UNDERSTANDING AND TRUSTING YOUR CUSTOMERS IS THE KEY TO SUCCESS

With over half of retail fraud now cyber-enabled, not only are retailers under pressure to identify weak points across the omni-channel payment process, they are significantly at risk of financial and data fraud relating to their store cards and credit schemes.

Synectics Solutions’ breadth of products and services can be integrated into your organisation, allowing you to identify and prevent fraudulent activity. Not only does this maintain the trust of your customers and improve their experience, it also mitigates the financial losses you are at risk of, both from individuals and organised crime groups.

LOSSES TO CYBER CRIME

£100 million losses in the UK retail industry due to cyber-enabled fraud

RETAIL FRAUD

£337.3 million – The value of retail fraud in the UK

IDENTITY FRAUD

Identity fraud accounted for 56% of all finance fraud in 2017 (Synectics Solutions FCI 2018)

Analysing data to give you a clear picture of your customers

Our expertise, spanning predictive analytics through to risk mitigation, aim to give you confidence in dealing with your customers and protecting your business from fraud. We work with a complex breadth of data sources, which we integrate with intelligence from your own organisation, in order to give you a clear picture of data and help to expedite your strategies in addressing fraud and risk.

For over 25 years we have worked with our clients to understand their specific challenges and identify or develop the right solutions to address them. Our capabilities help us to tackle existing and emerging challenges our clients face.

We also have a number of solutions used widely in the retail sector.

£7 million

saved


We’ve helped save our clients over £7 million with the powerful predictive insights of Precision

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

250 MILLION+

APPLICATIONS PER MONTH


National SIRA – the UK’s leading fraud prevention database processes over 250 million applications each month

"As more businesses use websites, social media, cloud based services and hold more personal data electronically than ever before, high profile online data thefts continue to rise."

Our thinking in retail

Read a range of articles and reports, all crafted by the experts at Synectics Solutions, where you can uncover the latest insights and trends in your sector, and understand how developing technologies are shaping today’s organisations.

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CONTACT US

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