Archives des Articles - Square Facts

We are excited to share that iCOVER Group has earned the ISO 9001:2015 certification. This international standard for Quality Management Systems (QMS) shows our commitment to quality in data processing and operational management. Our certification now covers all our locations and services, including iCOVER and Square-Facts.

What is ISO 9001:2015 Certification?

The ISO 9001:2015 certification is a global standard that sets requirements for a quality management system. It helps companies ensure they consistently provide products and services that meet customer and regulatory requirements. The certification covers many areas of our business, such as:

Data Authenticity Verification: Ensuring the authenticity of personal and business data.
Operational Management Services: Providing support through call centers, and online, and on-site data verification.
Global ID Verification: Offering remote ID verification services through KY Orchestra.
Fraud Investigations: Conducting detailed fraud analysis.
Reputation Assessments: Evaluating the reputation of individuals and businesses.

Enhanced Customer Satisfaction

With the ISO 9001:2015 certification, we can better meet our customers’ needs and improve service quality. Our clients can trust that we follow strict standards to ensure reliability and excellence in all our services.

Operational Efficiency

The certification helps us streamline our processes and reduce waste. This means we can save costs and boost productivity. Our efficient operations allow us to deliver services quickly and accurately, benefiting our clients.

Continuous Improvement

The ISO 9001:2015 certification focuses on continuous improvement. At iCOVER Group, we constantly refine our services to meet our clients’ changing needs. This commitment helps us stay ahead in our industry.

Risk Management

We use the certification’s guidelines to identify and manage risks systematically. This ensures our operations are secure and reliable. By managing risks effectively, we protect our clients’ assets and maintain compliance with regulations.

Market Credibility

Achieving the ISO 9001:2015 certification boosts our credibility in the market. It enhances our reputation and attracts new clients. Clients can trust that they are working with a reputable and reliable company.

Commitment to Ongoing Excellence

The ISO 9001:2015 certification requires annual audits to maintain it. We see this as an opportunity to keep improving our quality management systems. Our ongoing commitment ensures we meet and exceed industry standards.

Join Us on Our Journey of Excellence

We invite our clients and partners to join us as we continue our journey of excellence. With our ISO 9001:2015 certification, iCOVER Group is committed to providing top-notch services that reduce risk, protect assets, and ensure compliance. Our reliable background screening, monitoring, and due diligence services are designed to make your life easier.

We look forward to serving you with the same level of excellence that earned us the ISO 9001:2015 certification.

BankTech Day 2024, held on June 13 in Paris, emerged as a pivotal event in the financial sector, curated by Finance Innovation. This inaugural conference brought together banks, fintech firms, institutional bodies, and industry stakeholders to explore cutting-edge trends, technological advancements, and strategic challenges shaping the banking ecosystem.

Recap: BankTech Day 2024 - Insights and Innovations

Key Themes Explored at BankTech Day

BankTech Day 2024 focused on four critical themes:

New Banking Models: Innovations and Diversification

The event highlighted banks’ ongoing innovations and strategies for diversifying their services in response to market dynamics. Discussions centered on fostering collaboration within the financial ecosystem, adapting business models to evolving demands, and leveraging emerging technologies to drive resilience and growth.

Technology and Customer-Centric Strategies

In a competitive landscape, banks showcased advancements in technology to enhance customer experiences. BankTech Day explored how AI, data analytics, and machine learning are reshaping customer interactions while balancing automation with personalized service delivery.

Operational Efficiency and Performance Optimization

Efficiency remains pivotal for sustainable banking operations. Experts at BankTech Day discussed growth drivers for banks, including the implementation of scalable technologies and best practices for optimizing operational performance across various banking functions.

Banks’ Social Responsibility

BankTech Day underscored the role of banks in addressing societal challenges alongside financial objectives. Discussions highlighted strategies for banks to integrate corporate social responsibility (CSR) initiatives, contributing to sustainable development and societal well-being.

