About Synalogik
Synalogik is a pioneer in data aggregation and automation software for carrying out investigations, including those that require multiple disparate data sources. Whether you need to carry out fraud detection, compliance or enhanced due diligence, our data agnostic approach improves the efficiency and effectiveness of your investigation.
Read on to find out how we got started, and why we are truly transformative.
The problem with manual investigations
Synalogik was started more than 4 years ago, when our founders became increasingly frustrated with the technology available to help them complete investigations that required multiple data sources.
While some aggregation solutions existed to support their investigations, invariably, tools were limited. Available datasets were proprietary to specific businesses and never provided enough data, alone, to conclude an investigation satisfactorily.
The result being that an investigator or analyst would have risks that required deeper analysis and evaluation which would inevitably need additional data sources. This created a laborious, time-consuming task to manually aggregate the data from various sources and cross reference what was found to create compelling reports.
A complete automation solution over multiple data sources
From this challenge, was born the vision for Scout®. A data aggregation platform that would be data agnostic, integrating Synalogik, third party, open source, and internal data; in doing so allowing organisations to aggregate data quickly, to complete all aspects of enhanced due diligence, fraud investigation, vetting, third party risk assessment or any other data-based analysis or investigation in one platform.
We work with clients to integrate all the data sources they use most, however they are stored, and pull those searches into automated workflows to save clients time and give them the data to make better decisions.
Commercial sector expansion
Initially designed for Government, we quickly discovered that the commercial sector was facing the same challenges around aggregating data over multiple data sources, and the availability of technology that could offer a single source to carry out automated enhanced due diligence and sophisticated fraud detection investigations.
Our clients now include Hastings Direct, Natwest Group, Entain Plc, Buzz Bingo, Marble Arch, Solicitors and The Insolvency Service. In fact, Scout® has become the compliance platform to more than a third of the UK gambling market, 10% of the UK insurance market, it has won more than half a million pounds in grants through Innovate UK, as well as helping law firms uncover perpetrators of fraud and verify supply chain issues.
In 2020, in support of our technology and rapid growth we received our first seven-figure investment. In January of 2022, we secured a Series A investment of more than £3M from the William Currie Group and former Tesco CEO Sir Terry Leahy. That investment has been used to expand the business from around 30 employees to now 65+ and launch us as a data provider.
Our awards are numerous, including the Queen’s Award for Innovation in 2022, RegTech and CyberTech 100s, and the SBC Gambling Awards shortlist in the category of Fraud and Compliance Solution.
Keeping True to Our Vision
Throughout the last 4 years our vision and mission has remained the same. To help organisations that need to discover and evaluate risk to do so more efficiency through a data agnostic approach to the integration of data sources, and better tools to aggregate, analyse and visualise the links between entities, reduce false positives and report findings. In doing so, we enable analysts to make better decisions, and organisations to increase profitability and customer satisfaction, whilst protecting their reputation, reducing risk, and ensuring that they operate compliantly.
Along with Synalogik, internal data and open source, Scout® has out-of-the-box third party data integrations with CRIF, Creditsafe, TransUnion, LexisNexis, Equifax, W2 Global, the Claims Underwriting Exchange (“CUE”) data set for the insurance sector.
Synalogik datasets include standard, enhanced and premium personal identifiable information (PII); global commercial data; PEPs and Sanctions; credit application; disposable phone and email; credit address links; CCJ and bankruptcy; land registry; and compromise checker, among others.
Our clients
Our partners