Xref (ASX:XF1)
CEO Lee-Martin Seymour. Source: Xref
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Xref’s RapidID has entered an exclusive partnership with Higher Ed Services (HES) to deliver a new digital checking solution to verify university qualifications
  • HES has started building the Graduation Verification Service (GVS), which will be a central digital repository of graduation data that enables employers, recruiters and background checkers to verify a graduate’s qualifications
  • The advent of the GVS aims to provide a more cost effective, time-saving and reliable method for checking qualifications
  • Shares closed flat today at 75 cents

Xref’s identity checking business, RapidID has entered an exclusive partnership with Higher Ed Services (HES) to deliver a new digital checking solution to verify university qualifications.

HES has started building the Graduation Verification Service (GVS), which will be a central digital repository of graduation data that enables employers, recruiters and background checkers to verify qualifications.

The GVS will cover 20 years of historical records for each education provider and will be capable of verifying millions of unique qualification records.

The company said graduation qualification checks have historically been slow and expensive.

The advent of the GVS aims to provide a more cost effective, time-saving and reliable method for checking qualifications.

HES manages ‘My eQuals’ which involves 47 public universities across Australia and New Zealand.

The GVS will have access to graduation data of 400,000 students in Australian and New Zealand universities.

It will also be able to provide data from other tertiary providers that participate through My eQuals each year, as well as historic graduates from those institutions.

HES has partnered exclusively with RapidID to deliver the GVS to the market.

RapidID will act as the exclusive wholesale gateway, servicing all retailers who seek qualification verification as part of their own offerings.

After launching, the GVS will be available to all Xref customers via the the Xref marketplace and platform.

Xref Executive Director and CEO Lee-Martin Seymour said he is pleased with the partnership.

“We are delighted to become the wholesale partner in this ground-breaking initiative, which will materially improve the process of checking the academic qualifications of students attending Australian and New Zealand based universities and other tertiary education providers,” he said.

“The partnership evolved from a thorough tender process that recognised and valued the RapidID and Xref business processes, people and platform.”

“It provides yet another example of how the RapidID platform can be harnessed to deliver a cost-effective way for clients to check the veracity of potential employees’ academic credentials. We look forward to a long and productive relationship with HES.”

Xref shares closed flat at 75 cents.

XF1 by the numbers
More From The Market Online
The Market Online Video

Bigtincan’s Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Bigtincan Holdings has fielded an offer from Investcorp. But if you think it's underwhelming – consider…
Medical professional holding a tablet

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

InhaleRX Ltd has received approval for a Phase 2 clinical trial to test its novel therapy…
Helium concept

Blue Star Helium sees approval for five more wells at ‘Galactica/Pegasus’ project in Colorado

Blue Star Helium (ASX:BNL) has won approval from Colorado regulators to drill five fresh helium wells…
Image of bear lifting weights

Cyclone signs MOU with Vale for development of Iron Bear play

Cyclone Metals Lt has signed a Memorandum of Understanding with Vale S.A to support development of…