The employment verification process is evolving as Experian introduces a new AI-powered solution. The company aims to modernize the employment verification process with faster and more efficient workflows. Additionally, the launch will bring increased flexibility to both employers and lenders.
The Verify™ product for research verification uses a combination of a web-based form and a conversational AI agent. Also, it has been integrated with Experian’s contact centers. As a result, organizations can reduce manual tasks and improve turnaround times.
“Employment verification remains a highly manual and time-intensive process across the industry,” said John Tsefrikas, senior vice president and general manager of Experian Verification Solutions. “With Experian Verify for research verification, we’re helping clients modernize these workflows through intelligent automation and AI-driven engagement that can improve efficiency, accelerate decision-making, and create a better experience for employers and lenders alike.”
Enhancing Efficiency Through Automation
The solution allows employers to complete verifications through digital channels. Moreover, income and employment verification become easier with this tool. After submitting the information, the system will automatically provide a verification report. Hence, the results obtained by clients will be accurate and up-to-date.
Through the use of Experian Verify for research verification, one is able to:
- Streamline the process of verification, thus increasing operational efficiency.
- Verify a large number of people, ranging from contractors to government employees.
- Automate existing verification procedures.
- Easily scale manual verification procedures, such that employers can verify at their own time.
In this regard, Experian is continuously growing its Verify product suite. It also covers almost the whole U.S. workforce. Moreover, the platform makes use of one of the biggest data sets from the employers’ payroll data network. The solution also caters to the needs of a broad spectrum of people, such as contractors and government employees. Furthermore, it introduces automation on a large scale using secure digital communications. Thus, it becomes obvious that Experian has reinforced its position in financial technology innovation.
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News Source: Businesswire.com
