globally, and its deepfake detection is purpose-built for India’s fraud landscape. The platform powers onboarding for banks, NBFCs, gaming platforms, insurance, crypto, and marketplace businesses.

Beyond identity checks, HyperVerge covers the full lending journey, from KYC and document verification to credit scoring, bank statement analysis, and loan scheme recommendations, through a no-code workflow builder that product teams can use without engineering involvement.

Top Features

• Passive liveness detection and deepfake detection
• Face de-duplication to block synthetic identity fraud and multi-account creation
• AI-powered OCR for PAN, Aadhaar, passports, bank statements, and payslips
• Video KYC (self-serve and agent-led), compliant with RBI V-CIP and IRDAI guidelines
• AML screening: PEP lists, sanctions lists, and adverse media monitoring
• KYB: GST and NSDL verification for business onboarding
• No-code workflow builder for custom onboarding journeys
• Bank statement analysis and underwriting AI for the full lending workflow
• 100+ API integrations marketplace
• Global coverage across 195+ countries for businesses with cross-border KYC needs

Key Value Propositions

• ISO-certified passive liveness and deepfake detection — the most rigorous biometric fraud prevention available from an Indian KYC platform
• No-code workflow builder lets product teams launch and iterate onboarding journeys without engineering dependency
• End-to-end lending journey support (KYC through income through underwriting) in one platform
• Covers banks, NBFCs, insurance, gaming, crypto, and marketplaces
• Free Starter plan, uncommon in the Indian KYC market

Pricing: Starter plan: Free. Grow and Enterprise: Custom. See HyperVerge pricing.

Signzy

Category: Digital Banking Infrastructure | Video KYC and AML | Best for Banks and Regulated Fintechs

HQ: Bengaluru, India | Founded: 2015

Signzy is an AI-powered digital onboarding platform used by banks, NBFCs, and regulated fintechs. Its GO platform integrates 240+ bespoke APIs covering identity verification, Video KYC, AML screening, and document verification. Recognised in Gartner’s Market Guide for KYC Platforms for Banking (2024) for its One Touch KYC innovation, the platform deploys within 48 hours and completes verification in under a minute through parallel processing.

Its regulatory coverage spans 150+ countries, and its Video KYC product carries pre-call checks, geo-tagging, session recording, and RBI V-CIP compliance out of the box.

Top Features

• 240+ APIs covering KYC, AML, document verification, and Video KYC
• One Touch KYC with parallel processing and sub-minute verification
• RBI-compliant Video KYC (V-CIP) with pre-call checks, geo-tagging, and session recording
• Facial recognition and liveness detection; MuleShield for mule fraud detection using 200+ risk signals
• AML screening: global PEP, sanctions, and watchlist monitoring
• Real-time transaction monitoring with AI-powered pattern recognition
• e-Signature and contract lifecycle management
• Regulatory compliance coverage across 150+ countries
• No-code digital onboarding journey builder

Key Value Propositions

• Gartner-recognised One Touch KYC deploys in 48 hours and completes verification in under a minute
• Mature Video KYC product with strong regulatory compliance, including RBI, SEBI, and IRDAI
• MuleShield product specifically targets mule account fraud using 200+ risk signals from device, transaction, and identity data
• Covers both domestic and international onboarding compliance requirements
• No-code builder allows compliance and product teams to configure onboarding journeys without engineering effort

Pricing: Custom. Contact Signzy for a quote.

IDfy

Category: Identity Verification and Background Verification | Best for Regulated Enterprises and HR Tech

HQ: Mumbai, India | Founded: 2011

IDfy is an identity verification and compliance platform covering KYC, background verification (BGV), AML screening, and DPDP Act compliance. Its CrimeCheck service analyses over 400 million legal records in India — one of the deepest domestic coverage levels available. For organisations in banking, telecom, HR tech, and the gig economy that need both customer identity verification and employee BGV on one platform, IDfy handles both. Its Video KYC product supports both agent-assisted and self-serve modes, is compliant with RBI, SEBI, and IRDAI, and is designed to function even on low bandwidth with built-in reconnect and auto-save features.

Top Features

• KYC: Aadhaar, PAN, CKYC, Video KYC (agent-assisted and self-serve), face authentication
• CrimeCheck: AI-led legal history check covering 400 million+ Indian legal records, court records, tribunals, and eFIRs
• Background verification for employees and gig workers
• Bank Statement Analysis (BSA) with AI-powered data extraction
• Privy: DPDP Act compliance and enterprise consent governance platform
• Drag-and-drop no-code workflows with built-in KYC, AML, and risk assessment
• Document verification with AI-driven OCR
• API-first with real-time responses and auto-scaling infrastructure

Key Value Propositions

• CrimeCheck offers one of the deepest AML and legal history check datasets in India, supported by an in-house team of lawyers and paralegals alongside proprietary AI models
• Handles both customer KYC and employee background verification on one platform — the only provider on this list with this dual coverage
• Privy is a standalone DPDP Act compliance and consent governance platform, not just a checkbox feature
• Video KYC works on low bandwidth with intelligent reviewer allocation by language, product, and location
• Consent-ready drag-and-drop no-code workflows for rapid onboarding journey configuration

Pricing: Custom. Contact IDfy for pricing.

