'First Advantage' Announced a New Partnership with 'Yoti'
Colin Smith — March 29, 2022 — Tech
References: fadv & globenewswire
'First Advantage Corporation,' the leading global provider of digital identity security solutions, has announced a new partnership with 'Yoti,' a digital identity verification service provider based in the United Kingdom. Through its partnership with Yoti, First Advantage will incorporate Yoti's thorough digital identity verification services across its FIrst Advantage platform. First Advantage primarily works in the finance and e-commerce sectors, providing screening, verification, and security solutions for the industry.
First Advantage will not only use Yoti to ensure the accuracy of its identity verification services, but also to streamline the process of identity verification for employers and landlords. First Advantage will allow employers to hire more quickly and efficiently and will allow landlords to verify the identity of potential renters and homeowners in a quicker and less invasive manner.
Image Credit: Shutterstock
First Advantage will not only use Yoti to ensure the accuracy of its identity verification services, but also to streamline the process of identity verification for employers and landlords. First Advantage will allow employers to hire more quickly and efficiently and will allow landlords to verify the identity of potential renters and homeowners in a quicker and less invasive manner.
Image Credit: Shutterstock
Trend Themes
1. Digital Identity Verification - The trend of digital identity verification is growing as companies partner to incorporate it into their platforms, providing more reliable and efficient identity verification services.
2. Streamlined Identity Verification - There is a trend towards streamlining identity verification processes for employers and landlords, saving time and resources and potentially disrupting traditional methods of identity verification.
3. Global Digital Identity Services - The trend towards global digital identity services is increasing, as companies like First Advantage partner with international providers like Yoti to expand their reach and provide more robust identity verification solutions.
Industry Implications
1. Finance - The finance industry stands to benefit from partnerships like that between First Advantage and Yoti, as digital identity verification services become more reliable and efficient, potentially lowering costs and increasing security measures.
2. E-commerce - Partnerships between digital identity verification service providers and e-commerce companies like First Advantage provide a clear path towards more efficient and effective identity verification processes for online shopping.
3. Employment and Housing - Streamlined identity verification processes can significantly benefit industries such as employment and housing, providing more accurate and efficient methods of vetting potential employees or renters, potentially disrupting traditional methods of identity verification.
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