Quinfy: A Trailblazer of Background Verification Realm

Aashish Singh,CEOWith the constantly transforming Indian background verification domain coupled with rapidly shifting workplace dynamics and a diverse & multifaceted workforce the background verification partners must leverage disruptive technologies and processes to stay one step ahead and in sync with the business. AI, ML, and Blockchain are a few technologies poised to change the concept of how the background verification function evolves in India. Having battled long and hard with Covid, India is in a recruitment overdrive now, competing with foreign giants for the best Indian talent. According to Allied Market Research, the global employment screening services industry valued at $4.95 billion in 2020 is growing exponentially, expecting to rise to a whopping $9.92 billion by 2028, registering a CAGR of 9.2 percent during 2021-2028. At exciting times like these, Quinfy an HR tech startup was launched to ride the technology wave with a future ready global trust platform. The platform will enable all the participating employers to leverage the benefits of a network effect on the trusted platform, including trusted data security & paperless and presence less processes.

The Gurgaon-based company’s unmatched expertise lies in using new gen technology tools like Artificial Intelligence, Machine Learning, and Blockchain to provide global clients with cost effective background verification solutions which considerably
reduce the TAT and eliminate data privacy risks. The company leverages cutting edge technology tools to create an interface between the previous employer and the prospective one with a standardized, secure, and holistic technology driven process. It is also pioneering a concept known as ‘continuous background verification’ where a candidate if once registered in the platform, his/her’s entire career path can be tracked and stored on the platform. In case of employment changes, the latest checks can be incorporated into the platform. This will have a ripple effect on the organization’s employee experience score, obviating the need for unneeded rechecks. This one-stop solution forms a global trust platform that aggregates the entire information and data which is validated, authenticated, and kept confidential. “Armed with cost effective, digitalized, and tech enabled a la carte and package BGV solutions, we specially target midsize organizations and startups as we can provide authentic verification with technology and speed at an affordable cost. Our global trust platform enables quick client onboarding with minimal/no onboarding costs, thus also enabling us to support all sizes of organizations across industries effectively,” says Aashish Singh, CEO, Quinfy.

Quinfy an HR tech startup was launched to ride the technology wave with a future ready global trust platform

The Niche Quinfy Offer
The niche features speak volumes of the edge Quinfy offers to its customers.The NASSCOM 10,000 Startup has raised the bar to a new height by providing a services portfolio, including employment screening, professional reference, criminal record check, social media checks, financial credit, SAM, Aadhaar verification, and many more. The ISO9001, ISO 27001 and DIPP(Government of India) certified company also bring to the table the best of the three products under the same roof. One is ‘QuinBlock’, which is a private Blockchain based continuous verification product for B2C customers to ensure high security of personal data. The second is an AI-based virtual onboarding platform ‘QuinAI’. And, the third is a SAAS known as ‘Quin Plus’, which is a user friendly module for B2B clients. “The use of technology is what differentiates us from our competitors, while innovation is what puts us ahead of them. Innovation with integrity is what defines us as a new gen BGV company,” adds Aashish. Having already established a presence in the U.S. and the middle east, further expansion into East Asia & the European market, and upgrading its product portfolio are some of the wishes in its pipeline.