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3 Key Responsibilities of Data Verification Services For Customer Identity Verification

D100 3 Key Responsibilities of Data Verification Service For a Customer-Identity Verification Data verification services ensure that the data is accurate, high-quality, and relevant to the business requirements. The verification of data helps in identifying incongruities, prioritizing patents, extenuating possible risks, thereby empowering organizations to make well-informed decisions. HO100100100101 Employing Authenticated Data Sources 01 Data verification companies must be able to find/establish and employ databases that are authentic, legitimate, official, and updated at regular intervals for verifying customer identities. Data resources such as government records – electoral roles, tax registers, postal services, census bureau records, credit files etc. Validating Records From Multiple Matches The service providers should refer to a variety of data sources before drawing conclusions and producing a match to validate customer identities. This is required because disparate databases might have different information about that customer. 02 03 Formatting Data Entries Data entry differs in a global landscape. Let us consider an example of writing birth date whose basic components consist of year, month, and date. This can be written in multiple ways: Year, month, day/ Day, month, year/ Month, day, year.

3 Key Responsibilities of Data Verification Services For Customer Identity Verification

shared by itesonlinework on Jul 20
Data verification services make sure that the data flowing into the company systems and CRMs is accurate, reliable, and comprehensive.


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