The finance and insurance sector deals with sensitive financial information, large sums of money, and requires a high level of trust between organisations and their clients. When recruiting new employees into roles in this industry, it’s critical to ensure they are reliable, trustworthy and do not pose any risks to your business or customers. Failing to properly screen candidates can expose your organisation to fraud, theft, data breaches and reputational damage.
At APCS, we provide a range of background checking services tailored for the finance and insurance sector. Our checks allow you to thoroughly vet potential hires and make informed decisions to protect your business.
The Importance of DBS Checks in Finance and Insurance
A Disclosure and Barring Service (DBS) check is an essential safeguarding tool for any finance or insurance organisation. There are different levels of DBS checks available depending on the specific role:
Basic DBS Checks
A Basic DBS check will reveal any unspent convictions or conditional cautions the applicant has. This is the minimum level of criminal record check and is available for any role, even those that don’t usually require a DBS check. It provides a baseline of assurance about a candidate’s background.
Standard DBS Checks
For some roles in finance and insurance, a Standard DBS check would be appropriate. This includes spent and unspent convictions and cautions. It gives a more complete picture of an applicant’s criminal record to help you determine their suitability for the role. Roles eligible for a Standard check are usually ones requiring authorisation by the Financial Conduct Authority.
Requesting DBS checks as part of your recruitment process demonstrates your commitment to operating ethically and protecting your clients. It can deter unsuitable candidates from applying and give your clients greater confidence in your organisation.
Verifying Identities with Digital Checks
Another key aspect of pre-employment screening for finance and insurance is verifying the applicant’s identity. You need to be certain that your candidates are who they say they are. Traditional manual identity checks can be time-consuming and open to human error or even forgery.
APCS offers innovative Digital Identity Checks that streamline the process while improving security. Candidates can upload their ID documents via smartphone for instant verification. The system uses biometric data from the documents to confirm they are genuine and match the applicant.
Digital Right to Work Checks are also available to confirm a candidate’s eligibility to work in the UK. Quick and secure online checks replace manual document reviews to reduce the administrative burden while ensuring compliance.
Switching to digital identity verification improves the efficiency and reliability of your screening process. Hiring decisions can be made faster without compromising on the necessary checks.
The Benefits of Choosing APCS
By choosing APCS for your employee background checks, you can benefit from our sector expertise, online platform and outstanding service:
- Tailored advice on the right checks for finance and insurance roles
- Full online management of the checking process, from requesting checks to viewing results
- Checks conducted by our experienced team with a fast turnaround
- Responsive support from our expert Client Services department
- Flexible payment options including pay-as-you-go and account customers
We are committed to delivering the highest standards of screening services to help you hire the right people. With APCS, you can feel confident that your candidates have been thoroughly vetted, allowing you to recruit with reduced risk.
Protect Your Organisation with APCS
Employee background checks are a vital tool for any finance or insurance business. By conducting the appropriate checks, you can help prevent financial crime, safeguard sensitive data and protect your reputation. APCS makes screening simple with our online platform and expert guidance.
To start using APCS for your employee checks or to discuss your requirements in more detail, please get in touch with our knowledgeable team. We look forward to working with you to keep your organisation secure.