For a whole lot of reasons, employers now ought to go a lot deeper while doing the identity check of a candidate. Many greater elements ought to be taken into consideration, and they all ought to be carried out nicely via the means of employers earlier than committing to a proper process offer.
Background checks including id check are very vital, and collectively, they could paint an in-depth and insightful photograph of a candidate. We prioritize the identification take a look at as a vital a part of heritage take a look at.
This stage of facts method employers are better-knowledgeable than ever after doing the online identity verification while making selections approximately hiring new staff.
The size of the global identity theft check market is expected to reach US $ 17.8 billion by 2026, with market growth of 13.4% during the forecast period.
1. The online id verification offers security solutions that ensure an individual's unique authentication and identity verification.
2. Growing digitization initiatives, id check, an increase in fraudulent activities over the last decade, and an increase in the adoption of digital IDs among verticals are all pushing the identity verification industry.
3. Fraudulent activity would have been restricted to a candidate embellishing and adding false information to their CV and application. The process is easier with online id verification of background checks services.
Types Of Identity Theft
Number Of Reports
Percent Of Total Top 5
1. Government benefits applied for / received
394,324
32.0%
2. Credit Card Fraud- New Accounts
365,597
29.7%
3. Miscellaneous Identity theft
281,434
22.9%
4. Business/ Personal loan
99, 667
8.1%
5. Tax Fraud
89,391
7.3 %
Third Party Id verification
In house Identity Check
1. Charge Taking
1. The agent does all the documents collection work.
1. The employers have to collect the documents by themselves while doing id check.
2. Time Limit
2. Third party with experts can make the online id verification process easier and within time.
2. The in house identity check can be time consuming which can affect the other official works too.
3. Cost management
3. Hiring third party for id check can be a bit costly as they will do your every work for identity theft check.
3. The in house identity theft check can also be done with online id verification
4. Cross Checking
4. The cross checking done by the third party for online identity verification will help the employer to rely on the documents.
4. The cross checking may be time consuming and stressful when doing in house id check.
Our identity verification service verifies that the person requesting to subscribe is who he or she claims to be. This provides you the confidence to start a customer connection.
Using our development kits and APIs, you may integrate our solutions directly into your apps and interfaces. Our id check system, which is based on our own artificial intelligence technology, works well in both face-to-face and remote identification scenarios.
Contact Us Today for the best identity check service for your company