Surepass

Category: All-in-One Verification | Best for Cooperative Banks, NBFCs, Digital Lenders

HQ: New Delhi, India | Founded: 2019 

Surepass offers one of the broadest verification API catalogues in India, with 400+ APIs covering identity, business, banking, and fraud prevention. Its FinPass product handles income and credit verification for lending workflows, while DeepID is a next-generation mobile app security and fraud intelligence platform that uses device fingerprinting, SIM binding, emulator detection, GPS spoofing detection, ARP spoofing detection, and a real-time risk score to block fraudulent device environments before they reach your backend.

Top Features

• 400+ APIs: Aadhaar, PAN, CKYC, Video KYC, OCR, face match, liveness detection, deepfake detection
• WhatsApp KYC for frictionless, channel-native customer verification
• GST, MCA, DIN, and CIN verification for business onboarding
• FinPass: AI-powered income and credit underwriting intelligence, including bank statement analysis of up to 24 months of categorised data
• DeepID: device fingerprinting, SIM binding, emulator and VPN detection, GPS spoofing detection, real-time risk scoring, and anti-fraud policy engine
• SuperFIN: income verification using EPFO and Income Tax Return data
• AML screening: PEP, sanctions, and watchlists
• Penny drop and pennyless bank account verification

Key Value Propositions

• Widest API catalogue among Indian KYC platforms (400+), covering identity, business, income, and device fraud in one integration
• DeepID goes far beyond standard document checks, blocking rooted devices, emulators, VPN users, and spoofed environments before they reach your onboarding stack
• FinPass and SuperFIN add income verification depth useful for lending and credit decisioning without a separate vendor
• API-usage-based pricing accessible for cooperative banks, credit unions, and startups
• Sandbox environment for testing integrations before going live

Pricing: API-usage-based. Contact Surepass for current rates.

AuthBridge

Category: Background Verification and Compliance | Best for Compliance-Heavy Enterprises

HQ: Gurugram, India | Founded: 2005

AuthBridge is a background verification and onboarding compliance platform serving organisations across BFSI, staffing, IT, and manufacturing. Its TruthScreen AI-powered platform enables faster account opening and onboarding, while its Fintelle brand covers KYC, risk intelligence, and digital onboarding specifically for financial services. In April 2025, AuthBridge launched India’s largest AI-powered ID verification suite. Its authentication platform has been expanded to include agentic AI capabilities, including a Profile Aggregator Agent, Quality Control Agent, and Allocation Agent. In February 2026, AuthBridge partnered with Vibrium AI to expand its AI-led digital verification stack.

Top Features

• TruthScreen: AI-powered platform for Aadhaar, PAN, CKYC, and bank account verification (UPI-to-bank and mobile-to-bank APIs added December 2025)
• Fintelle: KYC, risk intelligence, digital customer onboarding, and fraud management for BFSI
• RBI-compliant Video KYC (V-CIP) with AI-powered facial recognition, liveness detection, OCR, and geo-tagging
• Criminal background check, court records verification, and eFIR checks
• Education, employment, and reference check verification (BGV)
• Digital Address Verification with real-time identity and address confirmation
• Agentic AI suite: Profile Aggregator, Quality Control, Allocation, and Follow-up Agents
• DPDP Act and GDPR-aligned data handling with consent management

Key Value Propositions

• Over 20 years of background verification data, giving TruthScreen’s fraud pattern recognition a dataset depth that newer platforms cannot replicate
• Widest BGV coverage in India across education, employment, criminal history, court records, and references — on one platform
• Fintelle’s Video KYC and Digital KYC solutions reduce operational costs by up to 70% and operational time by up to 90%, per AuthBridge’s published benchmarks
• Agentic AI automates the operations layer of verification, reducing turnaround time across high-volume onboarding pipelines
• Compliance-first architecture aligned with DPDP Act and GDPR

Pricing: Custom enterprise pricing. Contact AuthBridge.

Bureau

Category: Identity and Fraud Risk Intelligence | Best for Consumer Platforms and Fraud-Sensitive Fintechs

HQ: Bengaluru, India | Founded: 2020

Bureau takes a different approach to identity verification. Rather than leading with document checks and OCR, Bureau uses the phone number as a primary risk identifier — aggregating signals from device intelligence, behavioral data, telecom data, and identity databases to build a risk profile before onboarding decisions are made. Its money mule score and device fingerprinting are designed for the fraud patterns consumer fintechs face in India.

