Jacob's writing

  In today’s competitive era, every organization is trying to get an edge over the competition, be it at technological advancements, ease of employment or activities of human resources. It is a known fact that most major organizations have what can only be described as an annual mass employment drive, which on the face of it, may sound good but isn’t so. With a mass recruitment drive as a hiring process, comes an increase in the probability of hiring one or more employees that may turn out to be a misfit in the organization. Here’s when you need background verification of employees . India is number 4 in the world when weighing companies that make wrong hiring decisions. And, according to a survey, three out of ten Indian companies, i.e., 29%, reported that even one bad hire cost companies and employers an average of over INR 20 lakhs. The study also states that 84% of companies in India said that they were greatly affected by their bad hiring choices. For bad human resources’ deci...

A public criminal record check is part of the rigorous background check conducted prior to hiring an applicant. This involves reviewing various publicly available documents to uncover the applicant's criminal background, if any. A criminal record check involves reviewing court records for civil and criminal cases. This is done using data that has been made publicly available by the courts. This includes data provided by the following legal institutions: District Civil Courts & Tribunals High Courts Supreme Court Magistrate Court District Court State Courts Criminal Suit – Magistrate Court Criminal Suit District Court Criminal Suit State Court Applicants are screened for criminal offenses with the help of access to publicly available online databases of the District Court, the State High Court and the Supreme Court of India. To ensure an absolutely safe workplace free of criminal intent, a thorough public criminal record check is absolutely necessary. With a criminal background...

Video  KYC is an integral part of the customer onboarding process and it has evolved with time. Do you know video identification is now the latest way to carry out the KYC process in real-time? This blog post covers the basic information about Video KYC, including the process and use cases. Here’s the summary of the blog: The year 2020 has brought some major shifts in the business world, digitisation being the significant change. With COVID-19 situation in question, organisations have actively shifted their operations online to capture the consumer market and reap the benefits. Among all the industries, banks and financial institutions are the ones to take a major leap in their customer onboarding process. While consumers go digital, enterprises face a major challenge to strike the balance between security and customer experience. Which method to adopt to successfully comply with KYC/ AML regulations and provide the user with enhanced experience? Video KYC is one such solution th...