Synectics Solutions, the Stoke-on-Trent based Fintech, predictive analytics and data services company has been honoured with the prestigious Queen’s Award for Enterprise in the Innovation category. The award was presented to Synectics last Thursday (7 November) by HRH The Duke of Gloucester at Synectics’ premises in Burslem.

The Queen's Awards, which are the highest official UK accolade for British businesses, aim to promote excellence and drive economic growth. Synectics received the award in recognition of the company's outstanding successes in innovation, including the application of technology to save the UK taxpayer and leading financial service providers hundreds of millions, annually from potential fraud.

Prior to the presentation HRH was announced to Directors Kevin and Carol Shanahan by Her Majesty’s Lord-Lieutenant of Staffordshire, Mr Ian Dudson CBE. The Duke was then introduced to the Board of Directors, who gave an overview of the different functions of the 380 strong workforce during a tour around the Burslem site.

Thanks to its forward-thinking employees, who have gone above and beyond to breed technological innovations, Synectics has helped both public and private sector organisation save over £5 billion, which would have otherwise been lost to fraud and financial crime.

Staff gathered to mark the awards presentation and HRH was invited to commemorate and officially open a brand new innovation room at the Burslem site.

Synectics Solutions’ Managing Director Carol Shanahan said: “To win an award of this calibre is a fantastic achievement. Of the many awards we have won this is the pinnacle. To have the award officially presented by The Duke of Gloucester was just the icing on the cake!”

Business Secretary Greg Clark said: “These prestigious awards help shine a light on all that is great about UK business today. I am extremely impressed to see such a wealth of talent and innovation from across the UK being recognised by Her Majesty the Queen.

“Many of these winners are small businesses - the backbone of our economy – and we are backing them to grow, increase their productivity and create more jobs and opportunity across the UK through our modern industrial strategy.”