Real-Time Tenant & Pre-Employment Screening

Automated Biometric ID Verification & KYC: Mitigate Identity Fraud



Biometric ID Verification


LetFaster, a division of IDcheck, is a secure, compliant, cloud-based, Tenant Screening solution and is one of only a handful of global software firms to have built an automated Biometric ID and Verification Solution.


Identity Fraud


In 2019 The FTC listed Identity Theft as the largest type of fraud. Combined with Imposter and Phone fraud this led to $1.9bn in fraud losses, while CIFAS reported 58% of cases linked to Identity Fraud.


Limitations


Few possess the skills to differentiate between fake and real ID documents and would require current document templates. Scanners per office would be too costly and cannot handle remote identification.



Key Risks


Standard Industry checks would pass many fake IDs impersonating a real person, as all the checks are performed on the real person! Fraudsters might hack a 3rd party database or the person's laptop. As on-line theft is scalable the risk grows. Therefore correctly identifying a person becomes the most important component.


Solution: LetFaster


LetFaster is the only automated platform to offer real-time Biometric ID Verification; Employment, Landlord and Guarantor References; Proof of Address, Savings/Income/Annual Accounts; Bank Account Validation; Right-To-Rent, an affordability decision as well as credit, sanctions and criminal background checks.


Strengthen Internal Controls


Each client has their own portal, which replicates internal structures, provides strict access controls, permissions and full control over which data is accessed and by whom. The Audit Trail flags multiple internal and external types of fraud, while a kill switch freezes system access for rogue employees.







Tenant Screening | LetFaster

    ✔ Automated Biometric ID Verification & Liveness Check
    ✔ Official Document Verification
    ✔ Real-Time Employment, Landlord and Guarantor References
    ✔ Real-Time Proof of Address, Savings/Income/Annual Accounts
    ✔ Real-Time Affordability Decision (Per Tenant and Property)
    ✔ Real-Time Bank Account Validation
    ✔ Real-Time Credit/Solvency and Sanctions Checks
    ✔ Global Criminal Background Checks
    ✔ Right To Rent Checks
    ✔ Automated Reports




Pre-Employment Screening | HireFaster

    ✔ Automated Biometric ID Verification & Liveness Check
    ✔ Official Document Verification
    ✔ 5yrs Real-Time Employment Verification
    ✔ Professional Reference Checks
    ✔ Real-Time Proof of Address
    ✔ Real-Time Bank Account Validation
    ✔ Real-Time Credit/Solvency and Sanctions Checks
    ✔ Global Criminal Background Checks
    ✔ Academic Qualification Verification
    ✔ Licence & Certification Verification



Portal: Flexibility & Business Intelligence

Each client has their own portal, which is suitable for companies of all shapes and size. It replicates internal structures, provides strict access controls, permissions and full control over which data is accessed and by whom. All identifying data is encrypted. A full audit trail is provided, which also flags potential internal and external fraud risks.

Management, Sales and Back Office are provided real-time charts and tables in the Business Intelligence dashboard, which can be split by Sector, Vertical, Region, Office, Team or End Client.





Compliance & Data Handling

    ✔ More stringent data handling than GDPR requirements
    ✔ Each user has instant access to view/edit/update their own data
    ✔ No checks are performed, nor is any data shared, without the     user's consent
    ✔ A secure platform which encrypts all sensitive and identifying data (in use, storage and in transit)
    ✔ Key-Based 2-Factor Authentication, where the pin is neither stored nor transmitted
    ✔ To mitigate the risk of a data breach, unless a client requests long-term storage, all identity documents will be deleted shortly after the referencing process is complete



Internal Controls

    ✔ Strict access controls, permissions and governance
    ✔ The system blocks personal e-mails as referee and flags any     Company Name that differs from its domain
    ✔ Mitigate Fraud Risk: The portal automatically monitors and flags     suspicious activity
    ✔ A Kill Switch instantly freezes system access, providing time to     assess rogue employees

To submit a demo request: