Greenhouse partners with CLEAR to enhance hiring verification

NEW YORK - Greenhouse, a hiring platform provider, announced Thursday a partnership with secure identity company CLEAR (NYSE:YOU) to integrate CLEAR’s identity verification technology into its Real Talent solution. CLEAR, which has demonstrated strong financial performance with a 21.6% revenue growth and healthy 62.7% gross profit margin in the last twelve months, continues to expand its enterprise solutions.

The collaboration aims to address growing concerns about fraudulent job applications, particularly those using AI-generated content and identity spoofing. According to information cited in the announcement, Gartner predicts that by 2028, up to 25% of job applications could be fraudulent.

The integration will allow recruiters to verify candidate identities through CLEAR1’s technology, which matches a candidate’s selfie to government-issued identification. Candidates can complete verification by taking a selfie within their MyGreenhouse profile.

"CLEAR is the gold standard of identity verification," said Daniel Chait, CEO of Greenhouse. "By integrating it into Real Talent, candidates can have a fast and secure way to verify their identity."

Caryn Seidman Becker, CEO of CLEAR, stated, "In an age where AI can create fake candidates as easily as real ones, our partnership with Greenhouse helps ensure that every applicant is a real person."

The integration will leverage CLEAR’s existing user base of over 31 million people, who can verify instantly with a selfie. New users will complete a one-time setup process.

The companies claim the partnership will help organizations reduce exposure to data leaks and regulatory risks by minimizing fraudulent activity while streamlining the verification process for legitimate candidates. According to InvestingPro analysis, CLEAR maintains a "GREAT" financial health score of 3.37, suggesting strong operational execution. InvestingPro subscribers can access 8 additional key insights about CLEAR’s business fundamentals and growth prospects.

The Greenhouse Real Talent and CLEAR1 integration will launch for select customers in Q3 2025, with wider availability to follow, according to the press release statement. With CLEAR currently trading below its Fair Value based on InvestingPro analysis, investors might find this an interesting opportunity to explore. A comprehensive Pro Research Report detailing CLEAR’s market position and growth potential is available exclusively to InvestingPro subscribers.

In other recent news, Clear Secure has been in the spotlight due to several significant developments. Telsey Advisory Group adjusted its outlook on Clear Secure by reducing its 12-month price target from $42 to $32 while maintaining an Outperform rating. This adjustment reflects changes in the macroeconomic environment affecting consumer spending and travel habits. Meanwhile, Spruce Point released a short report criticizing Clear Secure’s financial disclosures and value proposition, suggesting a potential 30% to 50% downside risk for the company’s stock. The report raised concerns about the company’s gross margins and recent changes in accounting policies.

In a positive development, Clear Secure and Surescripts have reported improvements in healthcare provider identity verification through their collaboration. The integration of Clear Secure’s technology has doubled the verification success rate for healthcare providers, achieving an 80% success rate. This partnership aims to enhance security measures and streamline the onboarding process for healthcare providers. These recent developments indicate a mix of challenges and opportunities for Clear Secure as it navigates the current economic landscape.

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