Company Research Report: Synalogik Innovative Solutions Ltd
Company Overview
Name: Synalogik Innovative Solutions Ltd
Mission: To revolutionize how criminality and risk are detected, prevented, and prosecuted through the use of cutting-edge data aggregation and automation technology.
Founded: More than 4 years ago (exact date not provided) by experts from intelligence, law enforcement, and investigation industries, including former police officers and security professionals.
Headquarters: Shell Store, Canary Drive, Skylon Park, Hereford, HR2 6SR, United Kingdom
Number of Employees: 70+
Revenue: No information is available.
What is the Company Known For: Synalogik is known for their flagship product, Scout®, an automated data aggregation platform that significantly enhances due diligence checks and fraud investigation processes.
Key People
- Gareth Mussell: CEO, and Chief Product Officer, driving key features and innovations.
- Andrew Booth: Chief Operations Officer
- Mike Fowler: Chief Technology Officer
- Andrew Hastie: Non-Exec Director
Products
Scout®
An automated data aggregation platform enabling rapid and compliant fraud detection, KYC, AML, enhanced due diligence (EDD), and risk assessment.
High-Level Description:
Scout® integrates multiple internal, external, and open-source datasets into one platform, automating the aggregation, analysis, and reporting processes. This reduces the time and effort needed for investigations from hours to seconds.
Key Features:
- Data Aggregation: Automated searches across third-party, internal, and open-source datasets in near-real time.
- Automated Reports: Standardized presentations of AML, KYC, and EDD search results.
- Risk Assessment: Sophisticated rules to search for, score, and highlight specific risks.
- Open Source Intelligence: Advanced filters and risk assessment tools for targeted searches.
- Workflow Templates: Customizable workflows for various business needs such as KYC, KYB, AML, EDD, and fraud investigations.
- Synalogik Knowledge Base: Remembers previous searches for enhanced investigation efficiency.
- Monitoring Functionality: Near-real-time updates on changes in the supply chain.
- Advanced Investigations: Link analysis to view connections between entities and datasets.
Recent Developments
New Product Launches
- Scout® for NHS Fraud Detection and Prevention Investigations
- Scout® for Retailers: Enables automation of fraud, AML compliance, supply chain due diligence, and employee vetting.
New Features Added to Existing Products
- Scout® Knowledge Base: Enhanced with the functionality to remember previous searches and alert if a customer is linked to a previous investigation.
- Open Source Intelligence Filters: Enhanced with advanced timers, document type filtering, and keyword proximity filters.
Partnerships
- Amazon Web Services (AWS): Partnership to enhance technical solutions for the UK Public Safety Market.
- Entain: Collaboration to improve customer protection.
- NatWest Group: Agreement to enhance corporate governance.
- Buzz Bingo: Partnership to automate and enhance customer experience and player profiling.
Conclusion
Synalogik Innovative Solutions Ltd leverages their Scout® platform to significantly enhance due diligence and fraud detection processes across multiple sectors including banking, insurance, gaming, law enforcement, and governmental agencies. Their recent developments and strategic partnerships underscore their commitment to leading in data aggregation and automation for risk and compliance management.
