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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

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 members to 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 transactions and establish their trust in them with speed, accuracy, and ease.

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COR.IQ: Security & Trust

COR.IQ is designed with privacy at the forefront of 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 proprietary fraud signals that inform FIs about fraudulent activity. CFS is designed to help alliance members stay ahead of 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.
Behavioural Analytics
Analyzes new cheques against known chequing transactions to detect anomalies.
Government Cheque Fraud
Analyzes government-issued cheques for alteration or counterfeits.

Detect Fraud in Real-Time

Symcor's CFS API Solution utilizes COR.IQ network intelligence to generate fraud signals at the point of deposit, in real-time. Financial institutions (FI’s) are able to prevent suspected fraud and avoid losses by making quick and accurate decisions to hold or release funds.
Get In Touch

Explore our Cheque Fraud Solution API Capabilities

Real-Time API
Receive fraud indicators in real-time by querying CFS.
Account Status Lookup
Query account validity and status across participants.
Balance Signal
Verify cheque details at source, confirming availability of funds in the cheque issuing account at the time of deposit.
  • Cheque Fraud Solution Foundational

    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 proprietary fraud signals that inform FIs about fraudulent activity. CFS is designed to help alliance members stay ahead of 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.
    Behavioural Analytics
    Analyzes new cheques against known chequing transactions to detect anomalies.
    Government Cheque Fraud
    Analyzes government-issued cheques for alteration or counterfeits.
  • Cheque Fraud Solution API

    Detect Fraud in Real-Time

    Symcor's CFS API Solution utilizes COR.IQ network intelligence to generate fraud signals at the point of deposit, in real-time. Financial institutions (FI’s) are able to prevent suspected fraud and avoid losses by making quick and accurate decisions to hold or release funds.
    Get In Touch

    Explore our Cheque Fraud Solution API Capabilities

    Real-Time API
    Receive fraud indicators in real-time by querying CFS.
    Account Status Lookup
    Query account validity and status across participants.
    Balance Signal
    Verify cheque details at source, confirming availability of funds in the cheque issuing account at the time of deposit.

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."

COR.IQ Alliance Member, one of the top 5 Financial Institutions in Canada