COR.IQ
Analytics & Data Services
Harness the power of Symcor's networked data ecosystem and fraud alliance: COR.IQ
Join our powerful fraud-fighting network
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.
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.
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.
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
Explore our Cheque Fraud Solution Capabilities
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Cheque Fraud Solution
Holistically address cheque fraud
Get in TouchSymcor’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
Explore our Cheque Fraud Solution Capabilities
Duplicate ChequeIdentifies duplicate deposits, both intra-bank and across participant member banks.Account Status LookupEnables members to query account validity and status across participants.KitingIdentifies potential kiting schemes across participants.Behavioural AnalyticsAnalyzes new cheques against known chequing transactions to detect anomalies.Government Cheque FraudAnalyzes government-issued cheques for alteration or counterfeits.Balance SignalVerifies cheque details at source, confirming availability of funds in the cheque issuing account at the time of deposit.Real-Time APIReal-time API enables clients to query CFS and receive fraud indicators in real-time
COR.IQ – Innovate, Collaborate, and Accelerate Change
"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
Fueled by new technologies, see how we are helping move the industry forward.
