Fraud Prevention Month 2023

Raising fraud awareness and promoting confidence in the marketplace to Recognize, Reject and Report Fraud.

Symcor is proud to partner with the Competition Bureau of Canada as a member of the Fraud Prevention Forum

Co-chaired by the Competition Bureau, the Royal Canadian Mounted Police, the Canadian Anti-Fraud Centre and comprising of over 60 organizations, the Forum is committed to fighting fraud aimed at consumers and businesses and educating Canadians how to Recognize, Reject, and Report fraud.

The month of March is annually identified as Fraud Prevention Month, where members of the Forum align to increase fraud awareness and promote confidence in the market.

Follow the conversation on LinkedIn, using #FPM2023.

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Join COR.IQ, Symcor’s powerful network to fight against fraud

Fraud is more pervasive than ever as fraudsters continually shift their tactics and exploit traditional banking silos. Organizations need a fraud detection model that is collaborative and enables them to detect signs of fraud and examine irregularities, rapidly and at scale.

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COR.IQ

Symcor’s innovative anti-fraud alliance facilitates collaboration across member banks to help identify fraud at scale with speed, accuracy, and ease.

Verify

Symcor’s Verify uses advanced analytics to identify high risk cheque deposits that could lead to potential fraud.

$24.6M total fraud losses avoided.
80% of identified fraud was prevented
(Nov 2022 – Jan 2023)

Instant Verify

Symcor’s Instant Verify generates fraud signals in real time to prevent suspected cheque fraud and avoid losses.

$303K total fraud losses avoided
90% of identified fraud was prevented
(Nov 2022 – Jan 2023)

Image Verify

Symcor’s Image Verify uses advanced technology to detect fraud before funds are released.

$4.4M total fraud losses avoided
94% of identified fraud was prevented
(Nov 2022 – Jan 2023)

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Fraud Prevention Month 2023

Symcor is proud to partner with the Competition Bureau of Canada as a member of the Fraud Prevention Forum

Join COR.IQ, Symcor’s powerful network to fight against fraud

COR.IQ

Verify

Instant Verify

Image Verify

Fraud Losses Increase Every Year