First Advantage Corporation (NASDAQ: FA), a global software and data company, and ID.me, a market-leading digital identity wallet, today announced their exclusive strategic partnership and launch of their Fair Credit Reporting Act (FCRA)-compliant digital identity verification product for recruitment, hiring, and onboarding.
Combating recruitment fraud is one of the most urgent issues employers are facing today. Advanced, AI-driven, fraud detection technology is required to solve this problem, but existing products have lacked the ability to be FCRA-compliant. The First Advantage and ID.me product delivers a state-of-the-art, modern, fraud detection experience to help companies recruit, hire, and onboard, and will now appear within the background screening report so that employers may make employment-related decisions based on those results.
“Identity fraud detection is one of the most critical trust factors in hiring today. As AI and fraud tactics evolve, employers need greater confidence that the people joining their workforce are who they say they are. By combining First Advantage’s biographical data and compliance expertise with ID.me’s high-assurance identity proofing, we’re delivering a FCRA-compliant identity fraud detection product. This is a meaningful step forward in delivering workforce identity intelligence, helping organizations hire with confidence and build trust in a changing world,” said Joelle Smith, President, First Advantage.
“The U.S. employment system was never designed for today’s threats. Employers are in the crosshairs, and the solutions available to them have not kept up,” said Taylor Liggett, Chief Growth Officer, ID.me. “Together with First Advantage, we’re proud to announce an identity fraud detection product that is purpose-built for hiring and compliant with the FCRA, so that employers can mitigate fraud, act with confidence, and give candidates a fast, simple experience.”
