Vehicle Rental


ADDRESSING A TRIPLE THREAT TO THE INDUSTRY

With the recent rise in the use of vehicles as weapons in terrorist attacks, the spread of ‘county line’ drug dealing using hired cars and high-value rental car theft through identity fraud, rental companies are facing a three-fold challenge.

Security is becoming more and more of an issue, in terms of loss of money, time and reputation. The ability to effectively screen hirer identity and assess risk levels in real time and at the point of hire, and to check that crime and fraud are not being facilitated from within the rental company staff, is a powerful tool in the fight against these challenges.

Today’s fraudsters and terrorists are extremely sophisticated. They are always looking to stay one step ahead of the game, so that when one window of opportunity for their criminal activities closes, they are already looking into the next one. It is therefore important for organisations to deploy a risk prevention and detection solution, which is able to evolve with the changing landscape, and keep pace with threats.

THE THREAT OF TERRORISM

3 terror attacks using vehicles in London between March and June 2017

SPREAD OF ‘COUNTY LINES’ DRUG DEALING

51% of police forces reporting the use of hire vehicles for illegal drug activity.

INCREASE IN CAR THEFT

Car theft up by 20% in 2017 alone.

HELPING YOU PROTECT YOUR BUSINESS AND GENUINE CUSTOMERS

Synectics Solutions has more than 25 years of experience in tackling fraud, improving data and sharing knowledge to inform organisation’s approach to risk. We can help you to integrate a breadth of data sources with your own in order to inform the processes and practices used to not only mitigate losses but prevent them.

We work with our vehicle rental clients to understand their specific challenges and identify or develop the right solutions to address them. Our current capabilities in identification and verification, data matching, screening and compliance help us tackle existing and emerging challenges our clients face including vehicles used for attacks and drug dealing, theft following identity fraud and employee fraud and complicity.

Vehicle Rental Screening

Gain a clearer picture of your customers, enhance up-front validation and perform intuitive risk screening, in real-time against walk-in rental customers. Our screening solution utilises the unparalleled capabilities of SIRA, a comprehensive and sophisticated workflow and data matching tool that brings together a multitude of data sources including; criminal intelligence, asylum seeker data, sanctions and politically exposed person information, deceased data and identification and verification intelligence. This insight will help you reduce cases of organised fraud and crime, vehicle theft, the use of vehicles as weapons and other risks associated with the hire of vehicles, all in real-time.

<0.1 Second

Response Time


99.75% of real-time responses are returned within less than 0.1 seconds.

25 years'

Experience


We have over 25 years’ experience of working with the financial services sector to help them address their data management and risk mitigation challenges.

£3 BILLION

Saved for clients


We have helped our clients prevent over £3 billion in losses to financial crime.

Today’s fraudsters, and terrorists, are extremely sophisticated. Now that one leading car and van rental company has taken steps to block their way, making rentals difficult for them, they will move on to another, and another, when their previous choice has the solution in place.

Our thinking

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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