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FOREWARN to Provide Identity Verification Services to Massachusetts Association of REALTORS® to Promote Agent Safety
Globenewswire· 2025-11-03 13:00
Core Insights - FOREWARN, LLC has partnered with the Massachusetts Association of REALTORS® (MAR) to provide its services to over 22,000 members in Massachusetts, focusing on enhancing real estate agent safety [1][3]. Company Overview - FOREWARN offers real-time information solutions that analyze billions of data points to help real estate agents mitigate risks by verifying identities, searching criminal histories, and validating client information using just a phone number [2][5]. - The services provided by FOREWARN to MAR members come at no additional cost, promoting proactive safety measures for agents [2][3]. Industry Impact - The initiative aims to empower real estate agents with essential identity insights, helping them assess potential risks, prevent fraud, and conduct business with greater confidence [3]. - The technology behind FOREWARN is designed to enhance safety and reduce fraud in real estate transactions, which is critical for the industry [5][6].
FOREWARN to Provide Identity Verification Services to Salt Lake Board of REALTORS® to Promote Agent Safety
Globenewswire· 2025-10-29 12:00
Core Insights - The Salt Lake Board of REALTORS® has contracted with FOREWARN to provide its services to over 9,000 real estate professionals in Utah, enhancing agent safety [1][4] - FOREWARN offers real-time information solutions that analyze billions of data points to help agents verify identities, check criminal histories, and validate client information using just a phone number [2][6] - The services provided by FOREWARN will be available to members of the Salt Lake Board of REALTORS® at no additional cost [3] Company Overview - FOREWARN is a subsidiary of red violet, Inc. and specializes in providing identity intelligence and risk mitigation solutions for real estate agents [6][7] - The technology behind FOREWARN enables organizations to conduct due diligence, fraud detection, and regulatory compliance through powerful analytics and a vast data repository [7] Member Benefits - The introduction of FOREWARN services is aimed at empowering real estate agents with reliable identity insights, allowing them to identify potential risks and focus on client service with greater confidence [4] - Existing members of the Salt Lake Board of REALTORS® will receive instructions on how to activate their FOREWARN subscription as part of their membership benefits [4]
FOREWARN to Provide Identity Verification Services to REALTOR® Alliance of Greater Cincinnati to Promote Agent Safety
Globenewswire· 2025-10-23 12:00
Core Insights - FOREWARN, LLC has partnered with the REALTOR® Alliance of Greater Cincinnati to provide its services to over 5,000 real estate professionals, enhancing agent safety in the region [1][3] - The FOREWARN service offers real-time data analysis, allowing agents to verify identities, check criminal histories, and validate client information using just a phone number [2][5] - The service is provided at no additional cost to RAGC members, emphasizing the organization's commitment to member safety and empowerment [2][3] Company Overview - FOREWARN specializes in real-time information solutions for real estate agents, leveraging extensive data analytics to enhance safety and operational efficiency [5][6] - The technology enables organizations to conduct identity verification, risk assessment, and due diligence, thereby facilitating safer engagements and smarter interactions [5][6] Industry Context - The partnership reflects a growing trend in the real estate industry to prioritize agent safety amid increasing risks faced by professionals in the market [3][4] - By adopting advanced tools like FOREWARN, real estate organizations aim to equip their members with resources that enhance safety and operational confidence [3][5]
red violet to Announce Third Quarter 2025 Financial Results on November 5, 2025
Globenewswire· 2025-10-22 20:05
BOCA RATON, Fla., Oct. 22, 2025 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, announced today that it will report its financial results for the third quarter ended September 30, 2025 after the close of the U.S. financial markets on Wednesday, November 5, 2025. The Company will host its earnings call on Wednesday, November 5, 2025 at 4:30pm ET to discuss its quarterly results and provide a business update. The participant registration and webcast ...
