In 2019 The Federal Trade Commission listed Identity Theft as the largest type of fraud. Combined with Imposter and Phone fraud this led to $1.9bn in fraud losses, while CIFAS reported 58% of cases linked to Identity Fraud.

How can real estate agents perform "Right-To-Rent" checks? Few possess the skills to differentiate between fake and real ID documents and would require current document templates. Scanners per office would be too costly and cannot handle remote identification.

As on-line #identitytheft is scalable, this issue will only grow in importance. Correctly identifying a person becomes the most important component is any KYC onboarding.

Industry Standard screening would pass many fake IDs impersonating a real person, as all the checks are performed on the real person! LetFaster offers the first Biometric ID and automated, tenant screening solution. Onboard remotely!

I'm attending TSAM Digital: London. RT if you think others will find this helpful 🙌 tsam-digital-london.heysummit.com

Top 10 Tenant Screening Risks #Lettings #IdentityFraud #BiometricScreening