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COR.IQ
Analytics & Intelligence
Harness the power of Symcor’s networked data ecosystem to combat rapidly evolving fraud threats.
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
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
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
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
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