IDI Announces Integration with TazWorks to Expand Access to IDI's Best-in-Class Identity Intelligence in the Background Screening Industry
Globenewswire· 2025-10-21 16:21
Core Insights - Interactive Data, LLC (IDI) has announced a strategic partnership with TazWorks to enhance identity verification and risk mitigation solutions for the background screening industry [1][5] - The collaboration aims to improve client trust and satisfaction while increasing profitability for consumer reporting agencies (CRAs) [1][5] Company Overview - IDI is a leader in identity verification and risk mitigation, providing innovative identity intelligence solutions that empower organizations to operate with confidence [6] - The company utilizes a cloud-native, AI/ML-driven technology platform to deliver real-time identification and location of individuals, businesses, and assets [6] Partnership Details - IDI will join the TazWorks partner ecosystem, which focuses on open integration and delivering elite solutions for background screening agencies [2] - The partnership will leverage IDI's consumer identity graph, which covers nearly 100% of the U.S. adult population, to enhance internal background screening processes [2] Product Offerings - IDI's solutions include idiTRACE™, which helps uncover an applicant's address and alias history, and idiCRIM™, a national criminal history database that reduces false positives [3][4] - idiALIAS™ combines address trace and national criminal database searches to deliver comprehensive criminal results for all subject aliases [4] Industry Impact - The integration of IDI's identity intelligence with TazWorks' technology is expected to provide mutual customers with deeper insights, faster verifications, and more reliable results [5] - This collaboration represents a significant step forward in empowering screening agencies with advanced technology [5]
IDI Announces Integration with TazWorks to Expand Access to IDI’s Best-in-Class Identity Intelligence in the Background Screening Industry
Globenewswire· 2025-10-20 12:00
Core Insights - Interactive Data, LLC (IDI) has announced a strategic partnership with TazWorks to enhance identity verification and risk mitigation solutions for the background screening industry [1][5] - The collaboration aims to improve client trust and satisfaction while increasing profitability for consumer reporting agencies (CRAs) [1][5] Company Overview - IDI is a leader in identity verification and risk mitigation, utilizing a cloud-native, AI/ML-driven technology platform to provide innovative identity intelligence solutions [6] - IDI's consumer identity graph covers nearly 100% of the U.S. adult population, leveraging proprietary and publicly available data [2] Product Offerings - IDI's solutions include idiTRACE™, which helps uncover an applicant's address and alias history, and idiCRIM™, a national criminal history database that reduces false positives and streamlines background screening processes [3][4] - idiALIAS™ combines address trace and national criminal database searches to enhance efficiency and outcomes in background checks [4] Strategic Partnership - The partnership with TazWorks will integrate IDI's identity intelligence solutions into TazWorks' platform, providing mutual customers with deeper insights and faster verifications [2][5] - TazWorks is part of MeridianLink, which offers a unified data platform to empower financial institutions and consumer reporting agencies [8][9]
FOREWARN to Provide Identity Verification Services to Pacific Regional Multiple Listing Service to Promote Agent Safety
Globenewswire· 2025-09-08 12:00
Core Insights - FOREWARN, LLC has partnered with Pacific Regional Multiple Listing Service (PACMLS) to provide its services to over 1,800 real estate professionals in southeastern Washington, enhancing agent safety [1][3] - The FOREWARN service analyzes billions of data points to help real estate agents verify identities, check criminal histories, and validate client information using just a phone number [2][5] - The service is offered at no additional cost to PACMLS members, reflecting the organization's commitment to prioritizing member safety [3] Company Overview - FOREWARN specializes in real-time information solutions for real estate agents, focusing on safety and risk mitigation through advanced analytics [5] - The company is part of red violet, which develops proprietary technologies for identity intelligence and risk assessment [6]
Red Violet (RDVT) FY Conference Transcript
2025-08-27 14:37
