Instaverify PRD

Purpose and Vision

InstaVerify is a comprehensive verification platform designed to enhance trust and transparency across various domains. The product provides tools for verifying individuals and entities, including consumers, employees, employers, and matrimonial prospects. InstaVerify aims to empower users with reliable and actionable verification insights to support critical decisions, ensuring accuracy and trustworthiness.

Target Audience

• Consumers seeking verification of potential matrimonial alliances
• HR Teams and employers needing to validate employee credentials and backgrounds
• Employees or candidates validating potential employers for compliance and legitimacy
• General users require transparent verification processes
• Sellers interested in selling their real estate properties
• Buyers interested in verifying the legitimacy of the property and the seller
• Franchisors for verifying potential franchise takers
• Franchisee for verifying legitimacy of Franchisor

Core Features

1. Employee Verification

• Objective: Ensure organizations can validate the background and qualifications of their employees.
• Key Functionalities:
  • Background checks covering employment history, and criminal records
  • Verification against EPFO contributions and compliance
  • Assessment of court and tribunal case records for legal issues

Checks	Source	Data Required for this Check
Employment Verification	NMC, ICAI, BCI, EPFO	Profession ID (CA, doctor, lawyer) Company name
Work Experience Verification	EPFO	Company name
Criminal Records	SC, HC, Delhi Court, District Courts	Full name, Father name, DOB
DIN Verification	MCA	Full name, DOB

2. Employer Verification

• Objective: Enable individuals and partners to confirm the legitimacy and compliance of employers.
• Key Functionalities:
  • Verification of company registration (CIN) and GST filings
  • Assessment of compliance with statutory filings, EPFO contributions, and adverse media
  • Review of litigation records to identify any legal disputes or liabilities
  • Assessment of financial health using publicly available turnover and credit data
  • Assessment of adverse media to understand company culture, employee-related news, lay-offs, etc.

Checks	Source	Data Required for this Check
MCA Corporate structure - Directors	MCA	Company name or CIN
Turnover - Growth	GST Turnover	Company name or CIN
Financials	MCA	Company name or CIN
Employees count	EPFO	Company name or CIN
GST compliance	GST	Company name or CIN
Adverse Media - layoffs & employee related news	Google and Acuris	Company name or CIN
Litigations - company and Directors	SC, DC, HC, Delhi courts	Company name or CIN
Business type	MCA	Company name or CIN
Business status	MCA	Company name or CIN
Contact number	MCA	Company name or CIN
Email	MCA	Company name or CIN
Address	MCA	Company name or CIN
Connected parties	N/A	Company name or CIN
Associated companies hits	N/A	Company name or CIN

3. Matrimony Verification

• Objective: Provide checks to ensure transparency and trust in matrimonial alliances.
• Key Functionalities:
  • Employment and financial stability checks
  • Screening for any PEP, litigation, or criminal records
  • Validation of employment, assets and qualifications

Additional Features

• More Verifications
  • More Verifications and checks for building a comprehensive Verification platform
  • Verifications like Real Estate Seller, Real estate buyer, Lease and Rental property verifications, additional checks for matrimony verification etc.
• Scalability:
  • Capable of handling bulk verification requests for large organizations
  • Real-time APIs for seamless integration with third-party systems
• Document Repository:
  • Secure storage for all documents uploaded during verification
  • Accessibility and versioning to track updates or changes
• User Dashboard:
  • Intuitive interface displaying verification results
  • Insights and analytics for better decision-making
• Customizable Reports:
  • Generate detailed verification reports tailored to user requirements
  • Provide categorisation or summaries for quick understanding

Technical Requirements

• Data Sources:
  • EPFO
  • Court and tribunal records
  • District Courts Data
  • Media and news archives for adverse media screening
  • Credit data sources such as CIBIL