IDI Expands Access to Identity Solutions with TazWorks Partnership

Introduction to IDI and TazWorks Partnership

Interactive Data, LLC (IDI) is thrilled to announce a strategic partnership with TazWorks, a recognized leader in technology solutions for the background screening industry. This collaboration aims to enhance access to cutting-edge identity intelligence solutions that will aid Consumer Reporting Agencies (CRAs) in providing more reliable and efficient services. IDI is proud to be part of this innovative venture, designed specifically to meet the growing needs of the screening sector.

Understanding TazWorks and Its Impact

TazWorks Overview

TazWorks, known for its pioneering TazCloud platform, offers a robust solution built to streamline the background screening process. This independent technology platform is tailored for CRAs, providing tools that improve accuracy and efficiency in screening. By utilizing TazWorks, organizations can expect to enhance their service delivery and customer satisfaction.

The Role of IDI

As a leader in identity verification and risk mitigation, IDI leverages a comprehensive consumer identity graph consisting of proprietary data, covering virtually the entire adult population of the United States. This extensive data repository, combined with IDI’s AI-driven technology, empowers CRAs with the tools to identify key pointer data essential for background checks, thus improving the reliability of the screening process.

Innovative Solutions Offered by IDI

idiTRACE™: Uncovering Address Histories

One of IDI's flagship offerings, idiTRACE™, assists background screeners in uncovering an applicant's potential address and alias history. This sophisticated tool uses customized searches based on various metrics such as name, SSN, and date of birth, thereby enhancing the depth and breadth of background checks.

idiCRIM™: Simplifying Criminal History Checks

idiCRIM™ is another crucial component of IDI's offerings, providing access to a national criminal history database. This solution increases efficiency by reducing false positives and streamlining manual reviews—making the background screening process not only faster but also more accurate.

idiALIAS™: Comprehensive Alias Searches

The idiALIAS™ solution seamlessly combines address tracing with criminal database searches to deliver thorough results for all subject aliases. This integrated approach boosts the productivity of CRAs significantly, resulting in improved overall outcomes and efficiency.

Impacts of the Partnership on the Industry

James Frasche, Chief Operating Officer at red violet, expressed excitement over this new integration stating it encapsulates IDI’s ongoing commitment to innovation within the background screening industry. The partnership aims to enhance CRAs' capabilities, ensuring they can provide valuable insights that enable employers, property managers, and other organizations to operate with enhanced confidence and efficiency.

Jake Shapiro, TazWorks Director of Product Management, added that this integration exemplifies a significant leap forward, emphasizing TazWorks' dedication to empowering screening agencies with sophisticated technology. By linking TazWorks with IDI’s identity intelligence, clients can benefit from enhanced insights and quicker verification processes—all within a trusted platform.

About IDI

At IDI, our focus is on delivering state-of-the-art identity intelligence solutions. We utilize advanced technologies and analytical capabilities to support organizations in identifying individuals, businesses, assets, and their relationships in real-time. Our services include identity verification, risk mitigation, fraud detection, and regulatory compliance across various sectors—enabling frictionless and secure commerce.

About MeridianLink

MeridianLink, a respected name in the financial software space, provides comprehensive tools designed to empower institutions and CRAs. Their cloud-based solutions assist in growth initiatives, compliance, and improved user experiences for both staff and consumers. This reaffirms the integral connection between technology and background screening services.

Frequently Asked Questions

What is the purpose of the IDI and TazWorks partnership?

The partnership aims to enhance access to innovative identity intelligence solutions for the background screening industry, improving efficiency and reliability for CRAs.

How does idiTRACE™ benefit background screeners?

idiTRACE™ uncovers a potential applicant's address and alias history, simplifying the search process for screeners and improving accuracy.

What advantages does idiCRIM™ provide?

idiCRIM™ offers access to a national criminal history database, helping to reduce false positives and streamline internal background checks.

Why is the collaboration significant for CRAs?

This collaboration allows CRAs to leverage both IDI's comprehensive data and TazWorks' technology, resulting in faster verification and deeper insights.

What is IDI's focus as a company?

IDI focuses on innovative identity intelligence solutions, supporting risk mitigation, fraud prevention, and the effective identification of individuals and entities.

About The Author

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