Bureau works best as a fraud pre-screening layer alongside a primary KYC platform, rather than as a standalone KYC solution.

Top Features

• Phone number-based risk intelligence and identity graph
• Device fingerprinting and behavioural risk signals
• Money mule score for detecting fraudulent account opening attempts
• AML screening and watchlist monitoring
• Transaction risk monitoring and chargeback fraud prevention
• Identity verification using aggregated multi-source data

Key Value Propositions

• Phone-first risk intelligence catches fraud before it reaches document checks — a pre-KYC screening layer that reduces fraudulent applications reaching your core verification stack
• Money mule scoring addresses a specific and growing fraud pattern in India, with signals trained on device, transaction, and identity data
• Works alongside standard KYC platforms rather than replacing them, fitting into existing stacks without a full migration
• Well-suited to consumer fintech, e-commerce, and lending platforms with high fraud exposure

Pricing: Custom. Contact Bureau.

Digio

Category: eSign + KYC + eNACH | Best for Banks, NBFCs, and Insurers

HQ: Bengaluru, India | Founded: 2016

Digio is a digital onboarding and document management platform that combines KYC, Aadhaar eSign, Video KYC, eStamping, eNACH, and payment collections in one workflow. Where most KYC platforms stop at identity verification, Digio extends into the full customer agreement and authorisation journey, allowing customers to verify their identity, sign agreements, and authorize mandates within a single digital flow.

Its DigiStudio no-code builder allows business teams to customise onboarding journeys using a drag-and-drop interface, with end-to-end process visibility from KYC through to mandate activation.

Top Features

• DigiKYC: ID OCR analysis, selfie verification, Video KYC
• Aadhaar eSign and eStamping
• eNACH and eMandate for recurring payment authorisation
• DigiLocker integration for document storage and retrieval
• CKYC verification
• DigiStudio: no-code workflow builder for onboarding journeys
• Full onboarding lifecycle visibility across document signature, KYC, NACH registration, and debit operations
• Compliance with RBI, SEBI, and IRDAI guidelines

Key Value Propositions

• The only platform on this list combining KYC, eSign, and eNACH in one workflow — reducing vendor count for banks, NBFCs, and insurers from three integrations to one
• DigiStudio no-code builder gives business teams direct control over onboarding journeys without engineering dependency
• RBI, SEBI, and IRDAI compliance in one integration, covering banking, capital markets, and insurance use cases
• White-labelled and developer-friendly APIs and SDKs for both mobile and web
• Document management and audit trail support covering the full lifecycle from KYC to mandate

Pricing: Custom. Contact Digio for pricing.

Digitap

Category: Bank Statement Analysis and Income Verification | Best for Digital Lenders and NBFCs

HQ: Bengaluru, India | Founded: 2017

Digitap is a fintech data and verification platform built for digital lenders and NBFCs. Its headline product is the Bank Statement Analyser API, which extracts and analyzes customer financial data via net banking credentials, PDF uploads, or the Account Aggregator framework. For lenders that need to assess repayment capacity accurately, Digitap’s analysis — income patterns, EMI obligations, average balance, and fraud transaction flags — goes deeper than most KYC-first platforms.

Digitap is a certified Technology Service Provider (TSP) under the Account Aggregator framework, enabling it to gather customer financial data securely through consent-based APIs.

Top Features

• Bank Statement Analyzer: net banking pull, PDF upload, or Account Aggregator integration
• Income, cash flow, and obligation analysis for lending decisions
• Report generation in Excel, PDF, and XML formats
• Real-time expense management and income tracking tools
• RBI-compliant Video KYC as part of the onboarding suite
• Identity verification: Aadhaar-based KYC and paperless verification
• GST and business data verification
• Fraud transaction flagging within bank statements

Key Value Propositions

• Deep bank statement analysis API stack built specifically for lending, with income, EMI obligations, and fraud flags surfaced in one output
• Multiple ingestion methods (net banking, PDF, Account Aggregator) reduce customer friction and accommodate different customer digital literacy levels
• TSP-certified under the RBI Account Aggregator framework, enabling secure and consent-based financial data access
• Report exports in Excel, PDF, and XML are immediately usable by credit and underwriting teams without additional processing

Pricing: Custom. Contact Digitap.

Jukshio

Category: Low-Bandwidth KYC and PII-Free Verification | Best for Fintechs in Tier-2/3 and Emerging Markets

HQ: Bengaluru, India | Founded: 2018

Jukshio is a specialised identity verification platform built for low-bandwidth environments, making it a practical option for businesses onboarding customers in Tier-2/3 cities and rural areas where device quality and connectivity are constraints. Its KYC++ platform uses deep learning networks to extract faces and text from documents and compare them against live images, maintaining accuracy even on low-end devices.

