Banking
Challenges
A very large international bank was facing difficulty in meeting their compliance requirements due to lacking in the background verification of high risk positions which required deep rooted verification such as criminal, litigation and directorship checks. The bank outsourced the stuff to a long-familiar human resource consultancy firm, but due to non-specialization in background verification, they failed to get accurate information.
Solutions
After partnering with RiskDiscovered, the bank was able to get the robust high risk roles verification. Address verification requirement was also fulfilled in fastest turnaround time.
Results
RiskDiscovered saved valuable time and resources of the organization which were utilized in core task of hiring and organizational development. Further, bank was successfully met group compliance requirements, reduced staff turnover, increased productivity and secured itself from misdeed and fraud by employees.
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Telecom
Challenges
A leading telecommunication company was facing slow and biased in-house employees’ verification by non specialist verification staff. Verifications of high risk position were a problem because of compromising quality of verification and slower turnaround time.
Solutions
The organization partnered with RiskDiscovered for their employees verification due to its ability to handle high volume in fastest turnaround time while maintaining the quality.
- RiskDiscovered reduced the time of verification to 5 to 15 days for education, employment, reference and criminal background history.
- Riskdiscovered verification specialists identified numerous fake cases and pointed out several red flags.
- RiskDiscovered also initiated the web based automated monitoring and reporting system for client to track cases from start to finish and from where history of cases can be checked for last two years in just few clicks.
Results
Partnering with RiskDiscovered allowed the company to off-load the employees’ verification hassle and get the faster verification processing and application approvals. Best, accurate and reliable hiring decisions were made through unbiased and non-conflicting results.
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Pharma
Challenges
A very large multinational pharmaceutical corporation undertook a search for a specialized employee’s verification partner due to their bad experience with an HR consulting company who paralyzed them because of their inexperienced approach towards verification of employee’s credentials. Due to poor management by HR Company, the application processes were getting lengthy, turning into phenomenal time and investment loss.
Solutions
RiskDiscovered took over and managed verification processes by decreasing application processing time. We verified all the requested checks with 60% increase in overall efficiency and turnaround time, using the automated and secure online verification system.
Results
Partnering with RiskDiscovered reduced the risk of employment associated with medical and pharmaceutical industry to maximum. Client saved lot of valuable time and money.
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Oil & Gas
Challenges
A very well established oil & gas exploration company was looking to verify the addresses of their field and technical staff through site visit. Due to remote locations and difficulty in access to troubled areas, company wasn’t able to verify the addresses with their own resources.
Solutions
Because RiskDiscovered has a strong on-ground presence across Pakistan and has an ability to visit and verify the sites in rural, remote and troubled areas; RiskDiscovered performed all the address verifications efficiently and identified high number of cases with wrong information.
Results
RiskDiscovered helped the corporation in gaining accurate reporting about employees’ address of residence through fast, accurate and automated online processes.