Square Facts' Impact at BankTech Day 2024

Square Facts was proud to participate in BankTech Day 2024, where we showcased our expertise in enhancing regulatory compliance through technological innovation. Our presence underscored our commitment to driving industry dialogue on compliance challenges and solutions. During the event, attendees were able to explore our latest advancements in compliance technologies and engage with our team of seasoned analysts.

Connecting with Square Facts

For organizations seeking reliable compliance solutions and strategic partnerships, Square Facts invites you to connect with our team. Learn more about how our customized data reports and advanced technologies can support your compliance objectives and enhance operational efficiency by booking a demo here.

Conclusion

BankTech Day 2024 was a significant milestone for Square Facts, reinforcing our commitment to innovation and excellence in regulatory technology. We look forward to continuing our journey of empowering organizations with cutting-edge solutions that ensure regulatory compliance and operational success.

In today’s rapidly evolving business landscape, navigating the intricacies of risk and compliance management requires a nuanced understanding of regulatory frameworks, coupled with strategic foresight.

We recently hosted a webinar, delving deep into the multifaceted realm of risk and compliance. With a lineup of esteemed speakers and engaging discussions, the event provided a comprehensive exploration of key trends, challenges, and innovative solutions shaping the industry.

Illuminating the Path: Insights from Expert Speakers

Session 1: Handling Complexity in Compliance: A Human Approach to Risk

Led by Metodi Pachev, our Head of Risk & Compliance Operations, the first session served as an exploration of the complexities inherent in risk management. Metodi, drawing from his extensive experience and expertise, offered insights into emerging trends and challenges reshaping the compliance landscape. Through compelling anecdotes and practical examples, attendees gained a deeper understanding of the evolving regulatory environment and the importance of adopting a human-centric approach to compliance.

Session 2 : Practical Industry Case Studies – Diane Shepherd

Diane Shepherd, our Director of Strategy & Business Development, took center stage in the second session, bringing theory to life through a series of insightful industry case studies. With a keen focus on real-world scenarios and tangible solutions, Diane showcased our product offerings in addressing compliance challenges across various sectors and regions. Attendees were treated to a wealth of actionable strategies and best practices, empowering them to navigate regulatory complexities with confidence and precision.

Engaging with Experts: A Dynamic Q&A Session

The webinar culminated in a dynamic Q&A session, providing attendees with an opportunity to engage directly with our speakers, Metodi Pachev and Diane Shepherd. From probing questions on decentralized finance to inquiries about the future of compliance technology, the session was marked by lively discourse and illuminating insights. Metodi and Diane, drawing from their wealth of knowledge and experience, offered nuanced perspectives and practical advice, further enriching the webinar experience for participants.

Question 1: Decentralized Finance (DeFi) Demystified

Q: Could you kindly elaborate on what is meant by Decentralized Finance (DeFi)? Do you mean BaaS?

A : During our webinar, we referenced the U.S. Department of the Treasury’s 2023 Illicit Finance Risk Assessment of Decentralized Finance report, which highlights the absence of a universally accepted definition or understanding of DeFi. However, the report adopts the definition of DeFi as “virtual asset protocols and services that purport to allow for some form of automated peer-to-peer transactions, often through the use of self-executing code known as smart contracts based on blockchain technology.”

In simpler terms, DeFi encompasses systems facilitating the creation, management, and peer-to-peer exchange of virtual assets through programmable contracts that execute automatically based on predefined conditions, utilizing blockchain technology. One example of such systems is decentralized lending platforms, where users can earn interest on their deposits (e.g., cryptocurrency) and borrow funds without involving traditional financial institutions.

Despite its growth, DeFi is susceptible to money laundering due to the lack of enforced KYC procedures. This vulnerability underscores the importance of discussing DeFi in our webinar, considering its significant impact on the financial landscape in recent years.

Question 2: Justification of Increased Difficulty in Identifying UBOs

Q: Is the increased difficulty in identifying UBOs, due to privacy regulations justified in your opinion? On one side, exposing business owners information publicly presents as a risk for them. With that in mind, they are fully able to take action to mitigate this risk. On the other side, bad actors can take full advantage of these regulations to cover their history. – We cannot mitigate this risk, unless we prove that we have « interest » In knowing the information.

