Insights
January 28, 2025
•
5min

Accurate verification of income and employment

How Rollee supports verifiers in lending and background-check industries

Accurate verification of income and employment
Written by
Pauline Kletti
VP - Rollee
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Companies need performant verification solutions 

Verifying income, employment, and other individual credentials has grown in complexity,  and is still done manually in many industries, sadly occurring in a high mistake rate and inconclusive results for non-traditional profiles. Rollee addresses this challenge by providing a reliable platform for validating income patterns, and verifying employment history of individuals. Here's a closer look at how Rollee delivers value in key sectors.

Advanced verification of income - or how to add alternative data into your credit risk models

Traditional credit checks are no longer enough in evaluating today’s borrower profiles. Rollee offers tools to ensure a holistic assessment:

  • Income validation: By accessing income streams from various sources—be it freelance platforms, the governmental tax postal, or side gigs—Rollee helps lenders paint a holistic financial picture of applicants.
  • Credit risk assessment: Combining income trends with past credit history allows for a nuanced evaluation of an individual’s ability to repay loans.

As more consumers move to freelance or hybrid work models, banks and fintech companies need precise, real-time insights to make informed lending decisions.

Background check processes - or how to cut down time when verifying a candidate's former employer(s)

Validating employment histories, particularly for candidates with complex job backgrounds, takes time. Background check companies or KYC companies often write emails to the former employer or try to call them multiple times over a couple of weeks in order to confirm their information. Rollee simplifies this by offering real-time, verifiable data for:

  • Past employers and employment types: Confirming previous employers, job roles, and employment statuses, including freelance and contract positions.
  • Employment duration: Ensuring accuracy in start and end dates for prior positions, reducing discrepancies in resumes.

Rollee’s ability to provide objective, third-party-verified employment data is particularly useful as it improves hiring accuracy and accelerates recruitment cycles - no more 

Trends shaping the verification market

Several key trends highlight the growing importance of robust verification solutions like Rollee:

  1. The gig economy market growth: The gig economy's rapid growth makes it necessary to use reliable verification solutions to track income and employment for freelancers and independent contractors.
  2. Trusted third-party data sources: The use of trusted third-party data sources is growing, making verification more accurate and helping businesses stay compliant with regulations.
  3. API-driven integrations: API-driven integrations simplify verification by allowing businesses to connect seamlessly with their existing systems and improve overall workflow.

Why Rollee is the strategically best choice

Rollee stands out by focusing on verified data, transparent workflows, and compliance. Our ability to integrate seamlessly with existing systems ensures our customer’s success. For companies needing to verify income and employment of individuals, Rollee offers the best product by:

  • Reducing the time and resources needed for verification.
  • Improving decision-making with accurate, real-time data.
  • Mitigating risks associated with income volatility and fraudulent claims.

Reliable verification tools are needed, now more than ever. Rollee offers the best solution for assessing income, employment, and work activity data, enabling better decisions based on verified data sets you can trust. By bridging the gap between traditional verification methods and modern workforce realities, Rollee positions itself as a critical ally in building trust and ensuring the business practices of the future.

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