Jukshio does not store Personally Identifiable Information (PII) by default, reducing DPDP Act compliance overhead for businesses processing sensitive data at scale. Its DFraud tool adds real-time fraud detection via facial ID technology, and a real-time analytics dashboard allows businesses to monitor fraud metrics and KYC processes for faster decision-making.

Top Features

• KYC++: face and text extraction from documents using deep learning, compared against live images
• Optimised for low-bandwidth environments and low-end devices
• DFraud: real-time fraud detection via facial ID intelligence
• Real-time analytics dashboard for fraud metrics and KYC process monitoring
• No PII storage by default — DPDP Act-friendly architecture
• KYB: business partner and client identity verification
• OCR for standard Indian KYC documents

Key Value Propositions

• Built specifically for low-bandwidth environments and low-end devices, addressing a gap most Indian KYC platforms do not target
• PII-free default architecture reduces the data protection compliance burden from day one, aligned with India’s DPDP Act requirements
• DFraud adds proactive fraud detection at the facial ID layer, going beyond standard document authenticity checks
• KYB extends the platform’s utility to B2B onboarding and lending platforms that also need to verify business partners

Pricing: Custom. Contact Jukshio.

How to Choose the Right Perfios Alternative

The right KYC and onboarding platform depends on your business model, fraud exposure, regulatory obligations, and how closely your KYC layer needs to connect to your banking infrastructure.

Building a fintech, neobank, or B2B platform that needs KYC and Banking in one stack? Decentro’s modular API banking platform covers identity verification, CKYC, bank account verification, UPI, eNACH, and more without vendor sprawl.

Need the deepest biometric and fraud prevention tooling? 

HyperVerge’s ISO-certified passive liveness and deepfake detection are built for banks, NBFCs, and high-volume consumer fintechs.

Mature Video KYC and AML for a bank or regulated fintech? 

Signzy’s Video KYC product, with 240+ APIs and 150+ country compliance coverage, is built for this. Its MuleShield product adds dedicated mule fraud detection.

Need BGV and customer KYC on the same platform? 

IDfy is the only platform on this list that handles both employee background verification and customer KYC with AML at enterprise depth.

Cooperative bank or credit union with broad verification needs? 

Surepass’s 400+ API catalogue gives the widest coverage at accessible, usage-based pricing.

Need eSign, eNACH, and KYC in one workflow? 

Digio is purpose-built for banks and NBFCs that want the full agreement-to-authorisation flow in one integration.

Lending-focused with income and bank statement analysis as the priority?

 Digitap’s Bank Statement Analyzer is built for digital lenders that need deep financial data extraction for credit decisions.

Operating in Tier-2/3 markets with low connectivity? 

Jukshio’s low-bandwidth architecture and PII-free design address a gap most platforms don’t.

Looking to simplify your KYC and onboarding stack?

Let’s Connect

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Frequently Asked Questions

Q: What is Perfios Karza?

Perfios Karza is an identity and data verification platform used by banks, lenders, and fintechs for KYC, document checks, biometric authentication, and fraud assessment. Following the Perfios acquisition of Karza in 2022, the combined entity covers both KYC/identity verification and financial data aggregation and bank statement analysis — particularly for lending workflows.

Q: Why are businesses looking for Perfios alternatives in 2026?

Common reasons include the need for greater workflow flexibility, more advanced biometric fraud prevention, predictable API-usage-based pricing, and platforms that combine KYC with banking infrastructure. Many teams are also re-evaluating their KYC stack in response to the DPDP Act requirements and updated RBI guidelines for digital lenders.

Q: Which Perfios alternative is best for fintech startups in India?

For fintech startups that need both KYC and banking APIs under one integration, Decentro offers the most complete modular platform. For startups focused purely on identity verification, HyperVerge has a free Starter plan and strong API documentation.

Q: What is CKYC and which platforms support it?

CKYC (Central KYC Registry) is a centralized government database where a customer’s verified KYC is stored once and reused across financial institutions. Platforms that support both CKYC search and upload in India include Decentro, HyperVerge, Signzy, IDfy, and Surepass. With the 2026 CKYC registry upgrades, automating CKYC upload is increasingly important for RBI-compliant onboarding.

Q: How does the DPDP Act affect KYC platform selection in 2026?

India’s Digital Personal Data Protection Act increases scrutiny on how KYC platforms collect, store, process, and share personal data. Key considerations are: whether the platform stores PII by default, whether it has DPDP-aligned consent management, audit trail capabilities, and data residency in India. Jukshio’s PII-free default and IDfy’s Privy module are notable for DPDP readiness.

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All pricing and feature information is based on publicly available sources and official product pages as of June 2026. Transaction fees, product features, and licensing status are subject to change. Always verify current details directly with each provider before making decisions.