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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. https://www.damcogroup.com/data-verification-and-validation-services.html

3 Key Responsibilities of Data Verification Services For Customer Identity Verification

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

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