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Why AIFISE Beats Perfios & TrackWizz as the Best CKYC Solution for Growing Firms
TL;DR — Quick verdict
AIFISE is the best alternative for organisations of all sizes — from early-stage NBFCs and brokers to large banks — that need AI-driven CKYC automation with flexible pricing and fast integration. Perfios remains a heavyweight for financial data extraction and underwriting. TrackWizz is a proven compliance suite for established banks.
Why firms look beyond Perfios & TrackWizz
Cost pressures: Enterprise-grade vendors may feel heavy for startups or mid-sized firms.
Integration time: Large deployments slow down go-live.
Scalability gaps: Growing companies need CKYC solutions that scale up without upfront enterprise-level investment.
How AIFISE serves both enterprises and growing firms
Unlike traditional CKYC vendors, AIFISE is designed to support:
Low-volume companies: Affordable usage-based pricing makes compliance possible even for firms processing just a few hundred CKYC records per month.
Startups & new NBFCs: Ready-to-go APIs and cloud-first design cut integration timelines, so younger firms can go live quickly without complex IT.
Growing companies: As transaction volumes increase, AIFISE scales seamlessly — moving from hundreds to tens of thousands of CKYC checks without re-architecture.
Large enterprises: Proven robustness with real-time CKYCR sync, AI-driven deduplication, and audit-ready compliance reporting.
This flexibility ensures that AIFISE isn’t only for large regulated entities — it’s equally viable for firms at the beginning of their compliance journey.
Deep comparison table: AIFISE vs Perfios vs TrackWizz
Dimension | AIFISE (AI-first, all-size support) | Perfios (Enterprise, data & KYX leader) | TrackWizz (Compliance suite) |
|---|---|---|---|
Target audience | Startups, low-volume companies, growing NBFCs, brokers, large banks | Large banks, NBFCs, insurers with complex data needs | Established banks & institutions focused on AML & compliance |
Onboarding speed | Hours (AI automation, ready APIs) | Fast but depends on enterprise integrations | Mature, but enterprise-grade timelines |
Pricing model | Flexible usage-based tiers; cost-effective for low & mid volume | Enterprise contracts | Enterprise/project pricing |
Deployment | Cloud-first (API/SaaS), fast time-to-market | Enterprise-scale deployments | SaaS + on-prem hybrid |
AI/ML strength | Strong AI-driven OCR, deduplication, face match, risk checks | Strong data extraction, VKYC, liveness | Compliance-focused rule engines |
Scalability | Seamlessly scales from low volume to enterprise-grade | Built for high enterprise volumes | Built for banks & regulated heavy users |
Tactical guidance
For startups and growing NBFCs: AIFISE’s flexible pricing and API-first design remove the burden of heavy upfront investment. Perfios, while robust, is often better suited for enterprises with larger budgets, and TrackWizz doesn’t offer the same scalability for smaller firms.
For large banks with heavy underwriting needs: AIFISE provides deep integrations while keeping CKYC operations cost-efficient. Perfios is known for its financial data pipelines but comes with higher complexity and costs, while TrackWizz focuses more on monitoring than CKYC automation.
For firms prioritizing compliance and AML along with CKYC: AIFISE balances automation with regulatory coverage. TrackWizz has a strong reputation in AML, but its CKYC module is less streamlined. Perfios covers integrations well but isn’t built to manage compliance holistically.
👉 In each case, AIFISE stands out as the platform that adapts — whether you’re just starting, scaling fast, or managing complex compliance.
Choosing the Right CKYC Platform
Scenario | Perfios CKYC | TrackWizz CKYC | AIFISE CKYC |
|---|---|---|---|
Startups & Growing NBFCs | Strong features but high cost and heavy setup; best for enterprises with budgets. | Built for compliance at scale; may feel rigid and less startup-friendly. | API-first, flexible pricing, and no heavy upfront investment — designed to grow with you. |
Large Banks with Heavy Underwriting Needs | Deep financial data integrations but complex and expensive to maintain. | Trusted in compliance, but CKYC workflows are less streamlined. | Enterprise-grade CKYC with lower operational overhead, scalable integrations, and long-term cost efficiency. |
Firms Prioritizing Compliance & AML Alongside CKYC | Focused on data pipelines, not holistic compliance. | Strong AML monitoring, but CKYC module isn’t optimized for speed. | Balanced automation: CKYC + AML coverage with streamlined workflows, reducing compliance friction. |
👉 The takeaway is clear: Perfios works best for data-heavy giants, TrackWizz for pure compliance monitoring — but AIFISE adapts to every stage, from startups to large banks, making it the most versatile CKYC platform in India.
FAQs:
Can small or growing companies use AIFISE CKYC?
Yes — AIFISE offers usage-based pricing and quick integration, making it ideal for low-volume or early-stage firms that need compliance without heavy IT investment.Which CKYC solution scales best as companies grow?
AIFISE — it supports firms from a few hundred CKYC checks to enterprise-grade volumes, with no need to re-architect systems.
Conclusion
While Perfios and TrackWizz are strong enterprise-grade solutions, AIFISE stands out as the best all-round CKYC alternative. Whether you are just starting, scaling, or already at enterprise size, AIFISE delivers AI-first automation, compliance readiness, and cost efficiency that adapts to your growth journey.
👉 Book a demo today to see how AIFISE can simplify CKYC for your business.
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