Synectics Solutions and 360Globalnet today announce a partnership that will see Synectics add 360Globalnet’s market leading unstructured data solution to their capabilities.

This will allow insurance and other Financial Services customers to receive a consolidated output of unstructured data from both the SIRA and 360Retrieve platforms.

Synectics is a leading financial crime risk management platform provider whose fraud detection database, National SIRA, offers market-leading collaborative anti-fraud intelligence services. National SIRA has already prevented over £4 Billion in losses to fraud for the Insurance and Banking sectors for clients across the UK, Canada and the USA.

360Retrieve is an advanced unstructured data analytics platform where “locked up” text-based information can be transformed into analysable data for enhanced anti-fraud results, injury and legal claims profiling, advanced management information and GDPR compliance.

This data will now be available for Synectics clients to integrate into their National SIRA platforms to take advantage of this unique of ‘unstructured’ intelligence source.

Russell Mackintosh, Head of Partnerships at Synectics, said: “Ensuring that we are offering our clients the very latest technology to help them improve their fraud and wider financial crime prevention capabilities is at the heart of our strategy. Providing the SIRA community with the ability to analyse unstructured data and incorporate that with other intelligence is an exciting step, and one which I’m delighted we’ve taken in partnership with 360Globalnet.”

Paul Stanley, CEO 360Globalnet, says: “Working in partnership with Synectics will allow us to combine the very best of our anti-fraud and claim profiling technologies for the benefit of Insurance and Financial Services customers alike. Huge amounts of data is locked away across our industry in unstructured forms, together we can help release the potential of that data.”