Tech Nest: The Proptech Podcast Advances in Tenant Screening Processes with Tim Ray, Founder and CEO at VeriFast
Tim Ray, CEO of VeriFast, discusses the importance of identity verification in the real estate industry and the challenges of tenant fraud. He explains how VeriFast's single-source verification platform helps verify individuals' identities and financial details, providing a more secure and flexible screening process for renters—especially for those with a non-traditional income. Tim also highlights the company's integrations with property management systems and the need for trust and transparency in data sharing. He predicts that credit checks will become less relevant in rental applications and that document processing using PDFs will fade away as technology advances.
More about Tim and VeriFast
VeriFast is the only single-source verification platform for identity and financial data that enables applicants to verify their data via a digital connection or document upload with OCR and fraud detection. VeriFast provides a simple, configurable API and turnkey UI that delivers that best ROI for companies that need to validate identity, banking, payroll and/or tax data.
VeriFast claims to be a super aggregator of the best verification technology vendors into one universal platform that configures and enriches data to deliver superior decisioning with a best-in-class user experience and trusted by everyday consumers to share their data digitally.
There are a multitude of verticals from real estate to banking, insurance, government, and beyond that still rely on slow, analogue processes to share and verify identity and financial data.
VeriFast provides the most trusted verification platform in the world with the highest converting opt-in rate in the industry. Getting consumers to share their data is tough, it’s our superpower.
VeriFast has a four-star rating on TrustPilot, and we’re the only company brave enough to invite every applicant to rate their experience publicly.
Tim Ray is a 4X Founder and Angel investor with a passion for building and scaling innovative businesses from ideation, and a track record of successful exits.
Tim is passionate about the importance of creative "out-the-box" thinking, analytical decision-making and developing great relationships to solve complex problems and find winning outcomes.
Currently Tim is Co-Founder & CEO of VeriFast, the first single-source verification platform that helps companies verify an individual's identity and financial details using consumer-permissioned data; reducing billions of dollars lost to inefficient underwriting and fraud annually.
Tim plays dad to an amazing family with 3 kids and an incredible wife, and is passionate about travelling and being active with friends: skiing, golfing, cycling and more recently kite surfing.