Fraud and Risk


KEEPING YOU AHEAD OF EVOLVING THREATS

In today's interconnected, online world, detecting and controlling the amount of fraud and financial crime that’s perpetrating your business is becoming an increasingly difficult task and the impact is costing businesses more each year.

Criminals don’t always work alone and with the sophisticated tactics they’re deploying continually evolving and the risks they’re willing to take increasing, it’s paramount that your organisation has a robust fraud prevention and risk strategy in place. Identifying and stopping these criminals will help you to protect your assets, reputation, brand, market share, business relationships and genuine customers.

FRAUDULENT ONLINE APPLICATIONS

9/10 fraudulent applications for all financial products are made online

IDENTITY FRAUD GROWING

Identify fraud is a growing issue in the UK, with 51% of fraud in 2017 being categorised as identity fraud in Synectics Solutions’ National SIRA Database

50% OF UK CRIME IS ONLINE

Almost one in every two crimes is fraud or cybercrime in the UK

HELPING YOU TO PROTECT YOUR BUSINESS AND CUSTOMERS

Synectics Solutions is renowned for having some of the most in depth experience and expertise when it comes to fraud and financial crime prevention.

We are responsible for deploying leading edge fraud and risk prevention solutions for some of the world’s most recognisable financial services brands with huge success. Our data solutions and analytics have been meeting the challenges businesses face for more than 25 years, saving our clients billions during this time by preventing losses to fraud and financial crime. We work with a range of Tier 1 banks, leading insurers and brokers, pension providers, telco’s, leading retail brands, automotive finance and vehicle rental providers.

Our clients have saved billions during this time by preventing losses to fraud and financial crime. Developing robust processes and integrating the best sources of data to give your teams a clear picture of not only what existing and emerging risks you need to manage, but also what good customers look like, is central to what we do.

National SIRA

is the UK’s leading fraud prevention and detection database contributed to by over 100 organisations from the financial services sector, leading insurers, retail providers and telecommunications companies. National SIRA provides access to known adverse intelligence supplied and constantly updated by the entire SIRA syndication membership.

25 years'

Experience


We have been working with our customers for over 25 years to help them harness the power of their data

130+

Data providers


SIRA members have access to data provided by over 130 banks and financial services providers, insurers, retailers and telecommunications companies

£5+ billion

Fraud prevented


SIRA and the National Fraud Initiative have helped prevent in excess of £5 billion in losses to financial crime

"By working with Synectics to customise our system we were able to plug the gaps in our knowledge, while at the same time ensuring that we didn’t introduce too much noise, or trigger unnecessary investigations. We have been able to spot additional fraud that we would not have been able to identify before this initiative went live."
Jon Radford, Claims Manager, QBE

CONTACT US

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