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COR.IQ

Analytics & Data Services

Harness the power of Symcor's networked data ecosystem and fraud alliance: COR.IQ

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Join our powerful fraud-fighting network

Modern fraud is more pervasive than ever as fraudsters continually shift their tactics and exploit traditional banking silos. Organizations need an entirely new fraud detection model, one that is collaborative and enables them to detect signs of fraud and examine irregularities, rapidly and at scale. 
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Alliance of Financial Institutions Fighting Fraud

COR.IQ is an alliance of Canadian financial institutions (FIs) that leverages networked data to flag suspicious transactional activity, helping to proactively alert participating FIs of suspected fraud.

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Fraud Detection powered by Artificial Intelligence & Advanced Analytics

COR.IQ applies data analytics and artificial intelligence to networked data to detect potential anomalies and generate alerts. This helps FIs examine the risk profile of a transaction and establish their trust in it with speed, accuracy, and ease.

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COR.IQ: Security & Trust

COR.IQ is designed with privacy in mind at every layer, creating a secure framework for the alliance to leverage fraud insights with confidence. Backed by a strong foundation of security and industry-leading data governance controls, COR.IQ helps FIs maintain customer trust while providing a convenient and frictionless service experience.

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Harness the power of an alliance-based approach to fight fraud. Protect your customers and reduce your fraud losses through the COR.IQ Alliance

Holistically address cheque fraud

Symcor’s Cheque Fraud Solution (CFS) takes a holistic approach to fighting cheque fraud. CFS uses advanced analytics to identify high-risk cheque deposits that could lead to potential losses.

CFS generates a variety of fraud signals that inform FIs about fraudulent activity. CFS is designed to keep pace with rapidly evolving fraud tactics

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Explore our Cheque Fraud Solution Capabilities

Duplicate Cheque
Identifies duplicate deposits, both intra-bank and across participant member banks.
Account Status Lookup
Enables members to query account validity and status across participants.
Kiting
Identifies potential kiting schemes across participants.
Behavioural Analytics
Analyzes new cheques against known chequing transactions to detect anomalies.
Government Cheque Fraud
Analyzes government-issued cheques for alteration or counterfeits.
Balance Signal
Verifies cheque details at source, confirming availability of funds in the cheque issuing account at the time of deposit.
Real-Time API
Real-time API enables clients to query CFS and receive fraud indicators in real-time
  • Cheque Fraud Solution

    Holistically address cheque fraud

    Symcor’s Cheque Fraud Solution (CFS) takes a holistic approach to fighting cheque fraud. CFS uses advanced analytics to identify high-risk cheque deposits that could lead to potential losses.

    CFS generates a variety of fraud signals that inform FIs about fraudulent activity. CFS is designed to keep pace with rapidly evolving fraud tactics

    Get in Touch

    Explore our Cheque Fraud Solution Capabilities

    Duplicate Cheque
    Identifies duplicate deposits, both intra-bank and across participant member banks.
    Account Status Lookup
    Enables members to query account validity and status across participants.
    Kiting
    Identifies potential kiting schemes across participants.
    Behavioural Analytics
    Analyzes new cheques against known chequing transactions to detect anomalies.
    Government Cheque Fraud
    Analyzes government-issued cheques for alteration or counterfeits.
    Balance Signal
    Verifies cheque details at source, confirming availability of funds in the cheque issuing account at the time of deposit.
    Real-Time API
    Real-time API enables clients to query CFS and receive fraud indicators in real-time

COR.IQ – Innovate, Collaborate, and Accelerate Change

COR.SPARK Innovation Summit

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"The dialogue between our organization and Symcor had been very open and transparent. They know our business and provide their expertise in a timely and targeted manner."

One of Canada’s leading financial institutions