A Way to Use Identity Authentication to Increase Trust in Care Services or Babysitter Platforms!
Today, let's explore the importance of eKYC in care services such as babysitting.
How Can You Hire a Verified Babysitter? (ft. Identity Verification)
According to recent data, the cost of hiring a full-time nanny has risen by 12% in just one year. What does this mean?
Rising average childcare costs across all income levels (up 7% in the last 12 months) and an increasing number of parents seeking free childcare options in their area mean that more families are relying on babysitters.
It now costs £40,326 per year (or £3,361 per month) to hire a full-time live-out nanny in the UK, based on new figures from nanny salary and employment experts. This represents a £4,342 (12%) increase from the previous year. In London, annual salaries for nannies have risen by approximately 8%, now averaging £3,852 per month or £46,228 per year.
However, despite the growing demand for babysitters, various issues have also emerged in the hiring process.
For example, a new scam surfaced last month, targeting babysitting services under the guise of "babysitter insurance."
If you are a company that provides babysitting services or hires babysitters, you must exercise extra caution during the hiring process! This is because trust between customers and service providers is vital for the success of care service platforms.
How Can You Hire a Verified Babysitter?
Hire a verified babysitter with KYC verification!
Online identity authentication supports babysitters with ID cards or alien registration cards, ensuring the worker's identity is verified and preventing issues like fake profiles or identity theft.
At the same time, eKYC verifies the validity of workers' visas and permits, making it easier to hire foreign workers in compliance with labor and immigration laws, which is a common requirement in most countries. eKYC automates identity verification processes, significantly improving efficiency, especially for platforms that handle large volumes of data. This thorough verification alleviates concerns about illegal activities for service providers.
By adopting online authentication system, everyone can enjoy a simple and satisfactory user experience. It eliminates inefficient manual verification processes that require human checks for each item, reducing errors, costs, and increasing reliability and accuracy.
ARGOS ID check enables service providers to comply with both global and local regulations, enhancing operational efficiency, stability, and trust between workers and employers!
eKYC Also Has an Anti-Money Laundering Effect
As an example, in Hong Kong, there was a case where a foreign domestic helper was arrested on suspicion of money laundering.
What does this imply? It highlights that babysitter services could potentially be exploited for illegal activities like money laundering violations. For service users, detecting illegal activities can be challenging.
Thus, there is always a possibility that babysitting services might inadvertently be associated with crimes.
If such illegal activities occur, trust in the platform and its stakeholders—including service users and providers—could diminish, leading to negative repercussions.
However, by adopting ARGOS' ID check service, you can strengthen identity verification while simultaneously applying a transaction monitoring system. With precise ID verification and facial recognition, you can prevent illegal accounts.
Additionally, the AML (Anti-Money Laundering) system allows real-time detection of suspicious transactions, such as repeated transfers between the same accounts, to prevent money laundering in advance.
Through identity verification, fraudulent IDs and money laundering activities can be blocked at their source, mitigating risks related to illegal activities or emerging fraud schemes. An integrated solution like ARGOS is the most effective way to address these challenges.