A: We acknowledge the challenges in establishing legitimate interest for accessing UBO information, particularly following the recent ruling by the Court of Justice of the European Union. In the absence of clear guidelines on what constitutes legitimate interest, transparency becomes even more vital for a well-functioning economy, where accountability is paramount. Without transparency regarding UBOs, effective sanction programs and risk management become difficult to implement.

However, it’s essential to recognize that even seemingly transparent systems may conceal the true beneficiaries. Therefore, we advocate for an analytical approach that connects various actors and sheds light on stakeholders who may operate in the shadows. Central to this approach is a critical review of the facts, and asking questions such as:

Does this align logically?

Does the stated purpose of an undertaking or transaction match its actual outcome?

Who stands to gain the most from this arrangement?

This method enables a deeper understanding of complex financial structures and helps identify potential discrepancies or irregularities.

Question 3: Benefits of On-Site Visits in a Digital World

Q: Do you believe that on site visits are beneficial for overall risk assessments of a subject in an increasingly digital world?

A: Site visits have become even more beneficial in this increasingly digital world than they were before. The acceleration of the internet’s prominence in businesses’ day-to-day operations has made companies overly reliant on online sources when it comes to administrative tasks, including verifying information. This may have created a false sense of security, of which we should beware of.

Information has indeed become more accessible and exhaustive through digitalization: online registries, online information request forms, videos, etc. The range of possibilities has expanded thanks to technological progress. However, this same progress has also enabled the development of sophisticated ways to trick the systems in place, to fake the information, or to sidetrack its access.

On-site visits and inspections remain unaffected by this downside, thus being a great way to verify information in an indisputable manner. Agents physically going to a location to confirm that a business is indeed operating from there and providing evidence gathered in situ is the key to remaining impervious to deceiving online tactics that might be used by third parties (customers, vendors, etc.) when engaging in a contractual relationship.

Companies are still required to have a physical address, so on-site visits remain a key means of verifying if a business is real and operating (for a comprehensive risk assessment).

Key Documents Referenced

Empowering Compliance in a Transformative Era

As we reflect on the insights shared and lessons learned, it becomes evident that effective risk and compliance management are indispensable components of organizational success in today’s dynamic business landscape.

Our masterclass webinar not only provided attendees with knowledge and practical strategies but also underscored the importance of collaboration, innovation, and a human-centric approach in navigating regulatory complexities. As we continue our journey towards a safer, more secure future, let us remain steadfast in our commitment to embracing these principles and driving positive change within our organizations and beyond.

Certification Standard of Excellence

iCOVER Group proudly announces a significant stride in its journey of standard excellence: iCOVER Group has successfully obtained the ISO 27001:2022 certification by extending the scope of the certificate, covering all our locations and iCOVER and Square-Facts services. This globally recognized standard for Information Security Management Systems (ISMS) reflects our dedication to ensuring the highest standards of security and confidentiality.

Strengthening Data Security Protocols

The ISO 27001:2022 extended scope certification brings several advantages, including enhanced information security, increased trust from clients and partners, and a commitment to continuous improvement.

This globally recognized certification serves as a testament to our unwavering commitment to safeguarding sensitive data with the utmost diligence and vigilance. It reflects our dedication to ensuring the confidentiality, integrity, and availability of our clients’ information assets.

Redefining Standards with ISO 27001

ISO 27001 sets forth rigorous criteria for information security management systems (ISMS). By successfully extending our certification scope to align with the latest 2022 version, we demonstrate our capability to mitigate risks, fortify resilience against potential threats, and uphold the integrity of critical information assets. This certification not only validates our efforts but also sets a new benchmark of excellence within our industry.

Experience the Enhanced iCOVER Advantage & Continued dedication to Excellence

For enterprises seeking unparalleled excellence in pre-employment screening and compliance solutions, iCOVER Group stands as your trusted partner. Embrace the enhanced iCOVER advantage today and elevate your standards with confidence and assurance. Join us as we continue to redefine and uphold the highest standards of quality and integrity in our industry.

