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May 5 2024

Background checks provider wins second King’s Award for Enterprise

Verifile, an HR technology company and leading provider of global employee screening and background checks for HR and talent acquisition, wins the King’s Award for International Trade achieving over 100% total growth in overseas sales across a three year period.

This is Verifile’s second King’s Award for Enterprise in recognition of yet another period of outstanding growth.

Verifile, the HR tech specialist, carries out hundreds of thousands of background checks every year for the UK government as well as top private sector firms worldwide and this latest royal seal of approval follows the company’s first Queen’s Award for Enterprise received in 2019.

Verifile has demonstrated significant growth in exports of its industry leading background checks thanks to its ability to adapt to the ever changing needs of the global employee fraud and security landscape, and it’s this business success that has earned the company the prestigious King’s Award.

Eyal Ben-Cohen, Founder and CEO of Verifile, said: “Winning the Queen’s Award for Enterprise in 2019 was a huge honour for everyone at Verifile so to now win a King’s Award for Enterprise five years later and extend our royal seal of approval is testament to our commitment to combatting fraud and improving the safety and security of businesses all over the world.

“Our screening solutions are relied upon by companies to protect their business operations, employees, and potential candidates and this is at the heart of everything we do at Verifile. We have been able to grow the business and deliver sustained eight years of growth in an extremely challenging economic climate, including a global pandemic and Brexit, so to be recognised for this achievement means a great deal to everyone at Verifile.”

Nick Kier is a Deputy Lieutenant and Chair of the panel for The King’s Awards for Enterprise in Bedfordshire. Nick said: “Winning a King’s Award for Enterprise in International Trade for a second time is a considerable achievement and I would like to congratulate everyone at Verifile on yet again winning the highest business award available. In business terms it is the equivalent of winning an MBE.

“In order to even apply, yet alone win, Verifile needed to demonstrate three consecutive years of outstanding growth in international trade, no mean feat with today’s financial uncertainty. Yet, winning the King’s Award shows that Verifile has been able not only to weather the economic storms, but steer the ship across smooth waters to grow its business and achieve a total of eight years of significant growth.”

The King’s Awards for Enterprise, previously known as The Queen’s Awards for Enterprise, were renamed last year to reflect His Majesty The King’s desire to continue the legacy of HM Queen Elizabeth II’s by recognising outstanding UK businesses. The Award programme, now in its 58th year, is the most prestigious business award in the country, with successful businesses able to use the esteemed King’s Award emblem for the next five years.

About Verifile

Verifile is on a mission to make the world a more honest and safer place. The company exists to empower businesses to make fully informed decisions quickly and efficiently by combining accurate

data with a human touch. Verifile believes in a world in which honesty and openness prevail and champions truth and accuracy. This ethos is the driving force behind Verifile.

Powered by Verifile’s own specialist background screening software as a service platform, the company specialises in employee screening and background checks helping businesses all over the world combat fraud and protect their business operations, employees, and customers.

Verifile’s technology delivers highest standard of accuracy with 96% of Verifile’s reference checks are returned with a response from a valid source compared to an industry average of 60-80%.

Headquartered in Bedford, England, Verifile has a team of over 160 highly qualified experts, supporting HR and talent acquisition professionals with the recruitment process and beyond.

Verifile was founded by Cranfield University entrepreneur of the year Eyal Ben Cohen because of two unconnected events that would highlight a problem not currently being solved.

In 2003, a driver working for Brinks Israel, the armed security providers, made off with nearly five million shekels. The driver, Saguy Unger, had used a false identity to get the job at Brinks just two weeks earlier, masking the fact he had a criminal record. Brinks’ alleged sophisticated pre-employment screening techniques had failed because the obvious first step of checking Unger’s identity had been overlooked.

Days later, also in Israel, Eyal Ben Cohen was preparing to move to England to begin studying for an MBA at Cranfield University requiring him to change the address on his identity card. This seemingly simple process saw him standing in line for three hours. The combination of the two events got Eyal thinking; the scrutiny and bureaucracy involved with a simple change of address versus the lack of attention paid to a recruitment process which allowed someone to commit armed robbery.

And so, the idea for Verifile was born, and, while studying for his MBA at Cranfield University, Eyal set about turning theory into reality – in the shape of Verifile.