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Discover how we have helped solve our clients' challenges across a range of industries

Access a wide variety of intelligence sources to enrich your own data


The more clients know about their customers the better they can make accurate risk assessments about them. Our Data Marketplace provides easy access to a wide variety of third party intelligence sources to enable the enrichment of data to deliver more insight. Additionally access to our unique proprietary data sources can enhance your approach to financial crime and fraud screening to help protect you and your customers.

Experience the benefits of our risk management, financial crime and fraud prevention platform for yourself – talk to us about a proof of concept today

Collaborative intelligence unique to our platform

These include our National SIRA database, a syndicated database which processes 53 million+ applications each year in the UK alone and the National Fraud Initiative database, a collaboration with the Home Office which provides information from over 23 sources including key elements like Home Composition.

National SIRA

The leading consortium database of known fraud and adverse intelligence. Comprising over 300 million rows of data – all provided by over 160 financial services companies that include Tier 1 Banks, Insurers, Retailers, Telco’s and others.

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National Fraud Initiative (NFI)

Access to NFI data is unique to our platform. The data within NFI is provided by 1,300 public and private sector organisations including: Department for Work and Pensions, Home Office and Companies House. It consists of 23 different data sources containing over a third of a billion records.

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Third party intelligence sources

Through our platform, you have access to a wide range of data providers. Our platform enables clients to integrate and orchestrate a variety of additional intelligence as the requirement of their risk analysis adapts over time.

Cifas

The service provides a direct interface to the Cifas National Fraud Database. Users are able to upload proven fraud cases to Cifas directly from the associated enquiry in SIRA reducing the time taken to complete the task.

The service provides a direct interface to the Cifas National Fraud Database. Users are able to upload proven fraud cases to Cifas directly from the associated enquiry in SIRA reducing the time taken to complete the task.

Dow Jones

Dow Jones provide the PEP Screening, Sanctions and Adverse Media data services, providing automated validation to a confirmed list of Politically Exposed Persons (PEPs), Special Interest Persons (SIPS), Relatives and Close Associates (RCAs) and financial sanctions targets, enhancing anti-money laundering controls.

Dow Jones provide the PEP Screening, Sanctions and Adverse Media data services, providing automated validation to a confirmed list of Politically Exposed Persons (PEPs), Special Interest Persons (SIPS), Relatives and Close Associates (RCAs) and financial sanctions targets, enhancing anti-money laundering controls

Equifax

With one of the largest sources of consumer and business data in the world, access to Equifax's rich credit and customer profiling intelligence can enhance your ability to profile and reduce risk.

The service provides a direct interface to the Cifas National Fraud Database. Users are able to upload proven fraud cases to Cifas directly from the associated enquiry in SIRA. Enquiry level details are automatically copied to the upload service reducing the time taken to complete the task.

TransUnion

TransUnion offers a range of unique and innovative credit data screening tools to help clients identify discrepancies and speed up good customer identification.

TransUnion offers a range of unique and innovative credit data screening tools to help clients identify discrepancies and speed up good customer identification.

CRIF

CRIF data provides consumer profiling and information services for the legal and insurance industry to help support decision management and fraud prevention.

CRIF data provides consumer profiling and information services for the legal and insurance industry to help support decision management and fraud prevention.

Claims Underwriting Exchange

The Claims Underwriting Exchange database provides access to a centralised database of home, personal and motor incident claims reported by insurers and is a powerful weapon in the fight against fraudulent claims.

The Claims Underwriting Exchange database provides access to a centralised database of home, personal and motor incident claims reported by insurers and is a powerful weapon in the fight against fraudulent claims.

Emailage

Emailage data uses email metadata as a basis for transactional risk assessment and digital identity validation to provide clients with a more confident picture of the person behind the transactions.

Emailage data uses email metadata as a basis for transactional risk assessment and digital identity validation to provide clients with a more confident picture of the person behind the transactions.

Iovation

Iovation’s global intelligence database of known devices and their reputations contains millions of records of confirmed fraud devices . It's authentication solutions can help clients immediately identify and shut out fraudsters before they can create false accounts.

Iovation’s global intelligence database of known devices and their reputations contains millions of records of confirmed fraud devices . Its authentication solutions can help clients immediately identify and shut out fraudsters before they can create false accounts.

Netwatch

Netwatch offers one of the largest open source and social media investigation databases, specialising in providing powerful open source data which can be used for a variety of risk and legal profiling areas.

Netwatch offers one of the largest open source and social media investigation databases specialising in providing powerful open source data which can be used for a variety of risk and legal profiling areas.

Vulnerability Registration Service

The Vulnerability Registration Service is the UK’s first central register for vulnerable people. It is available for organisations to use to identify vulnerable customers currently using or applying for your services.

