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VeriME & Avvanz team up

Released at: 14:50, 30/01/2018

VeriME & Avvanz team up

Photo: VeriME

Cooperation to address problems with job applicant resumes.

by My Van

VeriME, under the NextTech Group, has recently cooperated with Avvanz in a major milestone for the blockchain-based digital identity verification platform. 

Avvanz’s Founder and CEO Mr. Kannan Chettiar spoke with media about how the partnership will make the whole process of employee management, from background checks to employee onboarding to holistic development, completely seamless as well as secure.

“Partnering with VeriME and leveraging their D-KYC [Digital-Know Your Customer] product, we are looking to build a future where the process of identity verification isn’t as time consuming and costly as it is today.” Said Mr. Chettiar. “With their remote application, any company or organization can verify the identity of a candidate within seconds and hence prevent them from hiring the wrong candidates, which can be detrimental to their future.”

Studies have shown that more than 30 per cent of resumes sent to a company have some form of discrepancy, which if not checked and/or verified as a part of company due diligence can result in huge reputational and security damage and financial losses.

Helping organizations with such processes, Avvanz carries out verification and employee integration within companies, not only saving them from fraudsters or imposters but also ensuring organizational success through hiring and integrating the “right” and “safe” talent. With VeriME, Avvanz can speed up the otherwise complex and tedious process of employee verification.

“Carrying forward our vision of simplifying and optimizing the process of verification and authentication, we are happy to have Avvanz as our newest partner,” Mr. Sanjeev Kumar, Co-founder of VeriME, was quoted as saying. “With the pace at which VeriME is growing, we are positive of reaching our goal of bringing onboard 100+ partners and 250 million+ customers soon and, hence, overhauling the traditionally cumbersome KYC process.”

Founded in 2016 by the award-winning Mr. Chettiar (named by Singapore Business Review as Executive of the Year 2017 - HR Technology), Avvanz is a fast-growing technology-based Employee Lifecycle Management company that is gaining traction at a global level. It serves clients in Asia, North America, and Europe.

Founded in 2017, VeriME offers a blockchain-based Verification as a Service [VaaS] platform offering KYC and authentication services for its partners.

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