The hiring process can be frustrating if the correct checks aren’t in place. Some may feel that a background check isn’t needed, but those who aren’t the right fit for a role can end up costing the business money regarding training and onboarding. Of course, new businesses can be fearful that background checks are costly and drawn out, but this…
Credit checks are often associated with financial products, but this isn’t the only instance when they are used. As such, a good credit score is essential for several reasons. The following is an overview of when a credit check will be carried out and why a good score is necessary. A Good Credit Score Helps People Secure Lower Interest Rates…
Many people can be under the impression that credit checks are only used when applying for loans, mortgages, and credit cards, but this isn’t the case. Although credit searches are used by those wanting to borrow money, they’re also used to verify a person’s identity and establish whether they’re the right fit for a job role. The following is an…
A business may need to verify the background of customers or employees, but conventional methods can be dated and take some time. Fortunately, liveness checks can ensure that a business is not hindered by a long-winded background screening process and can offer customers and employees a streamlined service. The following is an overview of what liveness checks are, and why…
Whether you’re a business wanting to hire new employees or a financial institution offering credit, document verification can be essential for background checks. Despite the stringent checks in place when vetting individuals, there can still be instances when some attempt to use false documentation. Although instances can be rare, a business or organisation must be prepared for all eventualities. Fortunately,…
Although credit checks are commonly used when applying for finance, they are also integral when applying for jobs. As such, one of the most frequently asked questions is, can you fail a credit check for a job? The short answer is yes, but it can depend on the circumstance and the role being applied for. Why Are Credit Checks Used…
Given how realistic fraudulent documents can be in the modern age, it is understandable that people are searching for fast and easy ways to verify paperwork that is also affordable. Document verification has been carried out for many years, but it is only recently that businesses can obtain results via the Internet. However, it isn’t only the process that has…
A business has several responsibilities to ensure clients and customers are protected, as well as other employees. As well as ensuring it is screening other companies it deals with, a company must also ensure the relevant background checks are carried out regarding new employees. Regardless of whether you’re hiring new employees or want to create a new investment opportunity for…
When applying for a job, businesses and organisations will often carry out several checks depending on the type of role being used for. Pre-employment checks allow firms to screen candidates’ backgrounds and ensure they are a good fit for a position. Pre-employment checks can come in various guises, so the screening process won’t always be the same. However, the following…
Know Your Customer Checks, often called KYC Checks, are identity checks that ensure the person a business is dealing with is genuine. Companies must take a series of measures to protect themselves, their customers and their employees, and KYC Checks are an essential part of the process. Businesses can find traits of fraud or money laundering by continuously reviewing accounts…