As we mark this significant achievement, we remain steadfast in our pursuit of excellence, innovation, and client-centricity. Our journey does not culminate here but rather serves as a catalyst for continued improvement and advancement. We extend our sincere gratitude for the trust and support of our clients and reaffirm our commitment to exceeding their expectations at every opportunity.

In the ever-evolving landscape of risk and compliance management, organizations are continuously challenged to adapt to dynamic regulatory environments while mitigating potential threats. At the heart of this endeavor lies the pursuit of excellence – a quest to not merely comply with regulations but to proactively anticipate and address emerging risks.

At Square Facts, we firmly believe that true mastery in risk and compliance management transcends mere adherence to rules and regulations; it embodies a philosophy of proactive risk mitigation and strategic foresight. With this ethos in mind, we are proud to present our upcoming webinar: « A Masterclass in Risk & Compliance Management.«

Fostering a Culture of Excellence

Our webinar seeks to foster a culture of excellence by providing attendees with unparalleled insights into navigating the complexities of risk and compliance management. Led by industry stalwarts Metodi Pachev and Diane Shepherd, this masterclass promises to be a beacon of thought leadership in an increasingly intricate landscape.

Session 1: Handling Complexity in Compliance: A Human Approach to Risk

Embark on a journey with Metodi Pachev, our head of risk and compliance operations to explore the most recent and prevalent trends taking place in risk & compliance management. This masterclass from Metodi will delve into the increasing complexities that are presenting themselves for you to manage your practices with real-life challenges and examples. Let’s take a deeper look at what will be discussed:

A 360-degree view of the current compliance landscape.
Anti Money Laundering & Combating Finance of Terrorism: Existing terrorism threats, Sanctions, Decentralized and fraud-related finance and detection, transparency in sanctioned and non-sanctioned global territories, beneficial ownership, and associated regulations.
Obstacles to effective compliance: How to access information and source access in evaluation against time, price, and quality.
Measurements and effective analysis: Reviewing the array of sources of information available and how to ensure reliability on the information.
The failure of one size fits all solutions.
Handling complex sources: The requirement to handle risk levels depending on many factors and not only open available source research.

Session 2: Practical Industry Case Examples to Solving Risk & Compliance Challenges through Square Facts Product Solutions

Diane Shepherd will showcase practical industry case examples demonstrating how Square Facts’ product solutions effectively address risk and compliance challenges. Let’s explore:

Renewable Energy Case Study: Solving challenges for a company with geographical requirements in Europe and Africa.
Real Estate Case Study: Screening potential partners and clients in Western Europe with sophisticated due diligence.
Multinational Conglomerate Case Study: Customized enhanced due diligence product approach combining open-source research and human intelligence.
A demonstration of Square Facts’ product solution suite and a one-time free 15-minute business evaluation booking opportunity with our experts Metodi & Diane.

Session 3: Questions & Close - Metodi Pachev & Diane Shepherd

We will conclude by addressing audience questions, providing further insights, and closing remarks from our experts.

Charting a Course for the Future

As we stand on the cusp of a new era in risk and compliance management, it is imperative that organizations equip themselves with the knowledge and tools needed to thrive in an ever-changing landscape. Through our thought leadership webinar, we aim to empower attendees to chart a course for the future – one defined by excellence, innovation, and unwavering commitment to integrity.

Join Us on February 29th, 2024

We invite you to join us on February 29th, 2024, as we embark on a journey of discovery and enlightenment. Together, let us unlock the secrets of effective risk and compliance management and pave the way for a brighter, more resilient future.

Register Now to Secure Your Seat

Don’t miss out on this unique opportunity to gain invaluable insights and connect with industry leaders. Register now to secure your seat at our Masterclass in Risk & Compliance Management and take the first step towards excellence.

We are delighted to share our insights from our participation in the UK Finance’s Fraud Technical Briefing, convened on January 29, 2024, in London. This distinguished event provided a valuable platform for industry leaders to converge and explore the latest advancements and strategies in combating financial fraud.

Exploring Innovative Approaches to Fraud Prevention

At Square Facts, we recognize the imperative of remaining abreast of emerging trends and technologies in the compliance landscape. Our Director of Strategy and Partnerships, Diane Shepherd, represented our steadfast commitment to excellence at this significant gathering.

