Fraud Prevention Solutions in Telecoms | Synectics Solutions

Platform
Solutions
Industries
Our Thinking
More ...
Connect | Is poor quality data holding back your organisation's ability to enhance its financial crime strategy?
A recent S&P500 report showed that 85% of the value of the world's leading Financial Service organisations is held in data assets - And yet only 35% of global CEO's trust the accuracy of their own data. This edition of Connect explores the implications for that lack of accuracy in data for those looking to use technology to protect their businesses and customers from financial crime.
Download now
Our Platform
Intelligence Hub
Data Marketplace
App Store
Our Apps
Synectics Financial Crime Risk Management Platform
Our Financial Crime & Risk Management platform accelerates your customer boarding process, aligns your financial crime defence with your commercial strategy and reduces the cost of regulatory compliance.
LEARN MORE
Intelligence Hub
Managing Data Complexity, Simply
Improve your customer’s digital on-boarding journey with the ability to orchestrate the integration and response of any data to make accurate and timely decisions for a friction-right process.
LEARN MORE
Data Marketplace
Identify, Authenticate & Monitor Customers with Confidence
Understand the profile of your customers better with access to our marketplace of public, private, proprietary and open source intelligence sources.
LEARN MORE
App Store
Turning Information Into Actionable Intelligence
Seamlessly configure and customise your platform with a comprehensive range of advanced plug n' play applications, capabilities and services to suit your specific needs.
LEARN MORE
Private Sector
SIRA
Precision
Sonar
Orion
Case Management
Quote Screening
Transaction Monitoring
Public Sector
AppCheck
FraudHub
Automotive
Finance Renewals
Finance Configurator
Connect | Is poor quality data holding back your organisation's ability to enhance its financial crime strategy?
A recent S&P500 report showed that 85% of the value of the world's leading Financial Service organisations is held in data assets - And yet only 35% of global CEO's trust the accuracy of their own data. This edition of Connect explores the implications for that lack of accuracy in data for those looking to use technology to protect their businesses and customers from financial crime.
Download now
Fraud prevention & ID
Financial Crime / Risk Management
Consultancy
Detect & prevent fraud from impacting your business
Private Sector
Application Fraud
IFAs & Brokers
Quote Screening
Employee Vetting
Public Sector
Single Persons Discount Screening
Mortality Screening
Effectively mitigate financial crime and compliance breaches
Anti-Money Laundering
Identity & Verification
Compliance
Optimise your financial crime risk strategy.
Financial Crime Assessments
Data Integrity Health Checks
Outsource Data Analysis
Fraud System Optimisation
Fraud System Training
Disaster Recovery
Click here to view all of our consultancy services
Connect | Is poor quality data holding back your organisation's ability to enhance its financial crime strategy?
A recent S&P500 report showed that 85% of the value of the world's leading Financial Service organisations is held in data assets - And yet only 35% of global CEO's trust the accuracy of their own data. This edition of Connect explores the implications for that lack of accuracy in data for those looking to use technology to protect their businesses and customers from financial crime.
Download now
Discover how we have helped solve our clients' challenges across a range of industries
Banking and Finance
Insurance
Retail
Telecoms
Public Sector
Automotive
Utilities
Vehicle Rental
About
What We Do
Our Awards
Corporate Social Responsibility
Our People
Contact Us
Our Capabilities
Careers
Careers at Synectics
Vacancies
Data Protection
Privacy Policy
Cookie Policy
Data Subject Access Request
FAQ
Resources
News
Events
Our Thinking
Who we work with
Our Customers
Our Partners
Connect | Is poor quality data holding back your organisation's ability to enhance its financial crime strategy?
A recent S&P500 report showed that 85% of the value of the world's leading Financial Service organisations is held in data assets - And yet only 35% of global CEO's trust the accuracy of their own data. This edition of Connect explores the implications for that lack of accuracy in data for those looking to use technology to protect their businesses and customers from financial crime.
Download now
Get in touch
Platform
Our Platform
Synectics Financial Crime Risk Management Platform
Intelligence Hub
Data Marketplace
App Store
Our Apps
Private Sector
SIRA
Precision
Sonar
Orion
Case Management
Quote Screening
Transaction Monitoring
Public Sector
AppCheck
FraudHub
Automotive
Finance Renewals
Finance Configurator
Solutions
Fraud prevention & ID
Private Sector
Application Fraud
IFAs & Brokers
Quote Screening
Employee Vetting
Public Sector
Single Persons Discount Screening
Mortality Screening
Financial Crime / Risk Management
Anti-Money Laundering
Identity & Verification
Compliance
Consultancy
Financial Crime Assessments
Data Integrity Health Checks
Outsource Data Analysis
Fraud System Optimisation
Fraud System Training
Disaster Recovery
Industries
Banking and Finance
Insurance
Retail
Telecoms
Public Sector
Automotive
Utilities
Vehicle Rental
Our Thinking
More
About
What We Do
Our Awards
Corporate Social Responsibility
Our People
Contact Us
Our Capabilities
Careers
Careers at Synectics
Vacancies
Data Protection
Privacy Policy
Cookie Policy
Data Subject Access Request
FAQ
Resources
News
Events
Our Thinking
Who we work with
Our Customers
Our Partners

