Compliance


KEEPING PACE WITH CHANGE

Whether your business operates in financial services, insurance, retail, telecommunications or the public sector, you will most certainly have a number of regulations you’re required to comply and keep pace with. And with scrutiny increasing, fines and penalties on the rise, the advancement of technologies, changes to regulations and customer expectations increasing; ensuring your organisation meets compliance requirements, whilst maintaining a good customer journey has never been so important.

Leveraging advanced data management tools and processes that can enable the rapid deployment of compliance tools can help to transform your ability to maintain an effective compliance system. At a time when compliance departments are being inundated by more data than ever, tools to ensure that regulations such as Know your Customer and Know your Business are adequately addressed within your organisation are essential.

GDPR NON-COMPLIANCE FINES

Non-compliance with GDPR, as of May 25th 2018, could lead to fines of up to 20 million Euros or 4% of global turnover.

FINES OF £230 MILLION

In 2017, fines issued by the Financial Conduct Authority totalled almost £230 million.

STAYING COMPLIANT AFTER BREXIT

Firms will need to make sure all their policies, documents, literature and promotions are compliant with the new UK compliance rules after Brexit.

LEVERAGING DATA MANAGEMENT TOOLS TO HELP YOU MEET YOUR COMPLIANCE COMMITMENTS

Synectics Solutions has been working with financial providers, leading insurers, retailers and telecommunication companies for over 25 years, implementing solutions that not only address compliance but also improve processes and the customer journey. Our solutions help you proactively tackle risks and data challenges, delivering benefits from data insight, analysis and wider understanding of customer behaviours.


To keep you ahead of the changes in your sector, we work across a breadth of data sources and tools to ensure we can support you in meeting your compliance commitments. These include:


Compliance Services

We offer a range of customisable data services and feeds that will help you to build a comprehensive and bespoke source of intelligence to ensure your business remains compliant and adheres to regulations implied by the industry you operate in. Data sources to assist you in meeting your compliance strategy include; Anti-Money Laundering checks against National SIRA – a leading database of known fraud cases, Business and Directorship information and enhanced digital, device and identification checks. We also offer solutions to help you meet Know Your Customer and Know Your Business regulations.

25 years'

Experience


We have over 25 years’ experience of working with leading banks and financial services providers, retailers, telecommunications companies and public sector organisations

50+

Data sources


Clients can enrich their intelligence with over 50 different private sector data sources to get a more informed view of their customers

£3 billion

Fraud prevented


National SIRA – the UK’s leading fraud prevention database have helped prevent in excess of £3 billion in losses to financial crime

"It’s vital that our controls and processes provide a frictionless application experience for individuals wanting to join us on our journey, whilst still enabling us to pinpoint suspicious application activity in a timely manner."

CONTACT US

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