New businesses often encounter roadblocks when attempting to verify their customers’ information in today’s data-driven marketplace. Many founders find themselves contemplating big, seemingly unanswerable questions about how to resolve the tension between security and the need for growth.
There are, however, workable strategies to craft balanced online verification workflows. These solutions are built to meet current and future data verification demands and requirements.
Here are some common questions about the best ways to improve online verification processes, and how to address them.
1. How do I create scalable verification workflows?
Scalability is critical for start-ups that want to catalyze short- and long-term success. With a flexible workflow for identity verification, businesses with limited time, resources and funding can focus their efforts on exactly what will support positive growth.
But what does a scalability strategy look like? Well, for starters, it addresses the following:
- Adding new attributes: Today you do background checks, but what will your business need to verify tomorrow?
- Ensuring all verified data is from authorities: Are your data sources official, reliable and accurate?
- Ensuring all verified data is current: Verification records change over time. Do you have the most up-to-date data at any given time?
- Centralizing verification: Start-ups with multiple data sources drain their resources and staff without an organized, unified platform for verification.
Approaching online verification with scalability in mind lays the groundwork for adaptable workflows and future savings.
2. How do I use personal information in ways that benefit my business and decrease my liability?
Most business leaders and founders have a good idea about the risks that come with using personally identifiable information (PII),...
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