Telecommunications

ADDRESSING EMERGING RISK BEFORE THEY IMPACT YOUR BUSINESS

Improvements to fraud prevention and identification have helped to reduce the volume of facility fraud cases, where handsets are fraudulently secured in person. However, this has been replaced with a growth in facility takeover, with the intent of obtaining unauthorised upgrades, taking advantage of providers’ channels to improve the customer experience and ease of upgrading handsets.

With genuine customer identity used in the majority of identity fraud cases, addressing ever-evolving criminal tactics is a continual challenge.

IDENTITY FRAUD

96% of identity fraud uses genuine customer identity

UNCOLLECTED REVENUE

Telecoms operators face an estimated global average loss of 13% from uncollected revenue and fraud

FACILITY TAKEOVER

450% increase in Telecoms facility takeover cases from 2015-2016

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 fraud and 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 telecommunications clients to understand their specific challenges and identify or develop the right solutions to address them. Our current capabilities help us tackle existing and emerging challenges our clients face including bad debt, identity fraud, device takeover, missed revenues, poor processes and incorrect data usage.

Identification and Verification

Integrate ID verification, money laundering, fraud, device and bank account checks to give you a broad view of the risks associated with an application.
MORE INFORMATION

Fraud and Risk

Providing a suite of analysis and workflow management capabilities to protect businesses from fraud, risk and financial crime via our products SIRA, Precision and Orion.
MORE INFORMATION

Anti-Money Laundering

Combining a breadth of tools and data to ensure a 360 view of data to minimise risk and meet regulatory requirements.
MORE INFORMATION

Compliance

Screening of new and existing customers against a range of comprehensive data sources to help meet your compliance requirements.
MORE INFORMATION

Debt Management

Integrate over 50 data sources and optimise comprehensive workflows, predictive insights and risk scoring to enhance your debt management and recovery strategy.
MORE INFORMATION

Customer Engagement

Find out how our insurance clients use our predictive analytics solution to better protect their business and customers by improving their fraud detection rates
MORE INFORMATION

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+

Contributors

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

200 million

Records held

There are around 200 million records held in National SIRA, the UK’s leading fraud prevention database

"In the great ‘fraud arms race’, could it be that fraudsters have become aware of new detection methods and are now using compromised identities to purchase devices, serving to validate both the identity and purchased device, and then enabling them to obtain financial products leading to lucrative rewards?"
Read the article

Our thinking in telecommunications

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.

Loading...

CONTACT US

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

  • *
  • *

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

  • Address:

    Synectics Solutions Ltd
    Synectics House
    The Brampton
    Newcastle under Lyme
    Staffordshire
    ST5 0QY

Copyright 2020 Synectics Solutions Ltd | Registered in England, No. 2685135 | Privacy Policy