Throughout the briefing, discussions centered on harnessing technological innovations to strengthen fraud prevention measures. From leveraging open-source intelligence to advanced text mining and facial recognition technologies, the discourse underscored the pivotal role of these tools in enhancing regulatory compliance frameworks.

Our participation at the UK Finance’s Fraud Technical Briefing reaffirms our commitment to empowering businesses with the tools and insights necessary to navigate the complex landscape of financial compliance.

As the regulatory landscape continues to evolve, Square Facts remains resolute in our mission to deliver tailored solutions that empower our clients to navigate intricate compliance challenges with confidence. Our engagement in forums such as the UK Finance’s Inaugural Fraud Technical Briefing reaffirms our commitment to driving industry-wide progress through collaboration and innovation.

Would you like to delve deeper into Square Facts and explore our comprehensive suite of compliance solutions?

In a recent exclusive interview with Village de la Justice, Square Facts, the Risk and Compliance division of iCOVER, unveiled its innovative strategies and advanced technologies in the fight against recruitment fraud. Antoine Andrieu, Director of Anti-fraud at Square Facts, discussed the rising challenges posed by document fraud in the hiring process and shed light on the company’s methodologies to combat this global issue.

Understanding the Landscape:

Antoine begins by emphasizing that documentary fraud in recruitment stands as the fourth most common form of fraud worldwide, trailing only behind fraudulent bank account openings. The motives behind such fraud vary widely, from economic constraints forcing foreign workers to falsify documents to potential threats posed by individuals with malicious intentions seeking employment in sensitive sectors.

The Scale of the Issue:

Antoine sheds light on the prevalence of fraud, citing a global fraud rate of 3% for forged driver’s licenses alone. The problem extends beyond licenses to include diplomas, certificates, and criminal records. Fraudulent means range from websites generating fake ID images to physically fraudulent documents registered with authorities, often costing thousands of euros.

Innovative Countermeasures:

Antoine details the methodologies employed by Square Facts in combating fraud. For recruitment, the company collaborates with clients towards the end of the hiring process, obtaining written consent from candidates. Their approach involves analyzing documents alongside data verification, including checks against KYC databases and cross-referencing with publicly available data like electoral rolls.

Additionally, Square Facts is developing advanced verification methods, such as « face matching » via cameras or phones, akin to security measures employed by banks during account openings. For critical positions and shareholder profiles, the company conducts comprehensive compliance checks, including searches on sanction lists, affiliations with competitors, and adverse media analysis.

Village de la Justice Recognition:

Being featured in Village de la Justice, the premier platform for legal professionals with 1.5 million monthly readers, signifies Square Facts’ commitment to sharing expertise and contributing to the legal community. The interview sheds light on the company’s dedication to combating fraud, protecting businesses from reputational risks, and ensuring compliance with precision.

Conclusion:

Square Facts’ recognition by Village de la Justice amplifies its position as an industry trailblazer, successfully blending expertise, cutting-edge technology, and a commitment to combating fraud in the realm of risk and compliance. As document fraud continues to be a global concern, Square Facts stands ready to safeguard businesses with its innovative solutions and industry-leading compliance services.

Connect with Village de la Justice to access the full and stay informed on the latest legal insights.

Entering the second day of PrivSec Global on November 30, 2023, Square Facts maintains an active and influential presence in the crucial discussions surrounding privacy, security, and governance, risk, and compliance (GRC). More than mere representation, our role is a strategic commitment to steering and shaping the ongoing narrative on data protection and compliance.

PrivSec Global: Confluence of Excellence

In an era where data protection regulations are tightening their grip and technology is the lifeblood of operations, PrivSec Global emerges as a beacon for professionals navigating the intersections of privacy, security, and risk management. The conference isn’t just a gathering—it’s a crucible of knowledge, where professionals converge to learn, debate, and stay ahead of the curve in these critical domains.

With a lineup of over 80 speakers across 24 sessions, the conference promises a deep dive into the pressing and intricate challenges of the data protection, privacy, and security sectors.

