Accelerate your customer
on-boarding process

Implement the fast boarding process that your customers demand without compromising on the range and sophistication of your fraud and financial crime risk analysis.

Align financial crime defence with your business objectives

Reduce siloed working and adapt to changes in both regulation or financial crime risks across your organisation without compromising your ability to get products to market.

Reduce the cost of regulatory compliance

Comply with key regulations such as 5MLD & PSD2 and create effective treatment strategies to improve customer relationships and reduce costs through continually monitoring customers.

Trusted, Proven, Effective

Our solutions, systems architecture and collaborative intelligence services operate 24/7 across 15 countries to help clients maximise ROI and reduce risk. Robust, scalable and highly available, our solutions and services are low latency and support your dynamic requirements to deliver proven, effective solutions.

£
80

Saved for our public and private sector clients

80

Sub-second responses processed annually at point of quote

81

Customer enquiries processed daily

How you can speed up your customer boarding without compromising your risk checks

Hear from one of the leading insurers who improved the speed at which they could board genuine customers without compromising on their risk checks, with our Intelligence Hub. Driving down the cost of risk, improving compliance and the customer journey. Ensuring that customer on-boarding or application and claims processing is as frictionless as possible is an essential ingredient when trying to improve risk and compliance checks. To achieve this, risk analysis solutions need to be able to integrate and communicate with a company’s wider decision systems. Applying real-time configurable business logic to data processing is one function of The Intelligence Hub (part of Synectics’ risk management, financial crime and fraud prevention platform) that is helping one of Synectics Solutions’ insurance clients to integrate its fraud prevention solution (SIRA) with its wider customer decision platforms. Outcome Orchestration is allowing the insurer to create a much more sophisticated, efficient and strategically aligned risk mitigation solution. SITUATION This major insurer first deployed Synectics Solutions’ fraud prevention and detection application (SIRA) in 2013. Since the initial deployment the company benefited from SIRA’s effectiveness and derived marked improvements in its working practices and fraud strategy in the claims space. This helped the organisation save significant amounts of revenue by preventing fraud losses. The company’s SIRA solution was configured to deliver real-time alerts to its fraud management team. These alerts were then prioritised and screened for accuracy using Precision – Synectics Solutions’ predictive analytics and data science service. Due to a growth in customers, the insurer needed to realign its fraud and risk strategies and improve its ability to meet its commercial clients’ compliance thresholds. To achieve this the insurer introduced Outcome Orchestration (part of the Intelligence Hub from Synectics Solutions), to enhance and improve its fraud management capabilities.

FIND OUT MORE

Creating a single customer view of risk for Financial Crime Risk Management

Harmonising disparate data models and departmental needs into one solution to create a truly effective Financial Crime Risk Management (FCRM) platform has long been the desire of a range of financial services organisations. Can Sentinel from Synectics offer a cost effective solution to FCRM that delivers on the promise of ‘Platformification’ and create a truly single customer view of risk? A need for faster, agile, organisation wide systems Thanks to increased reporting on social media, the 24/7 rolling news cycle, and increased regulator demands, customers and investors of financial services companies are increasingly becoming aware of those organisations that repeatedly fall foul of fraud, financial crime, cyber breach or legal disputes with regulators. Such is the problem that regulators, such as the UK’s Financial Conduct Authority (FCA) in its 2019/20 business plan, are increasingly requiring financial services organisations to show that their FCRM intelligence is capable of being shared across their organisations. They are also starting to call out the need for these systems to go beyond slow, cumbersome (and often ineffective) manual processes to become more automated. This is to aid the reduction in costly post-event remediation activities that often fail to recover funds once acts of financial crime have been perpetrated.

FIND OUT MORE

Could collaboration enable organisations to fight back and gain the upper hand in the fight against fraud?

Fraud is now the most common crime in the UK, with fraudsters working together to operate successfully. Could collaboration enable organisations to fight back and gain the upper hand in the fight against fraud? According to the Office of National Statistics there were 5.8 million fraud and computer misuse crimes in 2017, making them the most common crimes in the UK. Sophisticated technology is enabling criminals to steal and sell data globally, and to commit fraud in high volumes. Research has shown that the criminals collaborate via restricted user groups and dark web groups, sharing fraud methods, identifying weaknesses in target businesses, and developing new ways to commit their crimes. This presents a massive challenge for law enforcement and industries like finance and insurance as we seek to prevent and detect fraud - whilst also providing the high standards of service required to meet ever more demanding customer needs.

FIND OUT MORE

Our innovative thinkers are helping to shape the future of what's possible across all of the markets related to your business

Find all of our white papers and thought leadership articles by clicking here.

Read Our Thinking

First Name: *
Last Name:
Email: *
Phone:
Company:
Job Title:
How we can help:
Please verify you are not a robot!

Transform your approach to risk management, financial crime and fraud prevention with Synectics Solutions

Accelerate your customer
on-boarding process

Align financial crime defence with your business objectives

Reduce the cost of regulatory compliance

Manage risk in real time, cut out costly and unreliable manual processes and streamline your treatment strategies.

Why Synectics Solutions?

Trusted by global institutions & brands

A proven track record

Complete peace of mind

Award winning solutions

Trusted, Proven, Effective

£
80

80

81

Who we work with

Awards we have won

Our thinking

How you can speed up your customer boarding without compromising your risk checks

Creating a single customer view of risk for Financial Crime Risk Management

Could collaboration enable organisations to fight back and gain the upper hand in the fight against fraud?

Our innovative thinkers are helping to shape the future of what's possible across all of the markets related to your business

Talk to us

Transform your approach to risk management, financial crime and fraud prevention with Synectics Solutions

Accelerate your customer on-boarding process

Align financial crime defence with your business objectives

Reduce the cost of regulatory compliance

Manage risk in real time, cut out costly and unreliable manual processes and streamline your treatment strategies.

Why Synectics Solutions?

Trusted by global institutions & brands

A proven track record

Complete peace of mind

Award winning solutions

Trusted, Proven, Effective

£ 80

80

81

Who we work with

Awards we have won

Our thinking

How you can speed up your customer boarding without compromising your risk checks

Creating a single customer view of risk for Financial Crime Risk Management

Could collaboration enable organisations to fight back and gain the upper hand in the fight against fraud?

Our innovative thinkers are helping to shape the future of what's possible across all of the markets related to your business

Talk to us

Accelerate your customer
on-boarding process

£
80