Summary of Red Violet (RDVT) FY Conference Call Company Overview - **Company**: Red Violet (RDVT) - **Industry**: ID verification sector - **Key Offerings**: Aggregation of identity-related data from various databases, including liens, judgments, and credit header data, which is sold to different industries [1][2] Core Business Verticals - **Five Verticals Served**: 1. Collections 2. Financial and Corporate Risk 3. Investigative 4. Real Estate 5. Emerging Markets [3][12] Historical Context - **Management Background**: Previous experience includes building Seizen and TLO, both in the identity verification space, with significant sales to LexisNexis and TransUnion [4][5][6] Technology and Differentiation - **Cloud-Native Platform**: Built from the ground up using AWS, differentiating it from older products [7] - **AI Integration**: Utilizes AI to enhance data connections and improve transaction clarity [7][60] Use Cases - **Collections**: Validating debt records for accuracy [8] - **Real Estate**: Safety solutions for realtors, including background checks on potential clients [11][12] - **Financial Risk**: Background screening for job applicants, ensuring data accuracy [14][15] - **Investigative**: Tools for law enforcement to conduct investigations efficiently [18][19] Financial Performance - **Revenue Model**: Fixed cost nature with long-term agreements with data providers, leading to high contribution margins [23] - **Gross Profit Margin**: Reported over 80% gross profit and approaching 40% adjusted EBITDA margins [24] - **Customer Base**: Approximately 9,500 customers across various products, with significant growth potential [30] Market Position and Competition - **Competitive Landscape**: Competes with major players like TransUnion and LexisNexis but maintains a unique position due to its technology and data aggregation capabilities [39][40] - **Switching Costs**: Low for customers, allowing for quick onboarding and integration [34][36] Future Opportunities - **Public Sector Growth**: Anticipated increase in contracts due to upcoming RFPs, with potential for large contracts [43][46] - **Background Screening Expansion**: New product offerings in the background screening space, targeting large payroll companies [47][48] Key Performance Indicators - **Gross Retention Rate**: Reported at 97%, with guidance towards 90-95% [50] - **Net Revenue Retention**: Estimated to be in the mid to upper teens [51] Additional Insights - **AI as a Tool**: AI is leveraged for operational efficiency and enhancing customer interaction with the platform [62] - **Data Security**: Regular audits and certifications (PCI level one, SOC one, SOC two, ISO 27001) ensure data safety [70] Conclusion - Red Violet is positioned strongly within the ID verification sector, leveraging advanced technology and a diverse range of use cases to drive growth and maintain competitive advantages. The company is well-prepared to capitalize on emerging opportunities in the public sector and background screening markets.
red violet to Present at the Midwest IDEAS Investor Conference
Globenewswire· 2025-08-21 20:05
Core Insights - Red Violet, Inc. will present at the Midwest IDEAS Investor Conference on August 26-27, 2025, in Chicago [1] - Camilo Ramirez, Senior Vice President of Finance and Investor Relations, will lead the presentation and host investor meetings on August 27, 2025 [1] Company Overview - Red Violet specializes in analytics and information solutions, focusing on identity intelligence through proprietary technologies [2] - The company's solutions facilitate real-time identification and location of individuals, businesses, and assets, serving purposes such as identity verification, risk mitigation, and fraud detection [2] - The intelligent platform, CORE™, is designed for enterprises but adaptable for organizations of all sizes, transforming large datasets into actionable intelligence [2]
Red Violet: High Growth And Strong Operating Leverage Fuel Further Upside
Seeking Alpha· 2025-08-21 17:55
Group 1 - Red Violet (NASDAQ: RDVT) stock has increased by 22% this year and over 150% since May of the previous year, indicating strong market performance [1] - The company has shown robust organic revenue growth, capitalizing on the rapidly expanding data and analytics sector [1] Group 2 - The individual investor focuses on undercovered companies, maintaining a watchlist of up to 100 companies across technology, software, electronics, and energy transition sectors [1] - The investor has over 7 years of personal capital investment experience and a Master's degree in Electrical Engineering, currently working as an automotive battery R&D engineer in Sweden [1] - The analysis aims to identify asymmetric investment opportunities to achieve market-beating returns, particularly in small to mid-cap companies that are less researched [1]