Synectics Solutions
Synectics Solutions is a UK-based fraud prevention SaaS provider operating the National SIRA cross-sector risk intelligence consortium, serving 180+ banks, insurers, lenders, telecoms operators, and public sector organisations with AI-augmented fraud decisioning and identity verification.
- Company typePrivate
- Founded1992
- HeadquartersNewcastle Under Lyme, United Kingdom
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What Synectics Solutions does
Synectics Solutions is a UK-based fraud prevention SaaS provider, founded in 1992 and headquartered in Stoke-on-Trent. The company operates National SIRA, described as the UK's largest cross-sector risk intelligence database, with contributions from 160+ financial services providers and 350+ million screening requests processed annually. Synectics serves 180+ partners and clients across banking, insurance, lending and consumer credit, telecoms, and the public sector, and reports cumulative fraud savings of over £9 billion across its customer base. Notable named clients include Aviva, Allianz, AXA, NFU Mutual, MS Amlin, Santander, OSB Group, Metro Bank, Starling Bank, AGEAS, Swinton, esure, Somerset Bridge, Sky Mobile, and the UK Cabinet Office.
The platform combines syndicated risk intelligence with proprietary AI/ML capabilities delivered through a modular product suite. Core products include the SIRA orchestration and case-management platform (the consortium backbone), Precision AI predictive analytics (returning explainable decisions in under five seconds), SynID digital identity verification (achieving an 80% pass rate versus a 50% industry average), Document Fraud Detection (AI plus forensic analysis over a cross-sector document intelligence library), and SONAR continuous portfolio screening for ongoing AML and Customer Duty compliance. The architecture supports application fraud prevention at the front gate, real-time identity verification, manipulated document screening, and lifecycle monitoring across the customer relationship.
Synectics operates an enterprise field-sales go-to-market with free Proof of Concept evaluations, structured Data and Requirements Workshops, and dedicated Client Success, Account Development, and Service Delivery teams post-sale. Pricing is annual subscription-based, tailored to organisation size and screening volume. The company is privately held (Synectics Solutions Ltd., incorporated in England) with no disclosed external funding, M&A activity, or subsidiaries, and operates solely within the UK market. Reported turnover is £30 million with 251–500 employees.
Synectics Solutions firmographics
Firmographics- Name
- Synectics Solutions
- Legal name
- Synectics Solutions Ltd.
- Website
- https://synectics-solutions.com
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Synectics Solutions is a UK-based fraud prevention SaaS provider operating the National SIRA cross-sector risk intelligence consortium, serving 180+ banks, insurers, lenders, telecoms operators, and public sector organisations with AI-augmented fraud decisioning and identity verification.
- Ownership category
- akta.pro rank
Synectics Solutions industry classification
Industry- Product category
- Fraud Prevention Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Other Activities Related to Credit Intermediation (522390)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Fraud Detection & Transaction Monitoring (FSAMALAA)
- akta.pro secondary industries
- AML/CFT & Financial Crime Compliance (FSAFAOAD), Risk, Fraud & 3DS Orchestration for Payments (FSAGABAL)
Keywords
Where Synectics Solutions is headquartered
LocationHeadquarters
- HQ city
- Newcastle Under Lyme
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Synectics Solutions business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Fraud Prevention SaaS Subscriptions: Enterprise SaaS subscription model providing access to fraud prevention platform, risk intelligence database, and AI-powered analytics. Pricing based on organization size and usage volume. Includes Proof of Concept evaluation, implementation support, and ongoing client success management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise subscription pricing |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels7 records
Synectics Solutions product offering
Product offeringCore offering
Synectics Solutions sells an enterprise fraud prevention SaaS platform built around National SIRA, the UK's largest cross-sector risk intelligence consortium contributed to by 160+ financial services providers. The platform combines a SIRA orchestration engine with AI-powered predictive analytics (Precision), real-time digital identity verification (SynID), AI-driven document fraud detection, and continuous on-book AML/risk screening (SONAR) to help banks, insurers, lenders, telecoms, and public sector organizations prevent application fraud, fast-track genuine customers, and meet FCA, AML/KYC, and Consumer Duty requirements.
