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COR.IQ

Analytics & Intelligence

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

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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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New! Image Verify from Symcor

Powered by the COR.IQ alliance, Image Verify uses advanced technology to rapidly verify documents, allowing clients to mitigate fraud losses.

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Alliance of Financial Institutions Fighting Fraud

The COR.IQ Alliance is a group of Canadian financial institutions that leverages networked data to flag suspicious transactions, helping to proactively alert members to suspected fraud.

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Fraud Detection Powered by Machine Learning & Advanced Analytics

COR.IQ applies data analytics and machine learning to networked data to detect potential anomalies and generate alerts. This helps financial institutions 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 financial institutions maintain customer trust while providing a convenient and frictionless service experience.

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

Holistically address cheque fraud

Symcor’s Verify takes a holistic approach to fighting cheque fraud. It uses advanced analytics to identify high-risk cheque deposits that could lead to potential losses.

Verify generates a variety of proprietary fraud signals that inform financial institutions about fraudulent activity. It is designed to help alliance members stay ahead of rapidly evolving fraud tactics.

 

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Explore our Verify 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 Instant Verify utilizes COR.IQ network intelligence to generate fraud signals in real-time. Financial institutions are able to prevent suspected cheque fraud and avoid losses by making quick and accurate decisions to hold or release funds.
Get In Touch

Explore our Instant Verify capabilities

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

Detect cheque fraud with document image verification

Symcor’s Image Verify utilizes COR.IQ network intelligence to detect fraud before funds are released. It utilizes advanced Optical Character Recognition technology which scans hundreds of thousands of cheques daily. Image Verify leverages networked data to maximize fraud detection.

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Explore our Image Verify capabilities

Payee Name Match
Detects cheques that do not belong to the deposit owner.
Cheque Stock Verification
Detects cheques that contain characteristics not consistent with historical cheques drawn on the same account.
Counterfeit Cheque Template
The system flags any cheques taken on deposit that are highly suspicious of being counterfeit cheques based on known fraudulent cheque templates.
  • Verify

    Holistically address cheque fraud

    Symcor’s Verify takes a holistic approach to fighting cheque fraud. It uses advanced analytics to identify high-risk cheque deposits that could lead to potential losses.

    Verify generates a variety of proprietary fraud signals that inform financial institutions about fraudulent activity. It is designed to help alliance members stay ahead of rapidly evolving fraud tactics.

     

    Get in Touch

    Explore our Verify 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.
  • Instant Verify

    Detect fraud in real-time

    Symcor's Instant Verify utilizes COR.IQ network intelligence to generate fraud signals in real-time. Financial institutions are able to prevent suspected cheque fraud and avoid losses by making quick and accurate decisions to hold or release funds.
    Get In Touch

    Explore our Instant Verify capabilities

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

    Detect cheque fraud with document image verification

    Symcor’s Image Verify utilizes COR.IQ network intelligence to detect fraud before funds are released. It utilizes advanced Optical Character Recognition technology which scans hundreds of thousands of cheques daily. Image Verify leverages networked data to maximize fraud detection.

    Get In Touch

    Explore our Image Verify capabilities

    Payee Name Match
    Detects cheques that do not belong to the deposit owner.
    Cheque Stock Verification
    Detects cheques that contain characteristics not consistent with historical cheques drawn on the same account.
    Counterfeit Cheque Template
    The system flags any cheques taken on deposit that are highly suspicious of being counterfeit cheques based on known fraudulent cheque templates.

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