Precision

Precision, our award-winning predictive analytics software, enables organisations to prevent fraud and make fast, automated, customer-focused decisions based on unique reference data and custom rules. The powerful combination of data insight and predictive analytics enables organisations to leverage successful outcomes for onboarding, screening and risk-assessment activities – using fraud checks to group applications into risk cohorts to fast-track good customers and filter out bad ones. Precision works by tapping into a wide source of relevant and timely data, including Synectics’ proprietary National SIRA risk intelligence database and public sector data from the National Fraud Initiative (NFI). Plus, because Precision is delivered on a software-as-a-service model, it is very cost-effective and rules algorithms are bespoke based on each organisation’s risk strategy.

Preventative Fraud Strategy Make fast and accurate automated decisions Responsive to changing risks Real-time analysis and results Highly configurable risk strategy Drive Operational efficiencies with machine learning Improve customer journey – identify and board good customers faster Software as a Service (SaaS) – cost effective and easy to integrate with existing systems.