Square Facts Unveils Insights: Beyond Presence to Contribution

For Square Facts, participation at PrivSec Global isn’t a passive act; it’s about actively engaging in discussions that reveal the interconnected skills crucial to privacy, security, and GRC.

As we navigate the second day of PrivSec Global, we anticipate more enriching dialogues, profound insights, and valuable connections. Stay tuned for live updates as Diane Shepherd, representing Square Facts, shares our expertise, adding our unique perspective to the ongoing narrative of data protection and compliance excellence.

November 28, 2023

In the ever-evolving landscape of document fraud prevention, the Céréales Fraudeurs Breakfast, hosted by Finovox, emerged as a pivotal gathering for the anti-fraud community. On Tuesday, November 28, 2023, the Théâtre Mogador set the stage for an enlightening morning dedicated to combating document fraud. iCOVER Group, a stalwart in background screening, pre-employment screening, and risk & compliance, was not just in attendance but played a crucial role in shaping the discourse.

Distinguished Presence from iCOVER Group

At the forefront of our representation was Antoine Andrieu, our esteemed Head of Fraud Solutions. His wealth of experience and expertise positions him as a thought leader in the realm of fraud prevention. The event provided a unique platform for sharing insights, strategies, and collaborative efforts in the ongoing battle against document fraud.

The Essence of the Event

The Céréales Fraudeurs Breakfast was more than a mere congregation of professionals; it symbolized a united front against document fraud across diverse sectors—banking, insurance, real estate, and beyond. The morning commenced with an enlightening overview of document fraud in France by Marc de Beaucorps, CEO of Finovox, setting the stage for a day filled with impactful discussions.

A highlight of the event was the engaging round table titled « 2023 Review and Anti-Fraud Challenges for 2024. » This session brought together luminaries such as Antoine Andrieu, Anthony Jabre of Malakoff Humanis, Anne-Lise Escoffre of BNP Paribas, and Luc Thilliez, CEO of Goodliz. The comprehensive review and foresight into the challenges of the upcoming year provided attendees with a strategic roadmap to fortify their defenses.

The event concluded with a networking session, allowing professionals to forge valuable connections and exchange ideas. Against the backdrop of collaborative discussions, a sumptuous breakfast added a touch of conviviality to the serious business of fighting document fraud.

iCOVER Group Ongoing Commitment

Our participation in the Céréales Fraudeurs Breakfast reflects iCOVER Group ongoing commitment to staying at the forefront of the fight against document fraud. As pioneers in background screening, pre-employment screening, and risk & compliance, we understand the imperative of continuous collaboration and knowledge exchange in an ever-evolving threat landscape.

In the spirit of the event, iCOVER Group remains dedicated to advancing not only our solutions but also the collective resilience of the anti-fraud community. We extend our gratitude to Finovox for orchestrating a truly insightful and impactful event.

The Céréales Fraudeurs Breakfast has not just been an event—it’s a milestone in the collective endeavor to fortify our defenses against document fraud. iCOVER Group remains steadfast in its mission to empower organizations in safeguarding their interests through cutting-edge document fraud prevention solutions.

[PARIS, November 14, 2023] — Today, iCOVER Group was pleased to announce the launch of a sustained initiative to invest and expand its presence in Background Screening markets by gaining access to key networks and relationships throughout the Asia Pacific region. The company is highly convinced by the long-term dynamism and commitment to high standards in screening & compliance within this region and has signaled its intentions by setting up an integral office location within Singapore, at 5 SHENTON WAY #22-04 UIC BUILDING SINGAPORE (068808). The Accounting & Corporate Regulatory Authority also reports the official private limited company incorporation of ICOVER ASIA PTE.LTD., as a live and active company with the objective of developing regional data access and commercial relationships. Furthermore, iCOVER Group is also on the periphery of incorporating a nearby office in Vietnam, Ho Chi Minh for processing operations and strengthening sourcing capabilities in order to support operations in Asia.

