The road to risk mitigation goes through knowledge
API: A technology powered solution to mitigate risk
Technology powered background checks are revolutionising recruiting and onboarding across sectors. Companies are embracing API to mitigate risks in real time. The progress is steady but not slow.
In the new normal: Digital transformation drives employee background checks. 72% of HRs say that the use of technology assets and tools has made employee background checks more accurate and faster. (Source: Economic Times)
What are APIs and how they facilitate verification
Speed: APIs can automate the exchange of information between systems, reducing the time spent in human intervention and manual data entry.
Accuracy: By automating data validation and error checking, the risks associated with human oversight are nullified.
Security: APIs allow secure, encrypted data exchange between systems. Hence, reduced risk of data breaches and unauthorized access to sensitive information.
Improved candidate experience:As the verification process is streamlined, it speeds up candidate onboarding, reducing the time and effort required for candidates to reiterate the necessary information.
Scalability: API-based background verification can be easily scaled to handle large volumes of checks, making it an ideal solution for organizations with high-volume hiring needs.
Fad or future: You sure do get real-time results with zero human errors, lower labour and logistics costs, and better operational efficiency. However, there is much more to mitigating human capital risks than meets the eye. A fine example, APIs can often function in one dimension. Someone must effectively filter the search when it comes to various business objectives (dual employment, eligibility for directorship, etc.). Technology alone is not enough.
At Accuverse, we are led by risk intelligence, cognizance of human capital, and supremacy in technology. We extend claim validation to your various business objectives. Technology driven but smarter.
The umbrella covering human capital risks is broad. Businesses that know how to shield themselves from snowballing into bigger problems scale.