The Vulnerability Registration Service is the UK’s first central register for vulnerable people. It is available for organisations to use to identify vulnerable customers currently using or applying for your services.

Our platform in action

Discover how our platform is being deployed by some of our clients.

Connect Edition 10: Is vulnerability a much wider problem for UK financial services?

Vulnerability: is this a much wider problem for UK financial service providers than first thought? Connect is a quarterly round up of trends, insight, features and opinions on fraud prevention and financial crime for the banking and insurance sectors, brought to you by Synectics Solutions. Download to learn: How collaboration could help to address some of the issues concerning vulnerability. What Outcome Orchestration is and the many benefits it offers to companies struggling with high investigation volumes. More from our partners such as TransUnion and NetWatch Global.

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The Real Cost of External Fraud: A Report by The University of Portsmouth

The Real Cost of External Fraud by Professor Mark Button, Dr David Shepherd and Dr Branislav Hock, Centre for Counter Fraud Studies. The University of Portsmouth. The cost of and extent of fraud is frequently reported in the media with a variety of organisations producing estimates of fraud based upon methodologies of varying quality. There are two factors that generally unite these estimates. The first is that they usually show fraud is a major problem and secondly they focus upon only the actual loss from the fraud. Estimates do not generally take into account the collateral damage fraud does to an organisation and the costs that are incurred in dealing with the consequences. There have been very few studies that have sought to estimate the wider costs of dealing with fraud and its consequences. Two of these studies the authors were involved with. The first was a project that sought to investigate the real costs of internal fraud and the second was a study that explored the true costs of recruitment fraud (Button et al, 2013; and Gee et al, 2019). These two studies identified a variety of costs that organisations incur in dealing with fraud, such as the costs of investigation, staff suspension costs, internal disciplinary costs, justice costs, staff replacement costs, miscellaneous costs and intangible costs. These studies showed significant costs on top of the actual fraud loss. The gap in the research to date, has been estimates of the real costs of external fraud. There are clear, practical differences between internal and external fraud. Firstly, victim organisations are usually able to identify internal fraudsters whereas external scammers are often unknown persons, e.g. account redirection fraudsters. Secondly, evidence against internal fraudsters is often more accessible. Thirdly, if the organisation is satisfied with dismissal or other disciplinary sanctions, the quality of evidence required is lower than that necessary for obtaining legal outcomes against external fraudsters. This report addresses this gap by exploring the full costs of external fraud and compares them to the costs of internal fraud. This research was commissioned by Synectics Solutions and is the first study the authors are aware of to identify the full cost of external fraud. It is based upon 39 cases of external fraud from a diversity of organisations. The report begins by identifying the type of costs that are likely to be incurred in dealing with external fraud. It then moves on to explore the findings starting first with the demographic data of the sample before moving on to explore some of the costs identified from the research. Before we embark upon this, however, it is important to define external fraud: A fraud primarily perpetrated by person(s) not directly employed by the organisation who is the victim. This could include: contractors, suppliers, customers and opportunistic and organised criminals targeting the organisation.

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Webinar: How Consortium Data Sources Help to Drive Improvements in Fraud and Financial Crime Defences

Collaboration continues to be a key factor in preventing and detecting fraud and financial crime. In recognition of this the UK Government’s own 2019/20 Economic Crime Plan has made sharing intelligence between public and private sectors one of its top priorities. To explore this important area in more detail, during this year’s final webinar for UK Finance’s Economic Crime Academy, subject matter experts from Synectics Solutions and UK Finance will explore the opportunities and issues around collaboration and the continuing importance of sharing intelligence to help defeat various forms of economic crime. This webinar will give an analysis of what has been achieved over the last few years in this area - as well as sharing success stories to illustrate what good collaboration looks like across both private and public sector sources - and how to overcome the barriers to sharing key information. Other areas covered will include an analysis of how shared intelligence sources are essential to the future success of many AI and Predictive Analytic techniques, as well as advice from members of Synectics Financial Crime Intelligence team and Catriona Still (from the DCPCU) who explore a variety of public /private sector collaborative approaches in progress today. Some of the key objectives in this webinar are: Understanding the importance of collaboration to prevent fraud and financial crime Realising the challenges in adopting a collaborative approach Hearing real case studies from those who have adopted a collaborative approach in their financial crime prevention strategies

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Our bespoke three stage risk management, financial crime and fraud prevention platform:

App store

Configure and customise your platform with a comprehensive range of apps to suit your specific needs.

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Data marketplace

Access industry leading data resources and enrich your own data with access to a wide range of third party intellligence sources.

Intelligence Hub

Manage data complexity simply. We validate, cleanse and orchestrate your data, and transform increasingly complex data into easily managed formats.

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Our Financial Crime Risk Management Platform in action

Discover how our unique platform is being deployed by some of our clients.

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