Statfin | Solutions | Field Verification Reports

FIELD VERIFICATION REPORTS (FVR)

Field Verification uncovers the real circumstance by identifying any discrepancies or misguidance posed by individuals or business establishments.

About FVR

What are Field Verification Reports?

Field Verification is a ground/on-site verification check that involves physical visits and checks on the numerous aspects to have a precise, fact-based report that upholds the highest standards of integrity.

Performing a Physical verification enables authorities to produce evidence-based conclusions, which is effective for smooth business process, operations and growth.

Why is Field Verification Important?

Physical Verification: Ensures the accuracy of provided details through on-site inspections.
Fraud Prevention: Detects discrepancies and prevents identity or document fraud.
Operational Risk Mitigation: Reduces risks in onboarding by verifying addresses, assets, and credentials.
Compliance & Trust: Strengthens regulatory adherence and builds business credibility.

Key Features

Identity Verification

Identity Verification verifies identity details like name, contact, address/location, registration details, rental agreement, license and GST details.

Business Verification

Details like Physical location and its geo-tagging, business existence and operation status, employee presence, workflow of process, operations and services and finally, infrastructure assessment take place.

Asset and Property Verification

Physical assessment of any assets and properties included, which are cross-checked with their respective documents and other paperwork.

Document Validation

Document validation check can be separately done to verify its credibility/genuineness and the legalities it holds to avoid legal and financial risks.

Fraud Detection and Risk Assessment

Field verification can enhance fraud detection and risk assessment by identifying fake setups and identities or other suspicious activities that pose high risks to a business concern.

Our Process

Request and Documentation

Pre-Verification Analysis

Physical Visit and Inspection

Collects Evidence

Report Submission and Client Review

Request and Documentation

Client can initiate a request for Field Verification and must submit documents for necessary checks.

Pre-Verification Analysis

An Investigator is assigned who checks and reviews the documents and prepares for on-site verification.

Physical Visit and Inspection

The Investigator visits the location and conducts on-site checks and interviews to cross-check and verify the data/information submitted.

Collects Evidence

He collects photographic evidence tagged with geographical location and statements from neighbours, local authorities or colleagues for further clarification and additional confirmation.

Report Submission and Client Review

The final report is generated, recording the verified details, evidence (photographs and statements) and any discrepancies or red flags found during the investigation.

F.A.Qs

What is a Field Verification check?

Who requires Field Verification Reports?

How long does a Field Verification take?

What documents are required for Field Verification?

What happens when an individual/organization’s officials are unavailable for a Field Verification?

What is a Field Verification check?

A Field Verification Check is an on-site verification of information to check accuracy and credibility and uncover ground truth that may mitigate risks and their effects to a business/organization.

What is a Field Verification check?

A Field Verification Check is an on-site verification of information to check accuracy and credibility and uncover ground truth that may mitigate risks and their effects to a business/organization.

Who requires Field Verification Reports?

Field Verification is highly essential for

Employers
Banks and NBFCs
Landlords and Property Managers
Businesses
Government and Law Enforcement

How long does a Field Verification take?

Since Field Verification requires a physical visit and the availability of the concerned individual/organization officials and further investigation of the third parties, it requires 2 to 3 business days to complete an FV. The report generation/submission may take another 1 or 2 business days to properly structure/present it.

What documents are required for Field Verification?

Proof of Identity (National/Government IDs, Passport, Driver’s License)
Proof of Address ( Utility Bill, Rental Agreement)
Employment Proof ( Offer Letter, ID Card, Salary Slips, Experience Certificate)
Business Proof (Registration Documents, License, GST details)

What happens when an individual/organization’s officials are unavailable for a Field Verification?

If an individual/organization’s officials are unavailable for a Field Verification, a reattempt will be made. But if the unavailability continues and any discrepancies are found, the report may be flagged or result in unverification.