The human excellence knows no bounds, and yet there hasn’t been a better representation of the same than our tendency to grow on a consistent basis. We can say this because the stated tendency has already fetched the world some huge milestones, with technology appearing as a rather unique member of the group. The reason why technology’s credentials are so anomalous is purposed around its skill-set, which was unprecedented enough to realize all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole runner was also very much inspired by the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence and made it the ultimate centerpiece of every horizon. Now, having such a powerful tool run the show did expand our experience in many different directions, but even after reaching so far ahead, this prodigious concept called technology will somehow keep on delivering the goods. The same has grown to become a lot more evident in recent times, and assuming one HRM-themed development pans out just like we envision, it will only propel that trend towards greater heights over the near future and beyond.
Truework, a leading provider in verification of income and employment (VOIE) in the US, has officially launched a new verification automation tool for employees, employers, and payroll providers, called Truework Guardian, which like the suggests, is here to take the baton from those manual verification procedures. According to certain reports, the stated solution comes well-equipped with an ability to scale verification to thousands of employers, and notably enough, it does the job without making any sacrifices whatsoever on fronts like transactional speed, data security or the overall user privacy. The last bit is significant, as Truework Guardian enhances employee data protection through unique risk scoring on every request. This, in particular, is achieved using Truework’s proprietary Transactional Risk Scoring system. You see, owing to the system in question, payroll providers and HCMs can seamlessly set hard thresholds for which verifications are to be auto-approved and which should require authorization from a human employee. Such functionality might just mark a turning point for the HRM space, considering how, before Guardian, many verification providers would automatically approve verification requests without a proper risk assessment, therefore increasing the chances of something like fraud or identity theft.
“Helping protect employee data while accelerating high-impact financial transactions, like buying a home, is at the core of Truework’s mission,” said Ryan Sandler CEO of Truework. “With Guardian, payroll providers finally have the ability to automate verifications for every employer using risk-based insights to flag potentially fraudulent requests. This provides the best possible employee and employer experience.”
Although pretty extensive in its operation, Guardian isn’t Truework’s first ever attempt at bolstering your payroll operation. Back in 2021, the company released for the wider public a solution called Payroll Network, which empowered payroll providers to customize data sharing settings for employers and employees on their platform. The value proposition here was geared towards improving data transparency and control. Anyway, one can validate the efficacy of this solution, and other similar efforts from the company, by acknowledging that, in 2023 alone, Truework has onboarded 3 new payroll partners into its instant data network. These partners come with a combined workforce of more than 8 million employees. Available to around 48 million employees spanning across some of the largest payroll systems in the country, the indicated reach is fully-complimented in Guardian’s case.
“Requiring additional employee authorization on a high-touch transaction like applying for a mortgage adds unnecessary friction because the employee has already provided consent,” added Sandler. “With Guardian, we analyze unique risk insights based on the reputation of the verifier, the classification of the verifying institution, as well as IP address and other data points to only require additional authorization when the risk of fraud is elevated.”
