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Third-party verification (TPV) is the process in which an external organisation validates the information, claims, or actions of a company or individual on behalf of another entity. This could include verifying a customers details, or a vendors credentials, or ensuring compliance with industry regulations.
Measurement Verification (MV) methods and processes are used to measure and verify energy savings a defined, disciplined and transparent way. MV forms a vital part of any energy efficiency project or upgrade.
✅ Examples of third-party verification services include credit report agencies, background check companies, and identity verification platforms. (Source: Finovate) ✅ Third-party verification can help build trust and credibility between parties in a business transaction or agreement.
Third-party validation is the final step on the Client Protection Pathway. During this step, financial service providers who have been working to address gaps in their client protection practices have a third party evaluate and confirm their state of practice.
For instance, a mother purchased medical insurance for her son from an insurance company; the mother is the promisee, the son is the third-party beneficiary and the company is the promisor.
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Simply put, third-party verification is outsourcing the verification process to a company that can quickly handle any verification requests.

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