In response to the urgent need of the hour and considering the seriousness of the issue, many job portals have come up with certain checks and balances to help employers control such faking and ensure better quality, more genuine candidates. Experts are of the opinion that not all job seekers fake their certificates just to get a job; some do it due to lack of knowledge about regulations, some may be ignorant about the repercussions of their actions, others might not have even applied for those jobs and use these records for other positions, there are also temporary situations where students may have bad grades in a semester but eventually go on to acquire good grades. In this process many job seekers may provide fake degree certificates or marksheets as proof for their previous academic years. The most interesting part here is whether colleges and universities including ‘Fake Universities’ and punishment for fake experience certificate in india actually grant degrees or should they be held accountable for supplying degrees?
The market is flooded with fake education certificates, making it daunting for employers. When you apply for a job position, the employer is bound to check your educational qualification and degree certificate. However, when a candidate provides a fake degree and educational qualification certificate, it can lead to several problems in the long run.
Whenever you say experience and certificates, the first thing that comes in mind is a certificate. A certificate is an official paper which provides proof of your qualification, experience, work-experience, or skills. It affirms that you are qualified enough to do a particular job or study. But now there has been a disturbing trend among students with respect to certificates as they have been found to be faking their certificates, which is illegal and poses risk to employers as well.
Imagine going to a bank without your identity verified! How would you manage? We have so many identities in this age, and yet, we have to provide only one of them at a time. With so many different applications and systems that we use today, it becomes an uphill task to verify one’s identity. This is where KYC solutions come into play. KYC is short for “Know Your Customer”, and helps businesses verify their customers’ identity in order to build the much-needed trust between parties.
Why kyc is important? Know Your Customer is the process by which a business identifies and verifies the identity of its customers. This information is later verified before being stored in the business records to help prevent frauds and the likes.
Every time we share our personal information with a bank, a telecom company or any other brand, it is important to know that they need to verify the same. This is where Know Your Customer (KYC) comes in. It is a set of procedures and requirements of an entity to verify the identity of its clients. It helps keep out any illegal elements or scamsters, while operating using the KYC guidelines.