Now, more than ever, companies in this industry require integrated global-local services, which pair up the global view with very specific local solutions that enable compliant and relevant practices to be carried out accordingly to specification. This significant investment by iCOVER Group signals intent to be part of one of the most important and dynamic screening industries in the world and James Osborn, CEO of the iCOVER Group added: “We are really excited to chart and deliver another phase in our business story by ensuring that our existing clients and future clients have the best possible background screening, risk & compliance solutions available in any region in the world. We know that means local relationships , networks, services and solutions and we are committed to supplying this for better customer experiences as our journey now takes us to the Asian region. Our Risk & Compliance division, Square Facts complements perfectly our strong offering with Third Party Due Diligence solutions, to ensure there is a joined up approach and we can’t wait to start helping clients with even more integrated and tailored solutions”.

The Asia Background Screening market specifically is projected to reach 2.2 Billion USD by 2028 showing an estimated growth of 12.4 % from 2023 to 2028, whereas the Risk & Compliance arena is set to explode and reach 15 Billion USD by 2028.

Employment screening has become routine in Asian countries owing to the extension of internal policies in multinational organizations and implementation of best practice processes in local operations. The region has been attracting a large number of businesses striving to expand existing operations. The rapidly increasing population of young and highly skilled professionals is anticipated to generate significant demand for regional screening services. Based on end-user industry, the Asia Pacific employment screening services market is segmented into IT & Telecom, BFSI, government agencies, travel & hospitality, manufacturing, retail, healthcare, and others. The IT & Telecom segment held the largest share of the Asia Pacific employment screening services market in 2023.

This move comes at a time when the company has also invested heavily in its product technology and innovation through solutions development, and integrated API’s to streamline processes. The company has spent over 5 million euros into upgrading the Information Technology infrastructure. It also comes at a time where the iCOVER Group General Counsel, Alice Quinones takes up a prominent position as Chair of the PBSA’s (Professional Background Screening Association) Europe Council and furthermore coincides with new senior industry expert hires for the USA market including President of USA, iCOVER Group, Bon Idziak and Vice President of USA, iCOVER Group, Joan Grondin, both of whom are vastly experienced in this arena.

On May 15, 2023, the company also announced a supporting investment into its capital from the prestigious bank BNP Paribas, major player in the financial sector, with a participation of 17%. This operation marked an important step for iCOVER Group, strengthening its positioning as a compliance specialist and opening up new growth prospects such as this foray into the Asian market.

You can meet the iCOVER Group expert team at the forthcoming PBSA Singapore event PBSA APAC AGM on 30th November to December 1st 2023.

About iCOVER Group

iCOVER Group is a global leader in Background Screening & Compliance Services with an impressive 20 years of local expertise as a robust and tailor-made data provider with offices in France (HQ), Mexico, Switzerland Tunisia, Morocco, Bulgaria, India, United Kingdom, USA, and Singapore. iCOVER Group provides high-quality Third-Party Background Screening, Monitoring, and Due Diligence services across several categories including Credentials: Employment History, Education History, Professional Licenses, Designated References. Identity: ID Checks, Driving Licenses, Visa/Right to Work, Address Checks. Integrity: Criminal History, Adverse Financial, Bad Payment History, Insolvency & Bankruptcy, Civil Litigation. Reputation: Adverse Media Search, Media Criminal, Media Reputation, Directorship Checks, Social Media Search and Risk/ Compliance: Third-Party Screening, Enhanced Due Diligence, On-Site Visit/Inspection, Status Checks.

The company conducts extensive research on both individuals and legal entities, leveraging Open-Source Intelligence (OSINT) and therefore providing essential information to minimize risks, maintain compliance and ensure informed decision-making. iCOVER Group has developed its screening methodologies as an expert of Validation, Verification and Search in particular.

At iCOVER Group, advanced technologies are combined with human expertise to provide structured reports. This allows clients to benefit from peace of mind regarding their future recruitment and business partnerships. All-in-one solutions mean customers can pursue their growth opportunities with complete confidence. For more information: www.icover-services.com

-END- Word count; 930

Contact

For more information regarding this Press Release, you can contact:

Lee Anderson
Director of Marketing & Communications – iCOVER Group

Mail: landerson@icover-services.com