Background Verification
You may need the address of the person for a KYC, or before issuing a loan or providing any other financial or HR related service. Address verification can be more important if a person tends to have multiple contact points. Also, if the person you are dealing with knows that his or her address is being verified through a professional agency, he or she is less liable to commit fraud or present inaccurate information.
Address verification may include finding whether the address actually exists or not, or whether the person stays at the address he or she mentioned. He or she may have rented the place in the past and if yes, what was the experience of the tenant? We can also find out whether the place of residence is owned or rented by the person who has submitted the address.
