InformData
InformData, founded in the early 2020s, specializes in providing verified people data for background screening, identity verification, and continuous monitoring.
Profile
Provides verified people data for background screening and identity verification.
InformData, founded in the early 2020s, specializes in providing verified people data for background screening, identity verification, and continuous monitoring. The company focuses on reducing organizational risk and building trust through its Direct-Source Data® platform. InformData’s offerings are particularly tailored for Consumer Reporting Agencies (CRAs), helping them streamline operations, reduce costs, and deliver compliant, reliable results.
In July 2024, InformData announced a significant technological and financial investment phase, including the acquisition of Sentinel Information Systems, which expanded its Motor Vehicle Records (MVR) capabilities. The company is also migrating its legacy Fuse platform to Connect, aiming to consolidate all customers onto a single, more efficient system. InformData’s recent enhancements to Connect focus on improving system performance, turnaround time efficiency, data intelligence, and security. The company’s strategic moves and technological investments position it as a key player in the background screening industry, particularly in the context of evolving regulatory landscapes such as California’s Clean Slate Law SB 731.
Who buys this
- Consumer Reporting Agencies (CRAs)
- HR departments
- Risk management teams
- Cybersecurity teams
- Insurance companies
Strengths and what to watch
Strengths
- Direct-Source Data® ensures high accuracy and reliability.
- Recent acquisition of Sentinel Information Systems enhances MVR capabilities.
- Platform migration to Connect aims to streamline operations and improve efficiency.
Watch for
- Potential challenges in migrating legacy Fuse platform to Connect.
- Regulatory changes like California’s Clean Slate Law SB 731 could impact operations.
- Dependence on CRAs for a significant portion of revenue.
Key Information
- Founded
- 2020
Frequently Asked Questions
What does InformData do?
InformData provides verified people data for background screening and identity verification. Their Direct-Source Data® platform helps Consumer Reporting Agencies (CRAs) streamline operations while ensuring compliance. The company also offers continuous monitoring services to reduce organizational risk and build trust through accurate, reliable data verification.
How does InformData's Direct-Source Data® work?
InformData's Direct-Source Data® platform delivers verified people data directly from authoritative sources, ensuring high accuracy for background checks. It helps CRAs and organizations validate identities, assess risks, and maintain compliance with evolving regulations through continuously updated, reliable information.
What was the impact of InformData acquiring Sentinel Information Systems?
The 2024 acquisition of Sentinel Information Systems expanded InformData's Motor Vehicle Records (MVR) capabilities. This strategic move enhanced their background screening offerings, particularly for CRAs needing comprehensive driving history data alongside traditional identity verification services.
Why is InformData migrating from Fuse to Connect?
InformData is transitioning from its legacy Fuse platform to Connect to consolidate operations into a single, more efficient system. The new platform improves performance, turnaround times, data intelligence, and security while maintaining all existing functionality for background screening and verification.
How does California's SB 731 affect background screening?
California's Clean Slate Law SB 731 automatically seals certain criminal records, changing what appears in background checks. InformData helps CRAs navigate these regulatory shifts by providing compliant, up-to-date data while maintaining thorough screening capabilities within legal boundaries.
Who uses InformData's services?
Primary users include Consumer Reporting Agencies (CRAs), HR departments, risk management teams, and insurance companies. These organizations rely on InformData's verified people data for accurate background screening, identity verification, and continuous monitoring to mitigate risks and ensure regulatory compliance.
Sources
- www.informdata.com — InformData’s acquisition of Sentinel Information Systems and platform migration to Connect.
- www.informdata.com — Impact of California’s Clean Slate Law SB 731 on CRAs.
- www.informdata.com — InformData’s core offerings and focus on verified people data.
- www.informdata.com — InformData’s mission and focus on providing CRAs with the best people-data possible.