Product overview
Synectics Solutions provides a modular fraud prevention platform centered on National SIRA, the UK's largest cross-sector risk intelligence consortium. The core SIRA orchestration platform powers application fraud prevention across 180+ partners, supplemented by Precision AI (predictive analytics engine), SynID (digital identity verification), Document Fraud Detection (fake document screening), and SONAR (continuous AML/on-book screening). These solutions work together: National SIRA provides the syndicated risk intelligence data layer that feeds into Precision AI for predictive scoring, SynID for identity verification, Document Fraud Detection for document authentication, and SONAR for ongoing customer monitoring. The architecture enables real-time decisions in under five seconds while maintaining fraud detection rates of 90%+ and reducing false positives.
Differentiator
Problem solved
Functional benefit
Products and services
- National SIRA UK's largest cross-sector risk intelligence consortium and orchestration platform powering fraud prevention decisions for 180+ financial services organizations; processes over 350 million screening requests annually and ingests shared fraud and suspicious risk signals from 160+ contributors.
- Precision AI-powered predictive analytics engine that detects third-party fraud earlier and applies friction-right controls, drawing on National SIRA intelligence, National Fraud Initiative data, bureau insights, and device-level signals to make decisions in under five seconds.
- SynID Digital identity verification tool that validates identities in real time using National SIRA fraud database and public sector data, achieving 80% pass rates versus a 50% industry average and supporting thin-file and ID-challenged customers.
- Document Fraud Detection AI and forensic analysis solution for detecting fake documents including fraudulent bank statements, forged claims evidence, and manipulated documents in real time using an expanding cross-sector intelligence library.
- SONAR Continuous portfolio screening solution that automates on-book customer monitoring and AML/KYC compliance checks throughout the customer lifecycle, identifying critical risk events as they occur.
- SIRA Orchestration Platform Fraud orchestration and case-management platform enabling tailored rules, thresholds, and fraud team workflows that power the National SIRA consortium with configurable controls for real-time decisioning.
Quantifiable outcome
- 64% faster fraud detection speed
- +10 more outcomes
Companies that use Synectics Solutions
Customer profileNamed customers18 records
Segments5 records
Ideal customer profiles4 records
Synectics Solutions technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature6 records
Synectics Solutions partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and strategic.
- MitekcorePartnership combining Mitek's identity verification technology with Synectics' fraud orchestration and cross-sector risk intelligence for UK insurers. Targets £1 billion in fraudulent claims detected annually, helps meet FCA Consumer Duty requirements without adding friction for legitimate customers. Specifically addresses 'thin-file' applicants with limited financial histories.
- British Insurance Brokers' Association (BIBA)coreAssociate membership bringing fraud prevention intelligence to BIBA's broker network. Synectics shares insights from National SIRA database (350+ million screening requests annually) to help members understand emerging fraud trends and streamline onboarding processes.
- NFU MutualcoreStrategic partnership ensuring genuine customers receive protection while detecting fraud. NFU Mutual leverages National SIRA risk intelligence for policyholder fraud prevention.
- MS Amlin InsurancecoreExpanded partnership implementing 'quote to claim' fraud prevention across multiple insurance lines. MS Amlin leverages Synectics solutions for comprehensive fraud detection throughout the policy lifecycle.
- Pay.UKstrategicResearch collaboration with Pay.UK identifying scam prevention approach that could save over £100 million in annual payment fraud losses. Combined syndicated insight and AI to demonstrate prevention capabilities.
- Allianz UKcorePodcast partnership discussing commercial insurance fraud trends. Allianz reveals how they combine new technologies and human expertise for high-stakes fraud challenges. Multi-part series exploring current fraud landscape.
- National SIRA ConsortiumcoreUK's largest cross-sector risk intelligence database with 160+ financial services providers contributing data. Processes 350+ million screening requests annually. Foundation for all Synectics fraud prevention solutions.
Scale indicators15 records
Recent moves6 records
Expansion highlights6 records
Synectics Solutions competitors and assessment
Company assessmentDirect peers
- Featurespace: UK-headquartered fraud detection and AML platform using adaptive behavioral analytics (ARIC platform). Directly competes with Synectics in UK banking, lending, and insurance for application fraud, transaction monitoring, and AML use cases, often pitching head-to-head into the same enterprise customers.
