Identification and Verification


A FINE BALANCING ACT

With financial crime ever evolving and fraudsters investing more time and resource into clearing upfront identification checks, keeping one step ahead of the criminals may seem difficult. Without robust identification and verification checks in place at the point of application, we run the risk of finding and acting upon these fraud attacks impossible.

With the speed at which customer interactions take place online, it can be a fine balancing act between maintaining customer satisfaction by providing a frictionless journey, knowing who you’re dealing with and detecting and preventing fraud.

RISE OF IDENTITY FRAUD

According to a report by the Synectics Solutions’ Financial Crime Intelligence Team identity fraud accounted for 56% of all national finance fraud in 2017

FRAUD ACROSS ALL SECTORS

A recent publication by Cifas has highlighted the increased trend in compromised identity fraud in the Telecommunications and online retail sectors

FALSE IDENTITIES

Throughout 2017 false identity volumes in insurance policy fraud grew from less than 200 cases in January to almost 1,000 cases in November

ACCELERATE YOUR CUSTOMER IDENTIFICATION PROCESS WITH CONFIDENCE

Synectics Solutions has been working for more than 25 years to use the power of data to tackle fraud, improve the customer journey and maximise opportunities from improved customer intelligence. Our Identify and Verification solutions use a comprehensive range of data sources to ensure that you gain the necessary insight and confidence that your customers are who they say they are. This can help to streamline your customer boarding processes while mitigating risks, fraud or financial crime.

Enhanced Digital Profiling

Digital verification checks to give you a complete view of your customers’ digital history including email, device and mobile intelligence.

PEPs and Sanctions

Screening for high risk individuals and persons with sanctions, including intelligence on relatives, close associates and special interest persons.

National SIRA

The UK’s leading fraud and risk prevention and detection database contributed to by over 100 organisations. It provides access to known adverse and criminal intelligence supplied and constantly updated by the entire SIRA syndication membership.

National Fraud Initiative

Improve your ability to identify fraud by enriching your intelligence with data from the National Fraud Initiative – contributed to by over 1,200 local authorities and public sector organisations, with access to 22 data sets including Home Office immigration data and Visa information.

Connection 4

DDRI

To assist you in the prevention, detection and investigation of fraud and risk - particularly impersonation of the deceased.

Affordability Report

Accurately validate your customer's income to ensure the information they supply on an application forms is correct. This service will also give you the change to identify and protect organisation and consumers from taking new facilities, which they cannot afford.

Identification and Verification Checks

A comprehensive range of data sources to ensure that you gain the necessary insight and confidence that your customers are who they say they are. Confirm an applicant’s name, address, bank account information and the presence or absence of any adverse public data. This can help to streamline your customer boarding processes while mitigating risks, fraud or financial crime.

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

130+

Data providers


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

77+ million

Processed applications


Each year over 77 million finance and insurance applications are processed through our systems

"Without robust Identification and Verification checks in place at the point of purchase, we run the risk of finding and acting upon fraud attacks even more difficult."

CONTACT US

  • If you would like to learn more about our identification and verification solution, please fill out the form below and we'll get back to you shortly.

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  • We guarantee 100% privacy. Your information will never be shared.