95%
Drop in Application Fraud
The Story
Ready Capital Corporation, a leading publicly traded real estate finance company, faced significant hurdles in its hiring process. Lengthy manual identity verification cycles, coupled with a surge in sophisticated application fraud, strained HR resources, slowed down onboarding, and impacted the candidate experience.
To overcome these challenges, Ready Capital partnered with Trust Swiftly, implementing their automated Identity Verification (IDV) and Know Your Employee (KYE) platform. Trust Swiftly's solution introduced dynamic, role-based verification workflows and intelligent fraud detection tools capable of flagging suspicious applications early.
The results were transformative. Ready Capital saw a 95% drop in application fraud and slashed identity verification time by 85%, reducing processes from days to minutes. This efficiency led to a 25% faster overall time-to-hire and saved the HR team approximately 15 hours per week, allowing them to focus on more strategic initiatives.
Download the full case study PDF to learn more about:
The specific verification challenges Ready Capital faced.
The detailed features of Trust Swiftly's solution implemented.
How the automated workflows improved compliance and candidate experience.
Insights from Ready Capital's team on the successful partnership.
