Real time fraud and financial crime intelligence for banking
Built for trust, continuity and control
Detecting risk you cant see alone
Fraud risk in banking is increasingly interconnected, moving across accounts, products and institutions.
Standard identity, AML and transaction‑monitoring controls remain essential. However, on their own they are not designed to expose repeat, cross‑institution behaviour or emerging risk within existing accounts. That creates blind spots, particularly around mule activity, APP fraud and synthetic identities.
Synectics powers National SIRA, a shared fraud intelligence consortium trusted by 80% of the UK’s Tier 1 banks with around 80% coverage of the UK residential mortgage market. This collective participation enables earlier detection of repeat and organised fraud, supporting robust, accurate decisions from onboarding through ongoing monitoring.
Application Fraud
Cleaner account openings from the outset
KYC and identity verification remain the foundation of compliant account opening. They establish who an applicant claims to be and support regulatory obligations at onboarding.
However, application fraud increasingly passes standard identity checks, using impersonation, synthetic construction and coordinated reuse across institutions. What appears legitimate at onboarding often reveals itself later through account misuse or payment fraud.
Synectics helps banks strengthen onboarding decisions by applying cross‑sector fraud intelligence at the point of account opening - improving fraud detection while maintaining smooth, compliant customer journeys.
Ongoing Monitoring & Mule Detection
Insight beyond the transaction
Fraud risk persists once an account is opened. Mule activity and behavioural shifts often emerge before high‑risk transactions occur and beyond what transaction monitoring alone can see.
Synectics enhances existing monitoring through shared, account‑level intelligence, helping banks identify emerging risk earlier, reduce false positives and intervene before harm occurs.
Banks
Designed to integrate, not disrupt
Banks deploy fraud controls in different ways, shaped by their scale, risk appetite and regulatory environment. Synectics works across these models, adding shared, cross‑sector intelligence at key decision points.
By bringing shared fraud intelligence into existing onboarding, payments and monitoring processes, we help banks:
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Strengthen control without disrupting established frameworks
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Reduce blind spots caused by institution‑specific data siloes
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Intervene earlier in evolving threats such as mule activity and app fraud
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Improve decision confidence without increasing friction for genuine customers.
The outcome is not uniformity of approach, but consistency of insight, giving banks the flexibility to apply fraud controls in a way that fits their operating model, risk appetite and regulatory environment.
Building Societies
Fraud control optimised for growth and member trust
Building societies operate across a wide spectrum, from nationally scaled organisations to community‑rooted mutuals, each with its own responsibilities to members, regulators and colleagues. As fraud and financial crime continue to evolve, societies must apply effective controls in ways that reflect their purpose, scale and service model.
By integrating shared fraud and financial crime intelligence into day‑to‑day onboarding, lending, payments and monitoring activity, Synectics enables building societies to:
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Protect member trust while keeping processes clear and explainable
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Identify risk that may be missed by isolated or outdated data sources
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Act earlier against emerging issues such as scams, mule networks and identity misuse
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Support confident decisions without adding unnecessary complexity or delay.
The result is not a single blueprint, but a shared foundation of intelligence, allowing every building society to strengthen fraud prevention in a way that aligns with its values, operational model and regulatory responsibilities.
Private & Specialist Banks
Confidence for complex client relationships
Private wealth and specialist banks face lower volumes but higher impact risk, often involving complex ownership structures, source‑of‑funds scrutiny and heightened regulatory oversight.
By embedding shared fraud and financial crime intelligence into existing processes, Synectics helps private and specialist banks to:
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Identify hidden risk within wealth‑linked, asset‑backed or relationship‑driven profiles
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Detect emerging threats such as mule networks, identity misuse and insider‑enabled fraud
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Strengthen oversight of high‑value transactions and complex payment flows
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Support expert judgement with independent, cross‑sector intelligence.
The result is not standardised control, but informed protection, enabling private and specialist banks to manage fraud and financial crime risk with confidence, while preserving the flexibility, discretion and client experience that define their offering.
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Shared intelligence at market scale
National SIRA connects 180+ banking, finance and public sector organisations, revealing patterns no single institution can see alone. -
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Lifecycle coverage
Insight applied consistently from account opening through ongoing monitoring and investigation, supporting earlier intervention across the customer lifecycle.
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Earlier intervention, lower operational burden
Higher quality alerts, fewer false positives and clearer prioritisation of investigative effort.
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Compliant by design
A Specified Anti‑Fraud Organisation (SAFO), trusted across Tier‑1, digital-first and specialist banks to support defensible, proportionate controls.
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Built to integrate
Designed to work alongside existing AML, transaction monitoring and case management platforms.
Got a challenge or a question?
Get in touch to see how we can work together to prevent fraud and reinforce your defences against emerging threats.
We’d love to hear from you.