BFSI Sector Shows Discrepancy Trends in Q2-24.

Bengaluru, Oct 24, 2024 -- First Advantage Corporation (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, announces the publication of its Q2 2024 India Employment Screening Trends Report. The 33-page document is a compilation of anonymized data and analytics from the Company’s background screenings performed for its customers in the Indian market during the second quarter of 2024.

In Q2-24, Industries such as BFSI, BPO, E-commerce and Logistics, Manufacturing and Retail sectors had discrepancies percentages that are much higher than the overall average of 8.15 percent.

In the Second quarter of 2024, there was a noticeable rise in discrepancies in the employment sectors of BPO, FMCG and Staffing compared to the previous quarter. Similarly, education discrepancies were higher in the BFSI, Manufacturing, Retail and E-commerce & Logistics industries. Employment verifications saw a shift, with sectors like BFSI, Consulting, Engineering & Infra, Manufacturing, and Services increasingly favoring alternate modes of verification. This trend highlights evolving industry practices and the growing emphasis on thorough background checks.

For queries please contact: Deepashri Sunder on deepashri.sunder@fadv.com