By Simon Wright Aug 3, 2022
SYNALOGiK, a number one supplier of knowledge aggregation, automation and danger identification software program options for compliance and fraud investigations, yesterday held their Queen’s Award for Innovation Presentation Ceremony at Hub8 in Cheltenham.
The award trophy was introduced by HRH Prince Richard, the Duke of Gloucester.
The innovation award was given as a result of their information aggregation platform, Scout®, and its contribution to preventing monetary crime and serving to organisations with regulatory compliance throughout each the private and non-private sector.
Since its creation in 2018, Scout® has shortly gained shoppers throughout the playing, insurance coverage, banking, authorized and public sector; together with Entain Plc, Buzz Bingo, Betway, Hastings Direct, AIG Life and varied Authorities businesses.
It’s utilized by 25% of the playing trade, (by operator income), providing the primary ever automated enhanced due diligence information aggregation and reporting answer.
Gareth Mussell, CEO at Synalogik, stated: “It’s an honour to obtain such a prestigious award because the Queen’s Award for Innovation. I’m immensely proud that our answer is getting used to establish, examine and detect criminality in quite a few industries internationally.”
“The award is an impressive achievement for the staff, it clearly highlights their exhausting work and dedication over the previous three years.”
“2022 has been an enormous yr for us, we began the yr with new funding, our staff has doubled in measurement, and now we have opened a brand new workplace in Chester. Our product roadmap is extraordinarily thrilling, and we’re trying ahead to launching new performance over the approaching months.”
Synalogik’s answer, Scout®, is a novel platform that permits organisations to automate information aggregation from a number of disparate sources, establish danger and report findings in seconds. Scout® is the “Single Intelligence Atmosphere”; allowing concurrent searches over a number of dwell information sources to be analysed.
The system integrates inside, third celebration and open-source information into automated workflows in order that groups not must log out and in of various information silos earlier than selections may be made. The result’s swifter and extra rigorous choice making, whether or not you’re on the lookout for fraud, cash laundering or Regulator-driven compliance checks.
It offers playing operators with important operational efficiencies and takes the human-error out of present guide participant investigations – making it potential for operators to raised meet their affordability and AML regulatory compliance wants.
Now in its 56th yr, the Queen’s Awards for Enterprise are essentially the most prestigious enterprise awards within the nation, with successful companies ready to make use of the esteemed Queen’s Awards Emblem for the subsequent 5 years.
It’s an internationally recognised image of excellence. Winners have demonstrated excellent success of their respective fields of innovation, worldwide commerce and sustainable improvement.