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Analytics & Intelligence

Harness the power of Symcor’s networked data ecosystem to combat rapidly evolving fraud threats.

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Join our Powerful Fraud-Fighting Network


Enhance fraud detection accuracy and reduce losses by leveraging signals generated by the COR.IQ anti-fraud alliance.

New! Symcor launches Payee Verify

A real-time solution to combat authorized payment fraud.
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Fraud Prevention

Essential Verify

Symcor’s essential solution to stay ahead of multiple types of cheque fraud.

  • Apply advanced data modelling based on networked data from Canadian financial institutions
  • Identify high-risk deposits and withdrawals with proprietary fraud alerts
  • Seamlessly review and decision fraud alerts through a convenient portal

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Benefits of Essential Verify

High degree of accuracy through access to networked data

Reduction in fraud losses due to highly accurate fraud alerts

Access a coalition of industry leaders to build collaborative fraud fighting strategies

Real-time Fraud Prevention

Instant Verify

Strengthen your fraud detection efforts with the inclusion of

real-time alerts. 

  • Add Instant Verify to your fraud protection suite to protect against balance and account status fraud 

- Detect suspicious transactions in real-time
- Validate payor account information to avoid insufficient funds status

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Benefits of Instant Verify

Expedite review and decisioning of suspicious transactions

Ensures accounts are adequately funded

Efficiently monitor alerts through seamless integration with Verify portal

Fraud Prevention through Image Analysis

Image Verify

Supplement your fraud detection solution suite by effectively detecting cheque fraud before full release of funds

  • Add Image Verify  for image analysis-based fraud detection 

- Harness the power of machine learning and optical character recognition technology
- Scan and assess hundreds of thousands of cheques 
- Interpret unique characteristics of Canadian cheques
- Compare against a large database of known counterfeit cheques

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Benefits of Image Verify

Identify counterfeit cheques with speed through access to robust counterfeit cheques database

Efficiently monitor alerts through seamless integration with Verify portal

Minimize fraud losses through accelerated detection of suspicious cheques powered by Image Analysis


"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

Frequently Asked Question
Symcor’s COR.IQ solutions help financial institutions fight financial crime and prevent payment fraud.
COR.IQ is the only solution in the market that uses networked data through a collaboration of Canadian financial institutions, the anti-fraud alliance, for an integrated approach to fraud detection. Networked data combined with advanced technologies enable unparalleled capabilities for COR.IQ members to detect and prevent fraud.
COR.IQ solutions are designed to assist organizations mitigate fraud through  payee name verification, counterfeit cheque detection, identification of duplicate cheques, identification of government cheque fraud as well as detection of cheques with insufficient funds.
Explore our other product offerings

Open Banking Solutions

Unlock the world of Open Banking – Symcor enables secure data exchanges across an extensive network.

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Customer Communications & Experience

We offer a suite of outbound customer communication solutions to help accelerate the digital transformation journey.

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Process Optimization

Through our industry-leading solutions, we can help you build stronger relationships with your customers at scale.

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Payment Processing

Our extensive experience in the payments space enables us to understand short and long-term business needs within the evolving payments landscape.

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