See risk before it becomes loss
Fraudsters exploit the gaps between systems, sectors, and customer journeys, often leaving signals elsewhere before suspicious behaviour becomes visible internally.
Synectics helps banks, building societies and regulated financial institutions identify emerging fraud and financial crime risk earlier through shared intelligence, ongoing monitoring, and configurable controls that support faster, more confident decisions.
Fragmented fraud controls leave banks exposed
Fraud in banking is increasingly connected, moving across accounts, products and institutions before suspicious behaviour becomes visible internally.
Identity checks, AML controls and transaction‑monitoring controls remain essential but on their own they are not designed to expose repeat, cross‑institution behaviour or emerging risk across 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.
By operationalising this cross-sector intelligence across the customer lifecycle from onboarding through ongoing customer monitoring, Synectics helps banks identify emerging risk earlier, tailor fraud controls to their operational priorities and intervene before losses escalate.
Detect mule and APP risk earlier
Identify emerging account misuse before losses escalate.
Reduce operational workload
Prioritise high-risk activity while reducing unnecessary investigations and manual reviews.
Support growth without increasing fraud exposure
Maintain fast onboarding and customer experience while strengthening fraud controls.
Tailor controls to your operational priorities
Adapt rules, thresholds, and monitoring strategies to your risk appetite and resource capacity.
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
Spot emerging risk early, before money moves
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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"Faster mortgage decision making was a key goal of our digital transformation. And with Synectics’ real-time risk solutions, we made it happen. We’ve automated key checks, reduced manual referrals and all but eliminated false positives. My underwriters now have vital insight to act earlier, whether that’s fast-tracking good applications or flagging risk. Now, we can move mortgage journeys from application to offer faster with confidence, and we’re fully set up for more innovation ahead."
Jennifer BirchFinancial Crime Manager, Melton Mowbray Building Society
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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.