The world as a global village is full of fraudsters, scammers, and identity stealers. They do not spare any industry and create major problems amongst multiple corporations. According to the PWC report on global fraud in 2020, approximately 47% of companies have been subjected to fraud in the time span of 24 years while the main culprits belonged to the USA, Singapore, and Switzerland.
Sustainable development in the tech industry has minimized the risk of frauds, cheats, and scams by stealing identity. ID document verification is the new normal and promises a sustainable future. A future that is safer for our coming generations whilst securing and balancing our present.
Why ID document verification?
In a world of beneficial and detrimental innovations, it is essential to know that the people are who they claim to be. Many recruitment entities already have a mechanism to run identity checks but manual document authentication can be time-consuming, inconsistent, and prone to errors.
Job seekers are out in the market along with job recruiters who enjoy the benefit of recruitment through technological advancements. Document validation is a necessary requirement for such a big platform to avoid scammers, hackers, and identity frauds. Carrying out an effective and diligent process to register users through the ID document verification service is the solution of all time.
Here are a few mindboggling reasons as to how recruitment businesses can benefit from the document validation process:
Online businesses are a major target of cybercrimes without the use of document authentication. Lawbreakers pave their way into the market and destroy businesses through identity theft and online scams. Many job recruiters have developed a habit of asking for a small stipend in return for a job opportunity. Similarly, job seekers upload fake documents especially on freelancing websites causing distress to the company, clients, and the people associated.
ID Document verification not only reduces fraud but also helps in scaring the fraudsters away. Indistinguishably, when job recruiters upload their business documents, identity document checks make sure fake and forged documents do not pass through to different organizations.
Rest assured while Auditing
When electronic ID document verification checks are run, they store multiple copies of all the information including the date, time, and who runs the verification check in their backend. Therefore, for instance, if an audit is performed, all the information is up to date making it easier, less time-consuming, and effort-free for both the auditing firm and the company.
Nowadays, it is very critical to verify the ID of job seekers and recruiters to combat the massive risk of terrorist funding. Document validation provides identity theft solutions and decreases the risk by making the platform safe and secure for both.
Building healthier relationships
Every business’s dream is to be one step ahead of its client and be customer-friendly. It can be achieved through online ID document verification by reducing the cost of paperwork and increasing time efficiency. Job seekers appreciate the value of time and adopting means of safeguarding their identity.
Enhanced accuracy of the software and automated tools
Humans are designed to make mistakes and even if an individual gives their all, achieving 0% human error is impossible at all times. Verifying documents digitally eliminates the risk of data entry errors making the platform error-free.
Business dealings have deadlines and task monitoring therefore any act of saving time can be luxurious for a business. The manual data entry and ID document verification process are slow, time-consuming, and energy-draining. But online document authentication is a real-time process that does not require paperwork and gives a chance to enter data hassle-free.
Protection from hefty fines
Improper screening of a candidate who uploads documents that are compromised, forged and fake can cost reputational and financial damage to the brand. It is usually extremely difficult to train new and existing staff with updated changes in the documents and their holograms. ID Document verification service helps in reducing the damage to reputation and finance.
Ensures emotional wellbeing to clients
Providing job seekers with efficient and regularly monitored screening ensures happy clients. Clients around the world usually associate a verification technology with its emotional wellbeing. Happy customers mean positive feedback who in turn naturally promote the technology to other people.
Recruitment sites are widely used all around the world in providing and seeking jobs. Businesses can benefit from ID document verification on the go. Advanced and digitally designed ID document verification technologies ensure happy customers. It is a way to sustainable recruitment.