- Feedzai: Global cloud-native financial crime prevention platform offering transaction monitoring, application fraud, and AML. Competes with Synectics' Precision AI and SIRA orchestration in banking and payments, with a stronger international footprint and venture backing.
- Shift Technology: AI-native insurance fraud detection platform deployed by leading global insurers. Directly competes with Synectics' insurance vertical use cases (quote-to-claim, document fraud, claims fraud) with a stronger cloud-native and international proposition.
- FRISS: Insurance fraud detection SaaS for property & casualty, with strong UK and European insurer penetration. Competes head-to-head with Synectics in the insurance vertical for fraud detection at quote, underwriting, and claims stages.
Broad incumbents
- FICO: Global analytics and decisioning incumbent with the Falcon fraud platform widely deployed across UK and global banks. Competes with Synectics on application fraud and transaction monitoring but as part of a broader credit-scoring and analytics portfolio.
- LexisNexis Risk Solutions: Operates ThreatMetrix, a global digital identity and fraud prevention network. Overlaps with Synectics' National SIRA consortium model at a much larger international scale, often displacing regional consortium-based vendors in multinational bank RFPs.
- NICE Actimize: Enterprise AML, fraud, and financial-crime compliance platform from NICE. Competes with Synectics' SONAR continuous screening and overall fraud/AML offering to large banks and insurers, with a much broader regulatory technology portfolio.
Emerging players
- BioCatch: Behavioral biometrics fraud detection vendor used by major UK and global banks. Competes with Synectics on real-time fraud signals but focuses on session-level behavioral analytics rather than syndicated cross-industry intelligence.
- Callsign: UK-based identity verification and authentication vendor. Competes with Synectics' SynID for digital identity verification and onboarding fraud use cases across UK banks and financial services.
- Onfido (Entrust): AI-based digital identity verification provider, now part of Entrust. Overlaps with Synectics' SynID for KYC and onboarding identity verification, particularly in fintech, banking, and lender segments.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Synectics Solutions social profiles
Digital presenceSynectics Solutions compliance and trust
Trust signalCompliance2 records
Synectics Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Synectics Solutions leadership team
Management profileNumber of profiles
Profiles15 records
Synectics Solutions funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Synectics Solutions M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Synectics Solutions
What does Synectics Solutions do?
Synectics Solutions sells an enterprise fraud prevention SaaS platform built around National SIRA, the UK's largest cross-sector risk intelligence consortium contributed to by 160+ financial services providers. The platform combines a SIRA orchestration engine with AI-powered predictive analytics (Precision), real-time digital identity verification (SynID), AI-driven document fraud detection, and continuous on-book AML/risk screening (SONAR) to help banks, insurers, lenders, telecoms, and public sector organizations prevent application fraud, fast-track genuine customers, and meet FCA, AML/KYC, and Consumer Duty requirements.
Is Synectics Solutions a public or private company?
Synectics Solutions is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Synectics Solutions founded?
Synectics Solutions was founded in 1992. It employs 251 to 500 people.
Where is Synectics Solutions based?
Synectics Solutions is headquartered in Newcastle Under Lyme, United Kingdom, in the Europe region.
How does Synectics Solutions make money?
One revenue line is on record: fraud Prevention SaaS Subscriptions.
Who are Synectics Solutions's main competitors?
Direct peers on record are Featurespace, Feedzai, Shift Technology and FRISS. Broad incumbents are FICO, LexisNexis Risk Solutions and NICE Actimize. Emerging players are BioCatch, Callsign and Onfido (Entrust).
Does Synectics Solutions have an API?
No public API is recorded for Synectics Solutions.
What industry is Synectics Solutions in?
Synectics Solutions's product category is Fraud Prevention Software. Its primary akta.pro industry code is FSAMALAA, Fraud Detection & Transaction Monitoring, with a secondary code of FSAFAOAD, AML/CFT & Financial Crime Compliance. Its NAICS code is 522320 and its SIC code is 7372.