The economy of today is hugely reliant on ‘Trust On Demand’. Think about it. A lot of commonly used on-demand services like cabs, food delivery etc. will not have any business if it weren’t for trust. Just ten years ago, the entire concept of such businesses seemed like a far-fetched idea. But with advancements in technology and the world getting more and more digitized every day, the economy requires us to be more trusting of other individuals and groups. As a result of this pressing need for trust enablement for the growth of the economy, TrustOnDemand ™ was born. Using this game-changing development, identity verification is now simpler and easier than ever.
The biggest beneficiaries of TrustOnDemand™ are businesses, HR industry, as well as the government agencies. Earlier, screening candidates was a complex, tiring task which took extremely long. Moreover, since it was manually done, there were chances for many possible mistakes which could cost the organisation lakhs of rupees. Such risks include improper identity verification and background verification, where the candidate provides false information about himself or herself, and the company is not aware of these.
This not only compromises the safety and security of people involved but also gives way to various criminal activities. In fact, in 2016, a whopping 77 percent of all credit card frauds in the country were due to identity theft. And according to a research conducted by AuthBridge, one out of every six applicant lies on their resume in India. These are clear examples of why India needs a better identity verification process, and TrustOnDemand™ is exactly the solution you need.